Don’t buy on every dip, because you can’t know if the price will dump again. Buy when you’re done with your analysis and already have your target profit. I buy right now because I want to have at least a short term profit, itd better if you increase your holdings when the price dumps dipper. We want to have a coin at a cheaper price but if we wait too much, we might miss the chance of buying now.
A positive and effective way of thinking even though not many people choose it. The waiting psychology has made many people miss good opportunities to earn profits, so they will wait and wait.
Topic: Buy the DIP, and HODL! - page 548. (Read 108199 times)
Question is where is dip? When bitcoin was on $3.1K then few people's had predicted it would go $2K. And I think lot of people's were waited for that.
When everyone expects the same thing, the opposite usually happens. This is a case in point. In December/January, almost everyone thought lower prices were coming. So naturally they sold. Once everyone sold there was no more supply left in the $3,000s so the price started rising. And for the past couple weeks, we're now seeing all those sellers and shorters buy back after seeing the market move against them.
This is why I'm a market contrarian and why I'm always trying to measure peoples' sentiment.
i disagree.
in fact i have seen many cases that when everyone expects the same thing, that thing always happens. for example take the last year. there was no reason for the bear market this time to last this long but it did. why? because everyone (or basically the majority) were convinced that there is a "cycle pattern" to bitcoin which should be exactly like 2013.
also you shouldn't confuse what people say online with what they really think. there were thousands of comments online saying price will fall to $1000-$2000 but that was never what they really "thought". they were spreading FUD while they knew it is not going to go any lower that is the reason why it didn't go lower apart from the strong buy support.
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
Invest on every dip but its hard to see a more cheaper price now because the price are already started to pump. Its a wasted opportunities for those who don’t invest during the price of $3k level with bitcoin, I’m guilty fot this one since I was not able to get some funds before. Now, all i can do is to wait for another dump price or force myself to invest now.For me, anytime you can invest then wait if your profit was there then it's up to you if you cut your profit. You can't exactly know the possible happen in the market because that is not predicted. Here is my advice, invest and wait for your gain.
There's no timeline for when we should wait for the perfect time of price gradual pumps to initiate. If you wanted to grab the opportunity of saving cheaper coins at your wallet, you can do it through buying at your own freedom. Nobody will force you to do that, unless you're too aggressive without analyzing the situation. Yes, the market remained unpredictable until such time greener days will again put back as norm. Buying every dip is an assurance for the future market recovery, so taking more waiting time definitely the biggest challenge ever to make before experiencing success.
Don’t buy on every dip, because you can’t know if the price will dump again. Buy when you’re done with your analysis and already have your target profit. I buy right now because I want to have at least a short term profit, itd better if you increase your holdings when the price dumps dipper. We want to have a coin at a cheaper price but if we wait too much, we might miss the chance of buying now.
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
Invest on every dip but its hard to see a more cheaper price now because the price are already started to pump. Its a wasted opportunities for those who don’t invest during the price of $3k level with bitcoin, I’m guilty fot this one since I was not able to get some funds before. Now, all i can do is to wait for another dump price or force myself to invest now.For me, anytime you can invest then wait if your profit was there then it's up to you if you cut your profit. You can't exactly know the possible happen in the market because that is not predicted. Here is my advice, invest and wait for your gain.
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
Invest on every dip but its hard to see a more cheaper price now because the price are already started to pump. Its a wasted opportunities for those who don’t invest during the price of $3k level with bitcoin, I’m guilty fot this one since I was not able to get some funds before. Now, all i can do is to wait for another dump price or force myself to invest now.
The way to know the dip is by pattern like a number sequence, you go on the low but a rising low and hence it is bullish even if its lower then recent action; so long as its higher then the previous low over the longer time period. The market reacts strongly in the shorter term but the longer term trends are like steel struts that frame the intraday action. Ditto the highs, each is slightly higher and this is all bullish or can be drawn as a channel.
I will see if I can conjure up a chart, sadly I dont have my old chart because it was alot neater. I was told once a good trend can be explained with crayons, good I hope so because thats all I got.
So its messy but I'm trying to outline the backbone to this trend started in Feb with a pattern of rising lows. Now we elevate and it becomes more tricky to judge imo, ironically its also more popular now at a higher price I think
I think this is possible if we react badly to 6500 and also some bad news perhaps, a combo effect.
I will see if I can conjure up a chart, sadly I dont have my old chart because it was alot neater. I was told once a good trend can be explained with crayons, good I hope so because thats all I got.
So its messy but I'm trying to outline the backbone to this trend started in Feb with a pattern of rising lows. Now we elevate and it becomes more tricky to judge imo, ironically its also more popular now at a higher price I think
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This of course does not rule out the possibility that we will not see price under 4000$ again, but only in case this is bull trap.
I think this is possible if we react badly to 6500 and also some bad news perhaps, a combo effect.
How can we exactly know if the price really in the dip? I know most of you buy altcoin when you think its alrealy in the dip but then aftee you buy the price must go down again. Buying every dip is a good move because you can earn a good profit by just holding it then wait for the price back to normal.
I want to buy in dip because it's affordable and I can buy more that to high price. Some of cryptocians do that and in crypto that's the best way if you can buy in highest price wait the dip then buy it. I think there's no problem about buying in every dip as long you manage well.
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Buy the dip, and HODL! You do not want to end up empty handed on the next cycle,
You dont have to hold indefinitely. The advice of buying on the dips is totally sensible, buy into the most negative pricing within what could be a longer term bullish trend. But also you could take profits on the peak pricing opposite to the dips.
Buy the dips sell the peaks, hold just some of the profits is more conservative advice and hope to have the good sense to realise a strategy as sound as that because it will reduce risk and maybe improve profits
For me, what make it difficult is when i decide dip price of bitcoin and buy it. Maybe if someone or people already know it can share it here. Because dip for every person maybe different and it can down again after people buy bitcoin.
You cannot do that because you cannot predict the bottom. What you can do, is for say every 500 down, you buy. This is cost averaging. Every 500 down you accumulate and every 500 up you make a profit.
This is what most short term trader do, and this is why we should not panic at every price decrease we see, if people sell, the market will definitely experience a decrease in price of BTC because of this type of activity but will not take too long to experience its increase back. So rather than lamenting every time about when bitcoin will hit bull run or not, we can just continue to do what you advised till the time comes.
Question is where is dip? When bitcoin was on $3.1K then few people's had predicted it would go $2K. And I think lot of people's were waited for that.
When everyone expects the same thing, the opposite usually happens. This is a case in point. In December/January, almost everyone thought lower prices were coming. So naturally they sold. Once everyone sold there was no more supply left in the $3,000s so the price started rising. And for the past couple weeks, we're now seeing all those sellers and shorters buy back after seeing the market move against them.
This is why I'm a market contrarian and why I'm always trying to measure peoples' sentiment.
Question is where is dip? When bitcoin was on $3.1K then few people's had predicted it would go $2K. And I think lot of people's were waited for that. Same thing repeating on every zone. Determine dip isn't really easy task. That's why whenever you are able to buy just buy it. I really didn't waited for dip really. Still if I have fund then I will think current price is current dip.
that is the question that you will always ask and there is never any answers for it and yet you have to ask it.
the only thing that can be done is "speculation"! meaning when price is at $X you start analyzing and try to predict whether there is any chance of more drops or not. and you have to do that ON YOUR OWN instead of reading what other FUDsters are saying about price drops to dumb levels like $2000!
then if you came up with a low chance, then that price is the bottom and you should buy with confidence.
Its not a good idea to buy in every dip, you don't know when is the time the price will bounce back, so maybe you will need a long time to make profit, and if you buy in every dip you will need huge capital, its better to follow the trend and find the moment to buy, don't recklessly buy every time the price fall down, it will be hard to make profit using that strategy
Question is where is dip? When bitcoin was on $3.1K then few people's had predicted it would go $2K. And I think lot of people's were waited for that. Same thing repeating on every zone. Determine dip isn't really easy task. That's why whenever you are able to buy just buy it. I really didn't waited for dip really. Still if I have fund then I will think current price is current dip.
We barely recovering from the longest bearish market in history, there's nothing to tell if it's going to end sooner or if its going worst deeper like last time. there's no one can tell If the dip today will not gonna go even too deep tomorrow. but if you think the dip will not gonna go down any further then its up to you whether you gonna buy or not. If the price will goes up after you buy then you made a right decision if not then don't blame anybody but yourself.
Of course, everyone did i think unless it's their first time to invest in cryptocurrency. But everyone should buy every dip because the bull run will just be going to happen once in a while and nobody knows when it is. So better be prepared than sorry when the bull market starts you might regret the time that you saw the price really too cheap but you ignore it because you don't believe it will grow.
..it is easy to say to buy every dip but somehow difficult to execute,,for it is really hard to release your Bitcoin holdings and acquire profit specially for me,,because i really have difficulties in my TA which proves me wrong in my decision making and it all ends up for nothing..and this also proves me that there is only two ways on how to become successful,either to become a full time trader that always gaining success in all decisions wether it is long term or short term..or a long-term investors who also gains in a long run..
The peak of the next cycle will be VERY high. Anything under $10,000 should be considered as cheap coins to me. Obviously we could still see sub $3,000 so the chance is there for cheaper coins still. I’d personally rather not sit on the sidelines waiting for a price that may not come.
The time we talked about how anything under 1000$ per bitcoin is cheap coins was not so long ago, and today I can agree with you that anything under 10 000$ is pretty good investment. But while there is the possibility for lower price then today, people will wait and set buying orders under 4000$ in anticipation of a new drop.
For me personally trend can move in both directions, but as we get closer to next halving prospects for slow growth are increasing. This of course does not rule out the possibility that we will not see price under 4000$ again, but only in case this is bull trap. Period of accumulation lasts for a while, and it would be realistic to expect that the whales accumulated enough.
there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
It matters. Buying the dip is more efficient, you can buy more, and it supports the price whenever the whalecumulators are dumping hard on our faces. Enjoy the aroma, sooner or later they'll find out that selling is a mistake.
of course everyone wishes to get the best offer possible when they are buying anything specially as an investment but as in investor you don't have that luxury all the time. for example imagine you were putting something like 5% of your paycheck every month into bitcoin. when you get paid you can't just sit around waiting for a dip to occur to buy bitcoin with it, you just buy it because waiting around can mean a rise or not change at all too.
That's what I used to do. But it's better to place a low bid, especially when the market has lately been more predictable.
In the current market situation, I believe placing bids spread on $4,500 - $4,700, waiting for the Bart Pattern to complete, is better than buying on market.
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