Topic: Buy the DIP, and HODL! - page 577. (Read 123133 times)

So for 13k there was a good resistance level so any fall below could be a good buy as it will bounce back and you can make some good profits if you are a day trader. Many would be making some short-term profits now with the daily some swing in the markets, and this market is more good for speculators if get the right direction.

I think it is not about ability to bear the losses, it is about the ability to understand the price action and market structure. Buying at the dips are not always the good strategy, it is really depends on what kind of trader are you. I'm more on momentum trades so I only buying when the prices are breaking out and exiting if there will be a weakness. Buying at the dips are most likely for the swing traders who have guts to buy when the market is fear. It can be called as good strategy but the thing is it should be done with proper risk management. Your ability to bear huge losses will lose its value if you do not habe good eisk management skills. HOLD is not for everyone, trading is not also for everyone. Choose a strategy that is fitted with your skills and characteristics.

Bitcoin has been around for more than 10 years and if you look at the history of the chart over the years, bitcoin has always fought and broke the resistance line and it happened many times.

If you mean altcoins, then it's probably 100% correct. The bear market is what determines that altcoin whether it will bounce along with bitcoin or keep dipping and not return to the surface until people will no longer see them.

Your example sucks because there is ONLY a 1.5% spread between your buy and your sell prices.

And, really the OP and the title of this thread does NOT refer to selling even being beneficiary, so you are extrapolating more into this particular topic if you believe that incorporating selling into your practice could still work for the subject matter of this thread.

Personally, I am not against some small amount of selling - however, I do believe that a lot of benefits can come to a lot of people coming into bitcoin if they first attempt to focus on their buying and their HODLing way before they even begin to think about selling any bitcoin..

In other words, get one part of the formula correct before attempting to apply some kind of more advanced technique.

The buying on dips and holding is NO whimpy formula... You can become rich as fuck by merely focusing on that aspect of the formula... so let's talk about that, first.  What might be your accumulation goal?  Have you met it by engaging in buying on dips and HODLing... Once you achieve those buying and accumulation goals then maybe consider selling or entering the realm of selling.. and thereby going to some other thread to talk about those selling dynamics that are not the focus of this thread.  AmInotkoreck? 

Sure, another approach to accumulating bitcoin might be to incorporate both buying and selling.. but that is not what is being discussed in this thread.. that is a different strategy than what is being proposed in this thread.. and therefore likely a different topic, too.

With bitcoin it is quite hard to calculate the dip, because the price will change every minute. When we predict the market to fall to $13000 and make a buy order. It gets executed by $13000, and soon after when we try to sell for $13200 the market drops even low. This is what it is must to have better understanding and make buying and selling else we need the ability to bear the loss.

Lol we have our different treat in Buying and it is much better to buy in Deep when you are willing to keep the holding until the market recovers and make your own desire value.
so best is to decide for your desire first before buying.
You are also correct about being Bag holder but for me?it is much better than a loser.
If you have no enough amount to invest and not willing to risk?then don't be in crypto because this place is for tough and strong character only.

Buy the dip? not a good idea if you dont know the market. If you try to buy dip during a bear market, believe me that there will be deeper dips. and you will be a bag holder.

Exactly, 10 years ago Bitcoin was just an experiment and so few people even knew some basic information about it. First users were enthusiasts and believers but they were also risking s lot because no one couldn't predict that Bitcoin will come this far. Back then no one wasn't thinking about enormous profit and calculated things so far ahead, except maybe just a few visionaries.

The risk was extensively HIGHER 10 years ago, because no one knew what Bitcoin was, is going to be, or if there was going to be users, or if it actually was going to be useful.

Plus think of 10 years ago, who was this Satoshi Nakamoto? No one knew. "Was he a scammer?" Hahaha.

You can go back historically and look at what would have happened if you had invested a set amount; however, the dcabtc website only allows you to go back 9 years - but still shows stupendous profits for that period in BTC.. especially compared with other investments such as gold and stocks.

I wonder how much could a person have gain if they had done it from the very start and I think it is risky to do now.
But if you are one who truly believes that Bitcoin could hit $100k in the future or more then it could be worth it for you guys but always remember that invest only what you could afford to lose.
I plan on doing an investment plan like daily investment with x amount of dollar or maybe weekly or monthly but this could also be a good one.

Probably the most important thing here is not a strategy, but a time frame, within which you are ready to hold your bitcoins!
Suppose that you bought a bitcoin now at 13K... Do you have enough patience to sell it at 15K in a few years? Especially if it goes down to 7K a few times...

I agree with you, it will be difficult to predict especially if we only have a little money and buy when the price is still going down again.
however, having the most capital will benefit the most here.

Less and less miner sell-pressure, because of Gray Scale's quarterly increase of whole purchases.



Have we seen the last of the dips/crashes below $10,000? I believe, "Buy every dip, and HODL", will become, "Buy NOW, and HODL".

The future of Bitcoin is still a secret, but the mass adoption is clear for Bitcoin and cryptocurrencies,
this is what makes me excited for a long-term HODL bitcoin, just like you,
2021-2023 might be the price of bitcoin to be the highest, hope can be true

Holding Bitcoin for a long time will not disappoint if we sell it when the selling price has increased. From year to year, the price of bitcoin has been getting higher since its inception in 2011, we know the price was still $31 and now we are waiting for the ATH price of bitcoin, whether it’s 2021, 2022, or 2023, who knows.

what coin are you talking about ? you better say a name because there are coins that are growing non stop like btc but there are those that already stop pumping or in short they have died already .

for the majority of crypto , saying that they start to rise now sounds bad because its like your only after on the price increase but you dont appreciate thier down side

. a true crypto believer wont think of that but they should buy and hold without questioning the coin or invest on any condition .

Happened yesterday too (or day before, can't recall well) on futures. People saw stocks being bought up at bargain prices, and they saw how Bitcoin's been correlating well, so they piled on the orders on Bitcoin futures too. And then believing that they were embarking on some kind of misled strategy.

It's okay to do that too, but important to recognise when we're acting on sentiment and emotion and not confused that this leads to a sell, for profit or loss, not for delayed gratification.

This is how new people start. Price is rising now it looks good, so let's buy more now. So called FOMO.

You should have a plan and then follow it, learn more first before acting based on emotions like this.

Read this topic in entirety and check what @Wind_FURY and @JayJuanGee are talking about, it is a chance to learn. I lurk this topic religiously and don't write, simply because I believe I have much less to write about here then I have to read about.

And just to add something, to be clear, by no means am I a measure of an kind, form or shape of anything.

Price is already starting to rise. We shouldn't sell now because price will hit a big amount very soon. So, we should buy more and hold for future profit.