Topic: Buy the DIP, and HODL! - page 423. (Read 136783 times)

Hey dude!
What you see on the chart is not the real definition of a dip...maybe I have to ask you how you were able to conclude that it's a real dip.
I think there are some questions you need to ask yourself before concluding that you have seen a dip and you needed to buy. Take a quick look here;

1) Does a sudden crash in price literally means a dip? Can one buy at that price?
2) What's the market structure of the current market?
3) Could the current price be a fake out or a real move?
4) What timeframe is to be used to know the real movement of trend? Most time using higher timeframe is better to avoid market randomness.
5) What kind of trader I am? Scalper, day trader, swing or position trader? The kind of trader that you are would determine the kind of timeframe to be used in the market often.

The above question need to be answered so it would guide you not to take the wrong step in the market as a trader. We are in the market to learn and make profits. If we don't learn, we might keep getting the adverse side of the market, that is why it's good to keep learning as we are trading.
Learning and debugging our trades is very important!

It is even possible that those people who are in the waiting camp category that don't want to take advantage of the market to buy now that the price is 42k+, might end up being a no coiner because if they cannot buy when the price was 28k, and can't buy now, they wouldn't be able to buy when the price is higher than this price, which is what we are expecting to happen soon. Maybe when they will buy might be after this circle when they have wasted a lot of time that they were suppose to be using to grow their investment. However, I cannot be 100% correct because some of them will finally buy due to FOMO when the price will be higher than this.

It is these set of people that bought when the price will be higher than this price, that might be expecting a lot from bitcoin price and if they don't hodli for long term into the end of next circle bull run, they might end up at loss because they failed to buy at the time that they could get started, instead they were waiting for the price to dip to their own expected price. It is very sad to see that when you can invest aggressively into bitcoin at a price that you can afford to buy but because of doubt, you chose to buy with an amount that you think is cool with you and the price of bitcoin shoots up, you then check your bitcoin portfolio and saw that it is very low, you must regret and hate yourself for not buying aggressively then. Such thing has happened to me and that was when I learnt that as long as you are in the position to buy aggressively without being stressful to your cash inflow, you take advantage of it. So that you will be happy with your actions rather than regretting it.

I have seen this a few times before so this temporary change in the market is not affecting me much. Bitcoin price suddenly dropped from $45,000 to $40,000, and very quickly from $40,000 to $42,000, Bitcoin is still hovering just above $42,000. I think this is a temporary change in the market and if this change is a long-term change, I am not too worried because the market was between 42 thousand and 43 thousand dollars a few days ago. In the span of a day, Bitcoin hit $45,000 and some dumping is normal from there. Since I have been investing and holding investments in Bitcoin for a long time, I am used to it and I believe that the market will return to its normal level again very soon. 

You are probably asking to buy bitcoin at $42k, investors are not really waiting for that much opportunity, traders are probably waiting for such an opportunity and it might be a good decision for them to buy at $42k and sell at $45k.

I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)

For trading a trader can plan with other coins in the market apart from Bitcoin but for long term investment it makes no sense to plan with other coils of the market. If any coin is selected for investment it will be Bitcoin and no coin should be selected for investment other than Bitcoin. 

Investing is already risky because the price of Bitcoin is changing regularly, while investing in a coin that can disappear from the market at any time, it cannot be a wrong decision for the investor. Other coins in the market are never suitable for long term investment. Other coins in the market change with the price of bitcoin, if the price of bitcoin increases more, then other coins in the market increase slightly, but if some dumping is seen in the market of bitcoin, then large dumping can be observed in other coins in the market. It can be seen that an investor invests in other coins in the market other than Bitcoin in a long term plan and after a long period sees that the price of Bitcoin has doubled but the value of that other coin is below its previous position. Don't invest in other coins in the market for testing either. 

Since our plan is long-term, investing in a reliable coin will definitely be the best decision for us. Getting your wallet password right is just as important as investing.

Investing in Bitcoin is much less risky than investing in other coils of the market, but investing in Bitcoin is not risk free. You are investing your money and anything can happen to you here so it cannot be called absolutely risk free but we can say that the risk is much less compared to other coins. When investing in other coins, we have to worry that these coins may be lost at any time or its value may go down at any time, but when we invest in Bitcoin, we do not have to worry about this. Bitcoin is a very reliable investment platform and its value never fluctuates like the value of Sheetcoin is the specialty of investing in Bitcoin.

I can see that everyone wants to buy at the dip. The question now is, How can we buy the dip? This is the question we need to ask ourselves rather that saying and advising people to buy at the dip. Sometimes we might think that we have bought at the dip and the market changes move against us. The market is not that easy to understand only those that had been in the market for long and have study the market for a long time could know how to foreseen when to buy and how to know if it is the dip or not.

I want to buy the dip and you want to buy the dip too, so how how are we going to do that? The market works based on demand and supply. The highest bid is the direction the market will face based on liquidity. Sometimes the market might would to clear out our position by faking wrong moves clearing out stop loses before continue moving to the trendy or opposite direction.

In general, I really agree with your opinion. However, there are some of your opinions which, in my personal view, are a bit inaccurate. One of them is about your opinion which says that bitcoin has no risk In my opinion, this opinion is a bit inaccurate, even though Bitcoin is indeed a superior and best crypto asset among other crypto assets. However, Bitcoin still has risks that we must continue to be aware of. Even though the risk is very minimal or small, a risk is still a risk and we must not forget this risk. So in conclusion, if you say Bitcoin has no risk, then that opinion is not true. However, in my opinion, a more accurate opinion is that Bitcoin has little risk compared to other crypto assets.

Apart from that, you also said, if you want to invest in bitcoin
Buy, DIP, and wait for the bull market.
This opinion is basically very correct, but I personally think there is no harm in adding DYOR to these words. Because even though Bitcoin does have a regular cycle every four years. However, there is no harm in carrying out independent analysis, because independent analysis in an investment is very important and this also applies to bitcoin investments. So the point is that you always have to be careful and alert, even if the asset you invest in is Bitcoin. Because no one knows what the bitcoin market will be like in the future. For this reason, independent and careful analysis is needed, in order to further minimize the worst risks that could occur.

Having the understanding of every investment are based on ones free will and how he considers the currency to be of good benefits. Bitcoin is actually the best among every other currencies but trust me there have been many other altcoins which have given more profits to their investors than that of Bitcoin, this has raised the comparison over the years.

Getting to know about Bitcoin, they fail to understand that Bitcoin has more even potentials than any other currency starting from its usefulness and world adaption, not any other crypto currency have this potentials. They fail to learn the possibilities around Bitcoin, most people do not know how the market operates as to know when to begin investing wholesomely catching the DIP and when to apply the DCA strategy. Both can be applied simultaneously when there is full understanding of the market


Its a good thing to do your own research before investing in any cryptocurrency, yes! even Bitcoin. Most people due to hearing about Bitcoin from friends and the internet just decides putting their money into it without any fundamental knowledge to guide them, seeing a little price down in the market will cause them pressure and if not advised this is where most of them will sell off and take loss from their investment. So people should know more about Bitoin or any Altcoin before casting their money into investing, mostly the Altcoins. It is said all Shitcoins are Altcoins but not all Altcoins are Shitcoins, so  make close analysis before investing.

It also came out on my mind that sometimes putting all our balances on single investment like BTC to hold is kinda boring since we can actually split some balances then use it for adding your stash and use other large part for holding.

For this maybe we can see more result also we can get updated to the latest movement of bitcoin and can learn a lot thru the experiences we encounter while trying to earn bitcoins.

As you said its really have to have good alternative plans set so we can do something if the other method we use is not working for us and can plan other things to possible maximize all things that can possibly benefit us.

Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.

We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.

Even if they become victims of scam projects, they will not stop investing in altcoins. They still see altcoins as a driver for profits. Well, that's fine if they can find the right project. But it's not easy to find the hidden gem.

And we better stay focused on investing in Bitcoin because we may not have it for much longer. So as long as we still have time, we must keep doing it.

The possibility of large profits is one of the incentives for doing this, especially for those who are greedy, their positive thinking will of course be closed and only think and imagine the possible profits they will get from investing in shitcoins.
Never give advice to people who are greedy, they are like people who fall in love, they are blind.
Let experience teach them and the percentage is more than 90% they will learn lessons and regret.

I'm sure everyone is aware of the advantages of investing in Bitcin, but again, Bitcin is an investment that tends to be stable and has a percentage of profits and losses that are very worth it and even if you can hold it longer, there is a big possibility of getting a profit, but greedy people want it more than that return.

No matter how long you keep advising some of these people not to invest in shitcoins they will never listen till when they eventually fall victim of rug pull in projects that doesn't worth investing on. I keep wondering what usually motivate them to make such decisions. Why not invest in Bitcoin and relax, some want to get quick roi which is not a guarantee at the same time expose themselves to high probability of losing their capital invested in these shitcoins. Since I know Bitcoin investment, people who invested in it and hodl for long always win. If people always win in Bitcoin investment in the end why won't ever investors both new and old just stick to Bitcoin alone.

Investors invest with the assumption that they will make a profit as well as lose their money. An investor has no reason to think that his investment will only bring him profit because he at least knows that the market is changing at every step and the change can be both positive and negative. Since changes in the market can be both positive and negative, the investor's money is at some risk and investors invest with this money risk. A new investor invests bitcoins and before investing he first plans that he will hold his bitcoins for a long time but as easily as he plans that plan will not be implemented so easily.

A professional investor can easily hold his investment for a long time but a novice investor cannot easily hold his investment for a long time. A new investor faces various challenges in holding his investment for a long period of time and those who can face these challenges end up holding on to their investment but those who cannot face these challenges sell their investments in short order. If you invest, you should invest in such a way that you don't have to sell the investment later.
We should give as much importance to investment as we give to our mother's ornaments and wife's ornaments. Just as we never think of selling our wife or wife's jewelry even in the face of many financial crises, we never think of selling our investments no matter how dangerous the situation. 

Investing a relatively small amount of money is a good decision if it can be held for a long time, but investing a large amount of money temporarily is of no use if the investment has to be sold after some time.

@FinePoine0 probably sees investing and trading as the same thing and thinks they are the same. There are many differences between investing and trading in a practical sense. Trading is like a normal business, just as traders buy a commodity at a relatively low price and sell it at a higher price, in trading a trader buys a coin at a lower price and sells it at a higher price. Just as business is not always profitable, sometimes the trader sells his products at a relatively small loss, so in trading, a trader sometimes sells his coins at a small loss. 

There is no hassle in selling the investment but an investor can buy a particular one regularly if he wants and increase his investment amount. 
@FinePoine0 Hope you understand the difference between investing and trading.

I personally believe that in some cases, you can do both.  You can have some BTC that you categorize as your long term HODL and you keep adding to that stash, and you can have another portion of your BTC that you decide to invest extra and then to sell some or all of that portion when (or if) the BTC price goes up; however, you still would need to be prepared if the BTC price does not go up, then you would need to have a plan for that.


That is a good point.  It is true that FinePoine0 is describing his bitcoin experience in terms of various kinds of short term gratification, and he likely is not going to be able to get long term benefits and who knows how he is playing his trade.

There are some people who come to bitcoin as traders but they end up converting to investors.. so we do not all start from the same place, even though it seems when the relatively newbie guys are getting so excited about short-term profits, they don't seem to be considering their bitcoin holdings in terms of it's longer term ramifications...even if they are trying to appear that the are talking the talk.. but they are seeming to be faking it...

Bitcoin is the most reliable digital currency for long-term employment. As Bitcoin is one of the most reliable digital currencies, most people invest in this investment platform. For those who invest regularly in Bitcoin, there is no specific time to invest in Bitcoin, rather the time when they invest is the best time for them. 

Investing in Bitcoin requires waiting, but that wait is not short-term but long-term. There are some investors who invest in bitcoins but later on they need or see little profit and they sell their investment in this case I wouldn't call their investment a successful investment at all. You can tell me that investment is done in anticipation of good things and for your own needs, so it is natural to sell your investment when you need your money. In this case, I will tell you why you should invest that amount of money in Bitcoin if you think you need it.

There are many differences between investing in Bitcoin and investing in Bitcoin for the long term. After you invest in Bitcoin, let's say the price of Bitcoin goes up a bit and you make some profit and you sell that profit, but when you sell that investment after five to seven years, imagine where your profit could be. It is recommended to invest that amount of money which will not affect your life badly. No investor has ever told you that you have to invest all your money in Bitcoin without taking care of your family's needs or that you have to invest in Bitcoin without worrying about the financial crisis ahead. 

Invest a relatively small amount of money in Bitcoin but try to hold it for a long time even if you invest a small amount of Bitcoin.

You have learned about Bitcoin investment after learning about cryptocurrency and you have invested in Bitcoin after learning about Bitcoin investment. You think you had a miserable life before investing in Bitcoin but you have financial freedom after investing in Bitcoin, I think you are trading and not investing in Bitcoin. I said that you are trading in bitcoins because before you were earning and still you are earning and before you had a poor life maybe your salary didn't meet your family needs but now you are buying bitcoins at low price and selling at high price resulting in some profit and that You feel like you are financially independent now that you are doing well with the profits. If you invest you would get the result at the end of certain period but immediately after investing you think you are financially free so I think you are not investing but trading.

It is exactly true that sometimes we make mistakes and we have trouble figuring out a way to extricate ourselves from the situation that we put ourselves, and similar things can happen from NOT buying bitcoin or even selling too much too early. .and we sometimes will trap ourselves into feeling that we have to wait to make a new entry point because we might consider that we are either locking in losses, or buying higher than we could have or buying higher than the price that we sold.

Shitcoins lend complexity because they should be considered as "in and out" kinds of holdings, but some people get into shitcoins and do not realize that they are "in and out" holdings, and they were investing under a different presumption, such as long term investment and maybe even like 10 years or more, and so when they believe that they got in super cheap because it was only a few dollars or even pennies, but then its price ends up going 80% lower, there can be some bafflement regarding how their beloved "investment" aka piece of shit is ever going to recover in the supposed rosey pictured world-changing vision that was being promoted at the earlier date.

Bitcoin is the best coin that I have ever invested in and is currently self-sustaining. Because I mean in the past there were usually investments with bitcoins, but a lot of bitcoins got destroyed. But Bitcoin is improving now.

So you come back to Bitcoin with this realization like I did. I got the idea of ​​Bitcoin investment when I came across cryptocurrency forums. And from that day I started to invest without Bitcoin. And at present I am independent but in the past I lived a miserable life.  Hence the main source of success in Bitcoin.

Agree with you that only Bitcoin is worth holding for the long term. I don't believe their talk on social media where they make shitcoins their target to get a fast roi but in the end they lose their money when the carpet pull is done. Be wise in investing because making money is very difficult in the current era and of course 1 coin and that's Bitcoin which is worth buying and holding for decades to come.

There have been many cases that happened to those who bought shitcoins but they really didn't realize how to correct their mistakes. As we have seen, Bitcoin has a good trend in its price movements and that is an opportunity for us to continue accumulating Bitcoin at low prices. Advising them sometimes doesn't mean much but I always say stay away from shitcoins because everyone has made mistakes and that's a meaningful experience that can change someone's thinking.

What you are saying is not so obvious.

And it is always the case that the BTC price might go up, might go down and might go sideways, so sure there is nothing wrong with the idea of being as aggressive as you are able to be, but it seems to me that a person should still strive as best as he can to prepare for any price direction that can come. DCA can do that, but also lump sum might also be a good idea for those who have lump sum available, but if they lump sum everything they have then they are not really preparing for down.. but at the same time, if they have their emergency fund in place and they have a cashflow, they could lump sum in and still be able to buy regularly at whatever the price happens to be, in the event the price goes down after the dip.

There are a lot of folks who have had months and even years of down in the value of their BTC portfolio as compared to how much they paid for their BTC, and so far, these matters have always worked out in a few years at most for those who had ONLY been buying and not engaging other tools, but sometimes if they lump sum at higher prices, it could take longer to get out of the negative if the BTC price were to move against them.

In any event, there is not likely any one answer regarding what aggressive means in practice and how to apply such aggressiveness, exactly.

Yes, we have seen right around 2.5 months of the BTC price going up without any significant or meaningful corrections and we have the sense that the BTC price will not correct more than 10% at this time, but we do not know. .and we also don't know if the BTC price might double and then never come back down (which also is not a likely scenario but it is a possibility).

Myself I just learnt that word "the waiting camp" today from @JayJuanGee. Not only that these set of people are waiting for their perfect entering price, they also engage in drawing several lines and making meaningless predictions about price movement, sometimes it goes their way but the shocking thing is that they won't still buy instead they will start drawing another lines. At the end of the day you will find out that they have miss out the chance of buying Bitcoin and may also end up deceiving people who listens to them from buying Bitcoin. It is better to act now than to keep waiting.
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If you waited for 2 months and now you are buying, then you still have to be careful regarding how you do it. 

Of course, if you have been buying for the last 6-12 months, you are feeling pretty smart right now, and even if you have been buying for the last two to three years, you are still feeling smart as long as you continued to buy through the whole times.

The ONLY ones who might be feeling like dummies right now are those who made lump sum buys at various points in 2021 when BTC prices were higher than now, and they are just waiting for the BTC price to return to those prices so they can get out of the red.. however those who continued to buy have brought down their average cost per BTC to quite a bit lower than what their entry price would have had been, and sure maybe some of those folks are regretting that they did not bring down their cost per BTC more by having had been more aggressive, but now it is seeming too late since the price is returning higher.. at least for those people, but at the same time, they don't really have a choice.  Each of us can ONLY decide what to do based on today, and we cannot rewind the clock to do what we should have had done at earler times.

If anyone getting into bitcoin today has an investment timeline of 4-10 years or longer, then surely those people should be getting in and getting started rather than waiting.. . and the ones who wait may also be similar to altcoin pumpers or bitcoin naysayers or no coiners or low coiners, but each of the categories of kinds of people is in a slightly different camp regarding why he is failing/refusing to sufficiently/adequately buy bitcoin... and the really scared ones might just want to start with $10 per week rather than starting with $100 per week, yet one of the problems of under-investing is that if the BTC price goes shooting up, then they could end up causing themselves regret because they had been so whimpy in their investment and they convert into FOMOing into bitcoin at higher prices because they failed/refused to sufficiently/adequately prepare for up when they should have had been (when the prices were lower.. or just on an ongoing basis for years and years and years, and then after a while they might see the benefits down the road. .but the benefits may well not end up happening in any kind of immediate timeline.. except maybe some people investing in the last 3-4 months might be feeling some immediate pay outs, and even those who started a year ago, they likely feel ongoing payouts because the price went up a lot in the last year, just short of 3x.. so far).

So some people do end up getting lucky but not necessarily realizing that they were lucky that the price went up, but sometimes they do not accumulate enough coins because sometimes they get lazy (in their BTC accumulation) when the BTC price is going up.