Buy the DIP, and HODL! - page 549. | Bitcointalksearch.org

Caladonian

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Quote from: jakelyson on April 17, 2019, 11:28:51 PM

Quote from: BitcoinHunt3r on April 17, 2019, 11:15:08 PM

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.

Another type of strategy where knowledge still needed to performed well, this is very useful from skilled traders who can trust the assets that they are supporting with, they simply keep adjusting each fall the market brings them, accumulating and never to doubt the coin that they are surely investing
with, its about how you know deeply the project and how you expect the performance after some time of waiting.

jakelyson

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Quote from: BitcoinHunt3r on April 17, 2019, 11:15:08 PM

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.

pooya87

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Quote from: BitcoinHunt3r on April 17, 2019, 11:15:08 PM

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.

if you are looking for the absolute bottom of the dip then don't look because you will never find it except for pure luck! what you can do however is to place multiple buy orders in a range of prices which you think can be good candidates for being the "bottom". for example when price was going down in $3k area you could have placed orders at $3500, $3400, $3100, $3000, $2900 and get half of them filled.
how big an order in each price level depends on how big a chance you speculate it has of being reached and how big a risk you want to take.

BitcoinHunt3r

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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.

Cherylstar86

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Quote from: ecnalubma on April 17, 2019, 07:56:27 PM

Buy every dip is kind of suicide, but technically you have to analyse every market moves first before you buy anything even if your intentions is the keep your coins for longterm. These strategy don’t always work and most us are aware of that, trading is a decision game I should say.

Every dip is an opportunity for every investors, but it all depend how was the situation affect your deliberation to acquire enough profits. It is too risky to decide, but we have to take the risk if we are aiming to earn enormous profits. Don't be doubtful for every decision you have take, it is about a strategy you created, if you want to earn then spend time to keep holding and if you are doubtful then do not invest, it may frustrate you and lose you as well.

WinslowIII

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I'm sure that those worrying about buying the dips when the price was between $200-$400 gaf about those decisions now. Buying the dips indeed.

ecnalubma

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Buy every dip is kind of suicide, but technically you have to analyse every market moves first before you buy anything even if your intentions is the keep your coins for longterm. These strategy don’t always work and most us are aware of that, trading is a decision game I should say.

pushups44

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I like the idea of buying or accumulating on every dip, but if we are in a new bull market - as it seems - those dips will be rarer. I'll keep adding to my position, but I'm not excepting a drop back to $3,000.

passwordnow

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That feels.
I recently saw someone posted that with price $100,000 - $1,000,000 and 'still waiting for the dip'. They can wait as long as they want and for us who already have it and bought during the dip, we're just waiting for it to skyrocket again. We're all prepared and whenever I have spare cash, no need to buy some useless things instead I'm buying bitcoin during the dips.

jakelyson

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Quote from: adaseb on April 17, 2019, 06:02:33 PM

The issue with buying every dip, is buying the dip too early and experiencing a huge 5% move against you (problem if you are leveraged) or buying the dip too low and missing the actual dip and missing out on the break-out.

You buy the dip to hodl, this advice is not particular to day trading. We know it is hard to predict the lowest point it will go so do not go for the lowest. Just buy when it already sunk. Buy again when it sinks lower. Accumulating every time the price dips because with bitcoin it will always spring back. You just need to have a steel nerve to wait for it.

WinslowIII

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Quote from: adaseb on April 17, 2019, 06:02:33 PM

The issue with buying every dip, is buying the dip too early and experiencing a huge 5% move against you (problem if you are leveraged) or buying the dip too low and missing the actual dip and missing out on the break-out.

I remember it was the same situation back in 2015-2016. Whenever BTC hit new ATHs, it would always have a nasty 5-10% dip and would end up liquidating most over leveraged traders on Bitfinex and then it would hit another ATH a few hours later.

Whenever BTC dips 10% or so, people think its the top, get nervous and sell. While it still makes a new high a few hours/days later.

So its easy to say "Buy the dip" however where exactly do you buy the dip?

Buying the dip requires selling, right? so let's say you sell for a profit, then it goes down a bit then moves past your original sell point then you panic buy back in breaking even or worse - what's the fucking point here? Only trade big moves or accumulate if you are a believer. If you aren't a believer, gtfo because this market will drive you to madness.

Believer to me = someone who sees bitcoin just getting more and more popular and expensive for the rest of their lives. In other words, a lasting asset.
Nonbelievers are the ones who have lost their asses, treating bitcoin like it's a gamble that could go to zero. When bitcoin crosses $20k all believers to that date will be in the black. Nonbelievers will be anywhere between up huge in fiat and totally busted.

So far, bitcoin has taken care of all believers in time, nonbelievers are the ones who get run over. Trusting that this will continue is what makes one a believer.

adaseb

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The issue with buying every dip, is buying the dip too early and experiencing a huge 5% move against you (problem if you are leveraged) or buying the dip too low and missing the actual dip and missing out on the break-out.

I remember it was the same situation back in 2015-2016. Whenever BTC hit new ATHs, it would always have a nasty 5-10% dip and would end up liquidating most over leveraged traders on Bitfinex and then it would hit another ATH a few hours later.

Whenever BTC dips 10% or so, people think its the top, get nervous and sell. While it still makes a new high a few hours/days later.

So its easy to say "Buy the dip" however where exactly do you buy the dip?

leowonderful

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In the short term I've been buying whenever large numbers of liquidations start happening on Bitmex using the site aggr.trade (click for link), which provides a sub 1-minute chart showing big buys and sells, as well as liquidations, and I've been able to buy local bottoms with pretty good accuracy recently.

It's definitely not too late to buy in considering we may very well still be in a bear market, and you'll have time to buy once we break above $6k and when we're more clearly out of the bear market. We could easily be back down to the $4000s with a big red candle in the next few days, still in unclear territory right now.

WinslowIII

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Quote from: klaaas on April 17, 2019, 09:16:37 AM

Start buying at timed intervals, On the long run you increase your stack and got less worries about the price. It will give ease of mind to not check the charts every x minutes ; )

Don't buy on price, buy on your own preset time table. This is brilliant, but few will do it because their egos are too involved.

harizen

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Always buying at the considered dip requires extra ammos. This will be tough for an average bitcoiner.

What makes people refrain from doing buying action during every dip is confusion and doubt. Analyzing the current trend is one of the recipes in making a speculation which will result on next strategy. At most of the cases, if we say today is downtrend, it will be the case that will lasts for long period. But sometimes, people doesn't think of other way around that even how powerful a trend is, it can be reversed anytime.

So what to do now? Trust your judgement if it was properly analyzed. After all, if the purpose is really to HODL for long, people can considered every price level as dipping level*.

itos84

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To identify the dip you can start buying under 33% of ATH. So everything under $6600 USD it’s a good price to enter. It doesn’t matter at what price just buy a constant amount every week. Then when it’s 2x ATH you can sell and have a good return. Don’t get greedy put a clear entry and exit point and do it.

malevolent

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Quote from: LFC_Bitcoin on April 17, 2019, 12:22:16 PM

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.

I’ve been accumulating & adding to my HODL pile again since we went sub $6,000.

Don’t miss the train bro xx

When/if the next cycle comes, sure, right now I don't see why the price should rise in the near future. Pretty much anyone who would be potentially interested in Bitcoin has already heard of it, or bought some, and I don't think the fundamentals are there for a higher moon until at least the lightning network is more usable, or when we start getting closer to the next Bitcoin block halving about a year from now.

Alpinat

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Yes I will do it every time. Buy every dip and hodl for your future. As of today the value of any coin in the market is not that high and not good. In the future I am expecting that the value of every token will increase and make the status of market in balance again.

LFC_Bitcoin

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Quote from: malevolent on April 17, 2019, 12:18:43 PM

Quote from: DeathAngel on April 17, 2019, 12:05:56 PM

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.

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.

I’ve been accumulating & adding to my HODL pile again since we went sub $6,000.

Don’t miss the train bro xx

malevolent

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Quote from: DeathAngel on April 17, 2019, 12:05:56 PM

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.

Topic: Buy the DIP, and HODL! - page 549. (Read 108199 times)