Another Bitcoin purchase for the dip. - page 3.

Nrcewker

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Quote from: Obari on November 10, 2022, 06:20:26 AM

I was able to buy Bitcoin of about $47 yesterday, which might seem little to most people but very great to me as my goal is to buy Bitcoin at every little opportunity that I have and it seems I'm achieving it greatly even buying it in the dip.

I HOPE WE ALL HAVE THE OPPORTUNITY TO BUY THE DIP AS WELL.

Amount doesn’t matter at all. The thing that matters is that, you have used the right time and took advantage and bought some Bitcoins. I am definitely confident that soon you will see your 47$ turns into 3 figures in the next year. Instead of panicking, everyone should learn from you, when to buy the coins and when to not. Nevertheless anyone buying Bitcoins under 20k usd are lucky, as when Bitcoins will start rising they will definitely get more than 50% of their investment. Let’s hope for the best.

maydna

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Congrats @OP. You have successfully bought bitcoins at the current lowest price. We hope that you can continue to buy bitcoins at the lowest price. But remember to use your money wisely to buy bitcoin because with the current bitcoin price, the price of bitcoin can go down even more, and that is another opportunity for you to buy some more. We are still given the opportunity for now, and you have used it well. This is an example of us taking advantage of every down moment in the market.

Odusko

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Quote from: Marvelman on December 18, 2022, 04:21:26 PM

It is generally considered good to purchase Bitcoin when it is "on the dip," or when its price is lower than it has been previously. However, it is important to note that the price of Bitcoin can be volatile, and buying on the dip does not guarantee profits. Anyway OP, congrats on your new purchase. I hope it will be profitable for you in the future.

Exactly buying the dip doesn't mean the dip will not get dipper since bitcoin price is volatile, those who bought the dip when the price slid down from a $69,000 all-time high to somewhere around 40k where buying the dip but at the moment they are already at an above 15% lose.
Ops should focus more on long-term holding and since he is buying in small quantities his percentage effect on both market directions will be low unless otherwise, he decides to increase his purchasing capital to increase both chances of his percentages of both profits and losses. Ops should know that the present dip was once an all-time high so bitcoin price is a cycle that can be speculate.

MarjorieZimmermanGinger

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Quote from: Obari on November 10, 2022, 06:20:26 AM

I was able to buy Bitcoin of about $47 yesterday, which might seem little to most people but very great to me as my goal is to buy Bitcoin at every little opportunity that I have and it seems I'm achieving it greatly even buying it in the dip.

This is already a fairly correct step OP, there is no need to force yourself to buy bitcoins in large quantities, you can start investing slowly, but you must remain consistent and continue to make purchases when market conditions are declining as they are today. The amount you start with can increase, during the current period you continue to increase investment, buying on the decline will always be special in bitcoin, because we will get a large amount from the usual standard price.

If you are just starting to invest in bitcoin, then my advice is to keep buying in declining conditions, because in the next year it is likely that bitcoin will recover and put your investment in a more stable stage.

cryptomaniac_xxx

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Yes, definitely it's a good call on your side to buy the dip because that's what we heard from those who have experienced in this market and obviously that's what they did because the price is at a discount.

And this is just a start on your end, and it seems that you invested what you can afford to lose.

Later you will see what this really means, specially when the price surges again in the bull run. So if you still have some funds then you can accumulate in this bear market and simply hold for the long term.

Marvelman

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It is generally considered good to purchase Bitcoin when it is "on the dip," or when its price is lower than it has been previously. However, it is important to note that the price of Bitcoin can be volatile, and buying on the dip does not guarantee profits. Anyway OP, congrats on your new purchase. I hope it will be profitable for you in the future.

Fatunad

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Quote from: kryptqnick on December 18, 2022, 02:58:16 PM

Congrats on buying the dip, op! I think it's totally fine to invest gradually rather than do a major this all at once, as this way you can choose convenient moments when you have money you can spare on investment and see how the market is doing. I hope you're storing your coins safely in a non-custodial wallet and are prepared to hodl for perhaps a year or two if not more for decent profit.

Everything is really just fine as long you are investing on the money which you can afford to lose or something that you would really be that easy to move on or dont mind if ever the market would really be having
that bearish moment. If you do see that this current market price specially on bears is an opportunity then it is really your own choice whether you would get in or not.
Lots have the interest on accumulating but usually they are really minding about bulk buying and trying out to go into their limits or something those amounts which arent supposed to be invested.
Its not bad on being optimistic but you should always consider out about the risks involved and this is something should really be standard.

kryptqnick

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Congrats on buying the dip, op! I think it's totally fine to invest gradually rather than do a major this all at once, as this way you can choose convenient moments when you have money you can spare on investment and see how the market is doing. I hope you're storing your coins safely in a non-custodial wallet and are prepared to hodl for perhaps a year or two if not more for decent profit.

Smartprofit

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I am very happy for you! In my opinion, the price of bitcoin is now at a local minimum.

In my opinion, $16,000-$17,000 is an accumulation zone. In this zone, large investors acquire bitcoin. These are long term investments. In 2024, they will sell it for $136,000 and lock in profits.

Therefore, buying bitcoins now is a very smart decision.

Currently, Bitcoin and cryptocurrency are not in the media spotlight. They were temporarily forgotten. This is a signal that now is the best time to buy the first cryptocurrency.

electronicash

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like they said, invest the money you can afford to lose. you will still be happy as its liberating to have something that no one can get from you in times of uncertainty. congrats happy DCAing.

when you finally made it to the bull market, you definitely have the right to take your share. exciting days ahead if this binance fud is the last of the bears.

Bitstar_coin

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This is the best opportunity to buy btc especially as a small investors. The price of btc is very cheap compared to previous months. As long as you are willing to hold for longterm you will be happy buying the dip whenever you can. Btc is always the best choice. Good luck with your investment bro.

Yatsan

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Quote from: Davidvictorson on December 18, 2022, 04:41:22 AM

Quote from: Obari on November 10, 2022, 06:20:26 AM

This Bitcoin journey has been an amazing one for me ever since after joining this amazing forum and also after my first Bitcoin purchase.
I've been following this crypto news but haven't had the money to invest in it even after acquiring some knowledge about it, but I successfully made my first purchase on the 28th of October, 2022
https://bitcointalksearch.org/topic/m.61204329
ever since then the journey has been a happy one for me as I was able to make another purchase yesterday 9th of November, 2022 and I'm buying the dip at every opportunity that I have.
I was able to buy Bitcoin of about $47 yesterday, which might seem little to most people but very great to me as my goal is to buy Bitcoin at every little opportunity that I have and it seems I'm achieving it greatly even buying it in the dip.

This is what I really like because it seems to me that you already have a DCA strategy already in place. I do this too, last month I bought bitcoin also less than $100. I am going to do the same before the month runs out. The goal is to be consistent and stay consistent. Before you know it, you will almost be in the 1 Bitcoin club. It is achieveable.

Bitcoin has a huge potential. If you can afford investing, it would be a great idea given that the price is still 'down'. But unfortunately, not all people could do the same thing especially small investors of this industry. It would be easy to say "just invest an amount you can afford to lose" but in reality no one wants to lose in an investmenr right? Also with "just endure the market and set aside your worries" but in real life situation, investors are really anxious on every downfall from the moment they have entered. That is just indeed how this industry works and it won't work on people who are looking for an assured profit. The market prices are filled with inconsistencies and uncertainties which causes risk to investors. So it would be better to be prepared first before engaging towards crypto investment.

tokyohd

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I am very happy to see your interest in Bitcoin. I think Bitcoin is a good invest for both short term investment and long term investment. There is no loss in investing in Bitcoin. Profit is guaranteed if you have patience. Great discounts are going on the crypto market now. I think, we should buy now for the next bull run.

Davidvictorson

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Quote from: Obari on November 10, 2022, 06:20:26 AM

This Bitcoin journey has been an amazing one for me ever since after joining this amazing forum and also after my first Bitcoin purchase.
I've been following this crypto news but haven't had the money to invest in it even after acquiring some knowledge about it, but I successfully made my first purchase on the 28th of October, 2022
https://bitcointalksearch.org/topic/m.61204329
ever since then the journey has been a happy one for me as I was able to make another purchase yesterday 9th of November, 2022 and I'm buying the dip at every opportunity that I have.
I was able to buy Bitcoin of about $47 yesterday, which might seem little to most people but very great to me as my goal is to buy Bitcoin at every little opportunity that I have and it seems I'm achieving it greatly even buying it in the dip.

This is what I really like because it seems to me that you already have a DCA strategy already in place. I do this too, last month I bought bitcoin also less than $100. I am going to do the same before the month runs out. The goal is to be consistent and stay consistent. Before you know it, you will almost be in the 1 Bitcoin club. It is achieveable.

m2017

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You set a great example for others who are afraid of a further btc's drop. While some are afraid to buy cheap bitcoin, you buy them little by little, in stages. This is commendable. Penny for penny and gradually you will be able to accumulate a tidy sum. Keep up the good work and don't give up on your goals. Let others say what they want, most importantly, do what you think is right. One day, your investment will pay off many times over and confirm the effectiveness of your strategy.

fuguebtc

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Quote from: Jawhead999 on December 17, 2022, 11:40:50 PM

I see no point for @OP creating such kind thread especially Bitcoin isn't really in huge dump or crash situation, the price just decrease for around 2% in the last 7 days. It's really normal to see Bitcoin price decrease for 10% in a day because Bitcoin has huge volatility. If we will see a situation where Bitcoin price drop below $5K and then @OP dare to bought Bitcoin at that price, then there's no problem if @OP create such thread to remind and motivate anyone to keep buy the dip.

The topic has been created by him since November and before that I also saw another thread of his about his first bitcoin purchase. It would be great to share the feeling of owning bitcoin for the first time, it was a very memorable moment and worth celebrating. As for the next purchase, I no longer find it too important or attractive because simply as an investor, it is very normal for us to focus on accumulating bitcoin. This topic is really nothing to discuss, it's not as engaging as when he first bought bitcoin.

Jawhead999

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I see no point for @OP creating such kind thread especially Bitcoin isn't really in huge dump or crash situation, the price just decrease for around 2% in the last 7 days. It's really normal to see Bitcoin price decrease for 10% in a day because Bitcoin has huge volatility. If we will see a situation where Bitcoin price drop below $5K and then @OP dare to bought Bitcoin at that price, then there's no problem if @OP create such thread to remind and motivate anyone to keep buy the dip.

ethereumhunter

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I am glad to see that you have succeeded in owning bitcoin as your investment and if you can buy bitcoin again in yesterday's downturn, I congratulate you. It was a brave move to buy bitcoins because many people would not make a purchase and instead wait for the price to drop again.

And you are lucky to be able to take advantage of the decline in your favor so that your bitcoins have increased even more. Try to buy at another markdown as this may continue.

Hispo

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I congratulate you for your enthusiasm and I hope you manage to accomplish your personal objectives with this purchases. I believe these are good price ranges for a long term position.
By the way, there is something that have caught my attention about your transaction, is there any personal reason you prefer or you continue use legacy Bitcoin addresses instead segwit?

Usually segwit can help you to save some cents in transaction fees and it seems the service you used it is compatible with newer address formats.

Darker45

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Great job making the most of the dip. Sooner or later, you will not only look back and feel proud that you had the balls to buy when others were selling, you will also be making some nice profit. I hope you are in for a long-term HODL. And I hope the money you spent on Bitcoin is not intended for something else so that you can keep your Bitcoin for as long as you want. The sad thing about some who really intend to keep their Bitcoin is that when emergency arises, they have no choice but to sell.

Topic: Another Bitcoin purchase for the dip. - page 3. (Read 658 times)