Topic: Buy the DIP, and HODL! - page 542. (Read 108199 times)
It's easy to say buy at dip. But in fact, it is hard to discover the dip. Sometimes we were right but took no action because we doubted that and ended in a regret. So it's better for us to learn anything, speculate it and simply Bitcoin at any price as it's never too late to join the party.
There are no dips anymore on the menu.
Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump. My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.
You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537
Yes, dollar-cost averaging is even better, because it means you are accumulating irrespective of price. Using this method worked out well for those holding long term, because they were buying while the market was at the bottom (low $3,000s). Meanwhile, those who were waiting for a $1,000 or under BTC may be FOMOing into the market now that the low price they expected is increasingly unlikely.
You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537
I guess this is normal and that is the sentiment we always see whenever there's a huge surge of price in bitcoin. I'm always expecting that people would get angry at themselves when there is a bullrun. But buying the dip is kind of hard though. I have been wrong 3x thinking btc has reach the final bottom in 2018 but it still plunges to $3k instead.
Does he feel vindicated today? Hahaha nocoiners.
For a Harvard "doctor" in economics, he sure does love to bash this generation's greatest technical, economic breakthrough, and achievment. I would expect more from a highly educated person.
Buying cheap for now is a very correct strategy, although of course there are many exceptions to the rules when this rule does not work the way we want. In this case, the rule implies that you do not need to buy everything, you need to be very selective and carefully plan your investments. In order not to buy some kind of garbage that no one needs.
There are no dips anymore on the menu.
a "dip" does not mean falling 80% so that you can buy!
a "dip" is an opportunity that exists at all times at all prices. it is a situation when price falls to a level that is considered lowest of that particular time. for example right now that price is rising and has reached $7300+ the "dip" is defined as the lower price that was reached AFTER that high price at $6800. so for example if you missed out on buying, you should have bought at that drop @$6800
There are no dips anymore on the menu.
a "dip" does not mean falling 80% so that you can buy!
a "dip" is an opportunity that exists at all times at all prices. it is a situation when price falls to a level that is considered lowest of that particular time. for example right now that price is rising and has reached $7300+ the "dip" is defined as the lower price that was reached AFTER that high price at $6800. so for example if you missed out on buying, you should have bought at that drop @$6800
There are no dips anymore on the menu.
Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump. My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.
Is that not why we have All time low and all-time high in coinmarket, have you ever seen both close at the same value for the past few weeks. So, people can still always make money by buying when at dip and sell when it reaches its all-time high for the day.
There are no dips anymore on the menu.
There will be after FOMO, and it's now going FOMO. I will give it 3 days more of green, long, parabolic candles before another dip.
Get ready.
Just deploring for those people who intend to buy bitcoin in the dip situation but he never bought it because for some reasons. But we can see them as a people who feel regret because has made a wrong decision. Maybe for everyone who buy bitcoin in January 2019 ago when bitcoin at the lower price and he bought it then now he has got 100% profit. Only need a several month for bitcoin to make its investor getting rich instantly, but it's just for its usur who believe bitcoin as whole and never made any regret statement when he felt a lost.
There are no dips anymore on the menu.
Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump. My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.
There are no dips anymore on the menu.
We are still in a bear market so follow an old rule: risk only what you can afford to lose. Buying the dips = a higher expected return = more risk.
High risk = higher reward that's it. But don't expect if you bought during the dip, your money would grow immediately. That's not how bitcoin works, it is gradually moving forward with the increase that it is making for few months. Very encouraging that the market has been rewarding for those who are buying during the dip. As an investor, you buy and you hold until the market reaches your expected price. Don't rush if the market falls instead you buy it!We can not really say that we can achieve immediately the profits. How can we know if it on the dip? Technical analysis could be helpful. But it does not work all the time. When we've thought we buy at dip, it decreases more. Good thing we can hodl those coins until it pumped.
After BTC crossed the barrier of $6000, I sold little of my coin,believing that we will still have a retest that will enable me buy at dip again, otherwise, one might just have to buy once and keep holding till the bull run starts.
I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.
Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.
Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.
watching for withdrawals isn't enough. they are withdrawing bitcoin from that address regularly. that is what an exchange cold storage is for! to store funds and then withdraw them when needed.
for example in the past 5 months they have withdrawn 62k bitcoin or ~$300 million
that is the same amount of bitcoin withdrawn in October 2018 alone (ie in one month)!
I know it's debatable. Although the current amount held by that address is going lower and lower down than the amount on June - July, 2017.
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don't forget that we are half on the rise and half in accumulation phase where whales have been constantly buying bitcoin and cashing out to their cold storages.
Don't forget that Bitfinex has its $850 million inaccessible that prompted their users to run for the exit.
I have read a certain post from a well-known cryptoer in social media that says "better to lose money in cryptocurrency (particularly bitcoin) than entrust them in banks", something like that. This simply signify the trust he has in cryptocurrency and it is true we must grab every opportunity during these low season so the same mistake that people did earlier will not be repeated again. Even myself is sorry for committing the same mistake in not taking advantage in the opportunity when bitcoin was only few cents dollar.
So many people here are sorry about this because I dint think we even have people that bought during that time on this forum again, it is this sorry state that makes so many people wish for bitcoin price to drop below a thousand dollars and would crest all manner of terrible news to make this happen. I guess they have finally come to reality that bitcoin price has come to stay above $5000 and will never in its history ever look back to that price again as I can see that FUD news about Bitcoin has really reduced. So the sorry state is over, now is our own cent, because if BTC turns to 1 million dollars now, the price we buy now will be like a cent then.
We are still in a bear market so follow an old rule: risk only what you can afford to lose. Buying the dips = a higher expected return = more risk.
High risk = higher reward that's it. But don't expect if you bought during the dip, your money would grow immediately. That's not how bitcoin works, it is gradually moving forward with the increase that it is making for few months. Very encouraging that the market has been rewarding for those who are buying during the dip. As an investor, you buy and you hold until the market reaches your expected price. Don't rush if the market falls instead you buy it!We can not really say that we can achieve immediately the profits. How can we know if it on the dip? Technical analysis could be helpful. But it does not work all the time. When we've thought we buy at dip, it decreases more. Good thing we can hodl those coins until it pumped.
Maybe we don't know when it's a dip, but we know when the price is down too deep
As long as you can catch the opportunity to see the lower price than before, then that will be another dip on the price so you can place an order buy. But that is not guaranteed to be a dip price because the price could go up or down later and no one knows about that. Don't worry if the price is down again after we buy because, in the end, the price will back to increase again.
I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.
Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.
Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.
watching for withdrawals isn't enough. they are withdrawing bitcoin from that address regularly. that is what an exchange cold storage is for! to store funds and then withdraw them when needed.
for example in the past 5 months they have withdrawn 62k bitcoin or ~$300 million
that is the same amount of bitcoin withdrawn in October 2018 alone (ie in one month)!
don't forget that we are half on the rise and half in accumulation phase where whales have been constantly buying bitcoin and cashing out to their cold storages.
I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.
Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.
Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.
I have read a certain post from a well-known cryptoer in social media that says "better to lose money in cryptocurrency (particularly bitcoin) than entrust them in banks", something like that. This simply signify the trust he has in cryptocurrency and it is true we must grab every opportunity during these low season so the same mistake that people did earlier will not be repeated again. Even myself is sorry for committing the same mistake in not taking advantage in the opportunity when bitcoin was only few cents dollar.
Most people never have issues with keeping money in the bank unless its for illegal purposes. There are millions of people that use a bank everyday and they don't have issues with getting their money frozen or confiscated.
What he says doesn't make sense, why is it better to lose everything in bitcoin than put your savings in a bank. Sure the inflation is high and it will lose money over time but its protected and insured by the government in case anything happens.
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