Topic: Buy the DIP, and HODL! - page 571. (Read 134931 times)

Basically there will always be pros and cons and I agree with what you say, regardless of anything, especially influencers who like bitcoin will definitely make bitcoin something decent and not least some information is exaggerated and vice versa those who don't like bitcoin always have weapons especially when it's bearish like it's currently happening and some other things like when Luke Dashjr lost bitcoin this will continue to galvanize and try to make bitcoin look even worse.
We don't need other people's views, we are aware of the risks we have while we are here and we also know what the consequences and benefits are when owning bitcoin so why care what other people say.

The point is that everyone has their own views on bitcoin, especially those who listen to bitcoin from banking influencers who are deliberately made to defend their financial system and of course those who don't know bitcoin are sure they will hate bitcoin after listening to that.
Never mind, don't pay too much attention to them, they will understand when the next bitcoin owner will become the richest person in the world, what we need now is to continue to accumulate bitcoin for the long term, today bitcoin corrected 1-2%, not bad for bitcoin installments.

let them continue to mock Bitcoin, isn't that a strong reason that they are really stupid in understanding what bitcoin is.

indeed, in every business or industry, there are always pros and cons, and the same thing happens in cryptocurrency. but every year bitcoin is always able to steal the world's attention and this is what makes it unique.

maybe a few words from me if you meet people who say bad things about bitcoin you can suggest them to learn more about bitcoin.

In fact, BTC is increasingly being criticized, ridiculed, ridiculed, in fact the enthusiasts and community are getting stronger. In my opinion, these pros and cons will never fade until the same mindset is created in the future. BTC has lasted more than a decade, which means that BTC's presence has been quite accepted by some circles. I'm one of those people who pretty much believes BTC is going to grow and have been investing for the past five years.

Currency fight is not the first time this has happened. In the past, humans were familiar with bartering transactions, then gold and silver, then fiat money and now human civilization has entered the cryptocurrency era.

Well there are at least a couple of kinds of common dilemmas that are going on.  One kind of dilemma is for the newbie who is having difficulties having confidence in bitcoin as an asset class, and surely, if that person is a low coiner or a no coiner, then s/he should just be buying on a regular basis and not really getting worked up about the price.  Like you said maybe saving some extra money for buying on dips that might happen, but really just regularly and ongoingly buying with any extra money.. and that condition has been great prices for more than 7 months, so far.. .. since historically the BTC price has not spent a lot of time below the 200-week moving average.. Historically, it has not been a common kind of price dynamics in bitcoin.

The other somewhat common kind of dilemma would be for the person who has been in bitcoin for a while, and had been buying on BTC price dips - yet at the same time that person believed that the odds for the BTC price going below the 200-week moving average was quite low, and in that regard, that person might have been buying BTC all the way down from $50k to $30k and then largely ran out of money before the BTC price continued to drop nearly another 50% at BTC price locations that the longer term bitcoiner had thought was going to be at or near the bottom of this price correction.. but then ends up experiencing nearly another 50% BTC price drop and perhaps having some financial and psychological difficulties in terms of being able to continue to buy.. .. and really even feeling some resentment to perhaps ONLY being able to buy small amounts below $20k, when s/he had bought decently large amounts in the mid $30ks and then realizing that all the money spent could have bought nearly twice as many sats...

...so yeah there can be some frustration from some longer term bitcoiners.. and maybe there would be less frustration if compared to some currently reckt (financially and psychologically) folks who had been engaging in leverage an other kinds of extensive riskiness with their bets on going long bitcoin.. so hopefully that kind of person is not as common, but we know that some of the overleveraged an reckt folks exist in bitcoinlandia, too.

It's quite a dilemma in the current position because we haven't touched the 200WMA to continue buying or not, when the price touches the 200WMA thread it will be the next level as strong support and resistance for bitcoin to continue its increase, it may still needs some time to touch that price level.
The fear that maybe bitcoin does not touch the 200WMA, I feel price will experience a correction first around $ 20k - $ 22k .

because yesterday's bull run phase was also quite a dilemma, whether a bull trap or not is important for us to be aware of and not fomo, I think the funds to continue DCA must be divided into two to anticipate several possibilities, first we continue to buy at any price and secondly funds to buy when bitcoins are in decline.

Yes I agree with you on this. I think Bitcoin is a valuable resource for me. I didn't understand Bitcoin before. Now I have a good idea about Bitcoin and I have made a lot of money by investing in Bitcoin on cryptomarket. Through Bitcoin, my life has changed a lot.  .I now believe and invest in Bitcoin.

It's no wonder things like this keep happening. We also have to be aware that with the existence of bitcoin with everything that is there, of course there must be pros and cons and that is very natural.
Regardless of what nonsense they say we just have to focus on our goals. They make this as if bad is their business because we can't prohibit it but that doesn't mean they do it they will also hate it forever because there could be something behind them which is indeed one of the reasons maybe making FUD itself is for their benefit .

I still believe that everyone's behavior is for their own self-interest and we have to be aware of what is in their interest to make this look bad because this could lead to panic and buying at low prices again in the end.
They are free to do whatever they do. We are also free to do whatever we want, including continuing to add to the portfolio we have now amidst the onslaught of FUD bullshit out there.

It's not that strange actually regardless of anything such a condition will obviously exist and even we can't let go of this condition.
Maintaining is something that must be cultivated from an early age because we really shouldn't be aware that conditions like this are only temporary.
When we know what FUD has always done, we must also have the same thoughts there because it is certain that when FUD arrives they will buy it, so why not use this momentum for our own benefit.
Buying is a must in the current condition, but on the other hand, don't let it go before it's time.

We are not talking about trading here.

What we are talking about may well be to consider if we already bought enough on the dip down to $15,479 and maybe considering whether or not that bottom might be in, and another thing might be concerns about whether to buy now (if we have any fiat left) or to wait to see if more dips might come.. Of course, there are no guarantees that we will get further dips, even though we also know that the BTC price never goes straight up without having corrections, but that does not necessarily mean that we should be waiting for a correction right now.

Hopefully most of us are already ahead of our current BTC price move in term of having had over two months (since about early November) in which the BTC price spent most of its time below $19k.. and then we had additionally, several months (since about mid May) that BTC prices were spending a vast majority of the time substantially below the 200-week moving average. 

Currently, we are just getting back to the 200-week moving average, which is currently at $24,617 and historically had served as a BTC price bottom, but may well present resistance until we get over it... Of course, no guarantees and of course, any of us could have dilemmas in regards to whether it is good to buy now or to wait for further dip in the event that further dips may or may not happen in the short term.

I'd say let them have their say, everything else i.e. others alt-coins can be dispelled as hype but not Bitcoin. Bitcoin is far from zero, its price will set at 1 before 5 zero in the near future.
If we see the percentage of holders of Bitcoin gradually increasing, and the need for cryptocurrency to create a decentralized economic system in the future, then Bitcoin will be the most used coin.
And with the increase in usage, the number of users will increase and eventually the price will increase due to the increase in demand when mining is finished. But since its price fluctuates through trading, there will always be volatilities about its price

Recently I come to know that most people saying trash about bitcoin, in their mind they really knows what Bitcoin is, how valuable it is to invest bitcoin . But they do this for their selfish interests, I feel sorry for those who fall for cheap talks about bitcoin and miss a good opportunity that comes with a good benefit.  Bitcoin billionaires they knows the secret of Hodling Bitcoin for the futures.

Of course, those institutional whales who are late to enter the market usually use FUD methods to influence everyone to sell their bitcoins, so that the market becomes turbulent again and they can enter deeper.
It looks like we will receive even bigger FUD in the middle of the road, prepare funds to buy when the decline maybe we have to be prepared and for now we have to hold on tight to our bitcoins because we don't know that the market might not be affected by such FUd.
Keep Hold Your BitcoinBTC

In my opinion, in every trade, everyone wants to get more profit. And the thing that influences it the most is related to psychology. Even though in theory a lot has been mastered, when it comes to the world of trading it is not entirely enough because everyone's psychology is of course different in making every decision.
In trading, there is actually no difference between the rich and the poor, because both have the same goal, namely to make profits, it's just that the psychology of the rich is certainly a little calmer when compared to the poor in dealing with situations that are detrimental to them.

https://www.youtube.com/watch?v=qdIooHrQeK8

Watch Jaime Dimon's face while he tells everyone that Bitcoin is a "hyped up fraud", a "pet rock" that's going to ZERO. DON'T BELIEVE A WORD HE SAYS! Because behind that face is the CEO of J.P. Morgan, the bank that's buying Bitcoin for its wealthy clients. They want the price to be LOW so they can front-run YOU, the plebs. Don't let them do it, don't sell your Bitcoin to the billionaires, YOU should front-run THEM.

Bitcoin is currently trading at $ 21,300, don't be too tempted by this increase, it is still small above the possibility because what we hope is that it has to be even greater to seek profits, still Buy / HODL even though this is in a positive market trend but I still believe this is still at the bottom and we must be ready to buy and buy again BTC.

I believe the 4 year cycle and now 2023 is getting closer to that goal, there are always differences in this but I think with the history of this cycle so we are closer.

Keep what you have, never throw it away.

It really cannot be compared because usually greedy people are much smarter in seeing opportunities, although sometimes they also forget about the risks that they already understand. And this is certainly different from stupid people who are always easier to be deceived by anyone in any case because they tend to easily believe what other people say.

Your own efforts in securing initial capital and trying to gain profits and wealth are absolutely not wrong to do because that is the ultimate goal of everyone in this world. Except for those who no longer care about the wealth in this world. But as long as people still feel they are poor, then that person will continue to seek wealth through the profits they can achieve and that is very reasonable in my opinion.

I agree that possibility of losing Bitcoin in trading can't be ruled out, no matter how expert & experienced trader you are, as markets have their own dynamics, and they often move in the direction which nobody would have predicted. Bitcoin is a precious asset, and we should continue increasing it by buying the dip and holding it with patinence, as patience is a virtue for Bitcoin HODLERS.

most of the big investors in the shocking rise in the price of bitcoin yesterday, they are selling for profit. because big investors usually have a large number of bitcoins and if the price increases by 7% it will be very profitable for big investors. so there's nothing wrong with them selling and buying again when prices start to dump.
 
the satisfaction of holding bitcoin until the price reaches the peak of ATH will be pleasure, satisfaction and happiness if you can be patient and wait. but everyone can't do that

Many longer term bitcoiners are more against the idea of trading bitcoin because it is likely the best of assets that are available, so why would fuck around with the possibility of having less of it by trying to trade it?  That hardly makes any sense, unless you happen to be some kind of an expert or maybe you are just playing the real large price swings so that you are not really trading very often.

There are a lot of shitcoins and other products that you can trade outside of bitcoin, if you believe that you have some kind of talent in that direction, and also we are not even talking about trading in this thread.. so if you at least cannot figure out what we are talking about in this thread and attempt to follow the topic, then you are off topic and should post your ideas in some other thread that deals with that topic (or is at least somewhat more receptive to such topic).