Quote from: Agbamoni on Today at 12:35:16 PM

Quote from: Promocodeudo on Today at 10:14:29 AM

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I cannot agree less with what you have said so far. It appears to me how the feeling of doubt can come to the mind of investors when they see such price movement in Bitcoin. At times you see true investors want to let down their guard by selling their Bitcoin because they feel the price is about to drop more. I won't blame them and i won't call them traders, it is a feeling, and we humans are made to feel that way especially when it is too extreme. This time around the volatility went too far. People who are just experiencing this kind of movement for the first will surely be tempted, the ability to hold on without shaking yesterday was as a result of experience, and tough understanding which comprises day to day learning. I have learnt from my previous experiences with Bitcoin because there was a time like this years ago when i sold off because of the same incident i won't let that mistake happen again. If we don't learn from our own experience perhaps, we don't have any experiences on it we can as well learn from the experience of JayJuanGee which he has shared here countless times. I was also laughing when i saw so many topics in the speculation board and bitcoin discussion talking about the dip in the price of bitcoin yesterday i knew people panicked a lot when they saw it happen. Some started blaming trump for it as if he was the one controlling the bitcoin price. I do tell people trump has absolutely no power to control the bitcoin price he only makes policies which one or another affects investors in the market that directly affects the price in the market. This is actually a good time like always to buy more bitcoin, if we have more discretionary income we can push them into accumulating more aggressively. Two things may happen in the market from now hence forth either we see a retrace or the dip price dips more. What is very certain is that the price can never remain stagnant, volatility will continue to happen. We should stick to our investment for long that's all we can do.

Of course, one of the purposes of the forum is for us to share our experiences, and we might be able to learn from the experiences of others, yet also learn from sharing our experiences, since we may well try some variation of what others are doing, and we might tweak our own practices to our own particular finances and/or psychology in order to figure out a balance that works better for our particular circumstances and we can try to share our learnings with others, even sometimes, we might find out that we had made mistakes, even though sometimes we might not realize that some of our actions from an earlier period might take several years before we realize that we had made some irreversible mistakes, but then our active interactions with our systems and practices helps us to both identify the mistake(s) and figure out ways that we might tweak what we are currently doing in order to improve what we are doing.

Quote from: Rony121 on Today at 03:25:29 PM

Quote from: Ricardo11 on Today at 02:23:04 PM

Bitcoin's rise and fall is a natural inequality, these will always be with Bitcoin. But those who know Bitcoin from the past, where Bitcoin has made ATH from 1K to over 108K. Bitcoin has shown countless times in history that Bitcoin never stops after a dump. Bitcoin will dump, and pump again stronger, this is the principle of Bitcoin.
So there is no reason to ever panic when seeing Bitcoin's dump, because we know very well that Bitcoin will definitely recover, then we should not panic and buy more Bitcoin at a low price. But those who do not understand this, they should research the history of Bitcoin, because by researching history, they will understand the nature of Bitcoin very well, so they will also understand that Bitcoin's dump is a normal thing, and it will turn into a strong pump at any time.

Brother, it is not right to rely on history to guarantee the future. Bitcoin has indeed recovered many times but that was at a time when the market was new and investors were very interested. Now the situation has changed a lot. Regulations, market situation, economic crisis, all of them are not as simple as before.

And many have lost by following this formula of buying only when it is dumped, because not everyone sees the pump they want to see or they cannot hold it. It is important to know history but not to follow it blindly. Risk management, proper strategy and understanding market conditions are more important now.

You make some good points Rony121, even though I might question if your post might be a bit too bearish in regards to bitcoin, yet at the same time, we likely need to continue to realize that one of the most important points, in risk management as you call it, is to figure out how to tailor the level of our bitcoin aggressiveness to our own personal circumstances, and surely the assessment of bitcoin's price as compared to other possible places that we put our money is only one out of 9 factors, so we have to be careful in regards to overly putting too much weight into the assessment of BTC's price... even though surely assessment of bitcoin and what makes it valuable is still important just in regards to making sure that we are investing into bitcoin rather than some other assets or even being able to distinguish bitcoin from shitcoins.