Topic: Are You Easily Discouraged with Dips? - page 4. (Read 867 times)
This thread is good for newbies out there that are panicking when the price is pulling down to the pit hole. Don't get discouraged when dips are on it's way and happening. I, myself is happy when there are dips it's making the bitcoin economy balance and it's a good time to give me chance of buying more, like this Christmas season I've got my bonus on my paycheck and good thing I bought some at $9,600.
At the moment I think the downside is due to investors complaining about the bitcoin and Etherum trading speed so withdrawing funds makes the entire crypto market go down. But do not worry too much. I think that after the normal trading activities return, the market will develop more now.
No I am not . Because I believe in bitcoins and believe in top 100 alt coin in coin market cap that they all have potential to recover like a rocket . So I am not taking any depression when market down.
this market is more enthusiasm than logic when it comes to people.
and these days it is even worse because unlike low prices, now a small percentage rise is a bigger amount. for example 10% rise when price was $200 meant $20 rise but now the same rise at $10,000 price means $1000 (same with drops) and people lose their mind over it just because the number is a big one apparently. but they forget that these rises and falls are the same rises and falls as before, the numbers are just big because bitcoin is now worth a lot more.
maybe we need to start reporting the price for a smaller amount like 1 mBTC or 1 satoshi even. that may remove this confusion.
and these days it is even worse because unlike low prices, now a small percentage rise is a bigger amount. for example 10% rise when price was $200 meant $20 rise but now the same rise at $10,000 price means $1000 (same with drops) and people lose their mind over it just because the number is a big one apparently. but they forget that these rises and falls are the same rises and falls as before, the numbers are just big because bitcoin is now worth a lot more.
maybe we need to start reporting the price for a smaller amount like 1 mBTC or 1 satoshi even. that may remove this confusion.
Dips are excellent. They create new entry points and help accumulate.
Not a bit. Bitcoin was at the $700 range the first time I learned a bit about it. Pretty much anything above $3000, I'm very very fine with. What disappoints me more are people who just immediately listens to those FUD. A perfect example would be the Jamie Dimon case; it just shows how much ignorant people we have in the crypto space.
Yeah its interesting to think about it. the pros who have been in it for a while when they see a dip are happy because they can buy more. But of course their lack of concern is usually partially because they got in initially at a way lower price than what its dipping down at.
The noobs who are buying the tops on the other hand have to practice emotional control when those dips come. Although people who understand bitcoin and its economy know that its here to stay and going to go up in value. the noob just see a huge loss of money they may never get and in their mind are cutting losses when they sell at the bottom.
With every trade there is a winner and a loser.
The noobs who are buying the tops on the other hand have to practice emotional control when those dips come. Although people who understand bitcoin and its economy know that its here to stay and going to go up in value. the noob just see a huge loss of money they may never get and in their mind are cutting losses when they sell at the bottom.
With every trade there is a winner and a loser.
Not really i always enjoy these dips it clearly means for me that i can get free money. Meaning whenever the price falls i collect all my funds and try to buy 2 btc. During the last dip when it feel to $7k i bought 4 btc and sold at $10.5k get a profit of $10k in no time. As you mentioned dips should always be considered to buy more you can either buy for long term or just for a short profit.
People do cry in dips because they aren't aware of all this all these media and news are always claiming btc is a risky investment and when it falls below their purchase price it's a clear panic.
People do cry in dips because they aren't aware of all this all these media and news are always claiming btc is a risky investment and when it falls below their purchase price it's a clear panic.
I am one of the people who are delighted when the price takes a dive. I see every dump as a opportunity to buy cheap coins and then to sell these coins for a profit, when the price goes up again. I bought after one of the biggest dumps and made my biggest profit from selling these coins.
Bitcoin Traders love Volatility
- Merchants hate it. 
Bitcoin Traders love Volatility
- Merchants hate it. Now I don't think you may get a chance to buy lower than 8780. I'm still holding which I bought around 300+.
That pic made my day, especially the kid. 
I'm not one of those who feel discouraged or down due to the shot (dip) Bitcoin takes after increasing to record levels as I believe in Newton's law that whatever goes up, needs to come down and we really need a correction every time it goes up because that's the only way for traders to enjoy the swings in values as that's how we profit. Correction is no bad if it has gained enough for the time being and bitcoin never disappoints as it survives back in the end after the "death it dies".
I'm not one of those who feel discouraged or down due to the shot (dip) Bitcoin takes after increasing to record levels as I believe in Newton's law that whatever goes up, needs to come down and we really need a correction every time it goes up because that's the only way for traders to enjoy the swings in values as that's how we profit. Correction is no bad if it has gained enough for the time being and bitcoin never disappoints as it survives back in the end after the "death it dies".
I am one of the people who are delighted when the price takes a dive. I see every dump as a opportunity to buy cheap coins and then to sell these coins for a profit, when the price goes up again. I bought after one of the biggest dumps and made my biggest profit from selling these coins.
Bitcoin Traders love Volatility - Merchants hate it.
Bitcoin Traders love Volatility
- Merchants hate it. 
People who have been with Bitcoin for years already understood how the coin may behave in certain circumstances and so they are never shocked nor surprised to find Bitcoin going down in value which we called as dips or as some negative people would call it: crashes! Had the same thing happening in stocks or forex, indeed it could be so alarming if the retreat can be as low as 20% or 30% but this is just normal in Bitcoin. Afterwards, there would be a sudden recovery and things would be normal again. Volatility is two-edged sword in Bitcoin and while some may find it a big turn-off many are welcoming it as an opportunity to make some money in trading.
Newbies in cryptocurrency should never discouraged seeing Bitcoin going down abruptly as it would surely be back into the action within days. Why is this so? It is because there are people who are just waiting for a dip for them to get into the Bitcoin bandwagon. A dip is indeed an opportunity to buy cheap. When more are buying then the coin will be pushing upwards again.
Now, if you are easily discourage when there is a dip...take a deep breathe, just relax, smile and then wait. Bitcoin is here to stay and we might as well enjoy its journey.
This kind of correction is normal since Bitcoin has gone up for a while, but we may want to invest more if we want to get the most of it in the future.
People who have been with Bitcoin for years already understood how the coin may behave in certain circumstances and so they are never shocked nor surprised to find Bitcoin going down in value which we called as dips or as some negative people would call it: crashes! Had the same thing happening in stocks or forex, indeed it could be so alarming if the retreat can be as low as 20% or 30% but this is just normal in Bitcoin. Afterwards, there would be a sudden recovery and things would be normal again. Volatility is two-edged sword in Bitcoin and while some may find it a big turn-off many are welcoming it as an opportunity to make some money in trading.
Newbies in cryptocurrency should never discouraged seeing Bitcoin going down abruptly as it would surely be back into the action within days. Why is this so? It is because there are people who are just waiting for a dip for them to get into the Bitcoin bandwagon. A dip is indeed an opportunity to buy cheap. When more are buying then the coin will be pushing upwards again.
Now, if you are easily discourage when there is a dip...take a deep breathe, just relax, smile and then wait. Bitcoin is here to stay and we might as well enjoy its journey.
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