Topic: Buy the DIP, and HODL! - page 530. (Read 108155 times)

This is too deep, I can't comprehend what this meant, lol...



But this one, I get it clearly. .. the word HODL means good profit for us when selling at the right timing.
We never HODL to lose, we HODL because we wait until we see the profit that we targeted.

This take I stole from a friend, "it's OK to add a loser in your position, if it's actually a winning position".

Zoom out, buy the dip, and HODL.

Now that the situation of the market it is really a good opportunity to accumulate some more bitcoin. Those who have the money are definitely increasing their holdings. But currently I do not have extra money to buy more Bitcoin. This is a problem for me, when a good opportunity comes I have no money.

I wish I had a job, then I could buy a dip.

Indeed, as the current price of Bitcoin dictates, I think it would continue to fall or dump in the coming days. This would be a great opportunity for a lot of investors or traders to store a lot of Bitcoin stock because, the upcoming halving event would surely affect Bitcoin and would change the course of its current standing in the market. Also, as the tension from the virus corona makes countries quarantining their money makes it suspended making it possible for the people to turn to crypto currency.

Many people ask themselves, "when should we buy the dip?"

I believe the recent dips should be the perfect answer. Another golden opportunity. I wish I had more source of fiat, other than my job.

Remember, we should be checking Bitcoin's price, merely to see by how much its purchasing power is against fiat currencies. Plus the more the Feds/Central Banks print fiat, the more it's a positive for Bitcoin.

Buy the dip, and?

https://www.aier.org/article/bitcoin-is-quantitatively-tightening/

I believe no analysis required in some instances. Pretend we bought $10,000 worth of Bitcoin today, price is $8,600 - $8,650, depends what exchange, and wait for 10 years.

I'm very confident that we would earn more profit than 90% of the day-traders in the forum, pretending that they also started with $10,000.

it is not a bad advice, maybe he said it wrong.
for starters that is only bad if you are trying to day trade and make profit in short term. otherwise for everyone else who is not so willing to participate in the highly volatile market on very risky and shady exchanges that lack security, the strategy is "investment". and many people don't have a large sum of money to dump into bitcoin in one go, you get some extra money maybe leftover from your paycheck or something and invest that into bitcoin on short intervals such as a week or two as you come to that extra money.
of course you always want to look at the charts and do some analysis.

actually watching chart everyday is annoying specially when BEar market is on the work,also this sometimes make our decisions falls mistakes because of added feeling of panicking.

adding amount in holding every week or every month is perfect way of investing if you are aiming for long term investments.

No doubt that is good strategy to buy every dip but since people have fear and many average traders don't know where is the dip, how do you manage the capital?

Well, there is your chance to buy the dip.

it's like saving money at home, but saving Bitcoin seems to be something good at this time, I myself will also do it because I see it very profitable if we buy it every month at a low price, and of course it must be based on good analytical techniques, worry that if you only buy bitcoin at a high price, your assets will continue to decrease

No it doesn't. You just need to save some of your monthy salary in Bitcoin, in cold storage. Save $20 a month, $50 a month, is not important, provided that you're HODLING.

I don't think buying every drop is a good strategy. because sometimes coins decrease in small amounts. it's better to wait until the coin drops by 10%. then just buy. investing or trading cryptocurrency is not easy because the price fluctuations are very high. we must learn a lot and also be good at speculation. and also must always observe the state of the crypto market whether we are in a down or up trend.

Yea multi year trends and exponential scales is not something I look at daily, weekly or anything besides reading other peoples conclusions.    I'm not against it exactly but I dont feel any weight when I try to use it myself, I cant really estimate for some profit personally.   Except that its reasonable at times to be long term bullish,  it can pay to just be Satoshis own sunbeam in the gloom because we are placed for a rise.
   Multi year charts need deep pockets because it might just take a year to play out, I do recommend consider the idea to buying regularly or dollar cost averaging.   Thats less about trading then most speculative bets people take, alot of faith and patience is required.   My pockets have holes in them  

 I say this about gold also, its a ten year asset.  People moan but it might fall for a year or more and have nothing wrong.    A few commodities are like this, its hard to capture the rapid rise possible.   Standard business cycle is about 6 years I think, thats the time frame required to consider alot of investment.   To establish a mine takes a decade easily, few years less perhaps for surface mining coal but the epic surprise to me is maybe BTC is one of these movers with giants footsteps to it.  
   I still believe 2021 and beyond will be bigger then 2020 in sum total.

Zoom out, and look, https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

Another one,



Is that what you are observing as not a clear positive trend? In 5 years I'll bump this topic, and the dip will be $20,000.