Topic: Buy the DIP, and HODL! - page 588. (Read 122455 times)
What do you guys think to the idea of a continious long sideway/bear market to flush out the halving bulls through pretty much of 2020? Plenty of opportunity to buy some dips then.
Buy in the dip is looks like simple strategy but it is really too complicated. You cannot know if the dip will dip.more or it is the bottom. There are a lot of indicators like moving average and rsi that can help us to create effective decisions. Buying at dip is a counter trend strategy and it is really hard to execute because of the risks.
It is always a simple strategy and if you think that it is too complicated you need to see the expected valuation in bitcoin and the all time high valuation it touched in the past and with halving coming up it is expected that the price would rally a bit from the current situation and if you have that in the top of your mind and have an entry point then you do not need to worry, invest half when the market goes down and then if you see the market going down you can invest according to the support level, understand the support level is always important while investing. Short term looks not too bad, maybe 7600 today.
However slightly concerned that the previous high was a "lower high"...
This is a 7-day chart for those who didn't notice.
However slightly concerned that the previous high was a "lower high"...
This is a 7-day chart for those who didn't notice.
7-day chart doesn't represent anything that should matter. It's what whalecumulators want plebs to look at everyday, instead of zooming out.
I confess that was a big fail (on the short term). Cannot win every time
Still, I expect 6.5k soon as the famous fractal indicated (see Twitter account of @NebraskanGooner). And after that 8k-ish, if everything goes well. so back to my chart 7.6k should be fairly easy again, in the next seven days probably.
Short term looks not too bad, maybe 7600 today.
However slightly concerned that the previous high was a "lower high"...
This is a 7-day chart for those who didn't notice.
However slightly concerned that the previous high was a "lower high"...
This is a 7-day chart for those who didn't notice.
7-day chart doesn't represent anything that should matter. It's what whalecumulators want plebs to look at everyday, instead of zooming out.
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
Actually, it been hard for me to tell if a certain coin goes dip. For example if bitcoins dip I having a second thought if I will buy right away or wait for more dip to come. However, I always ended up buying as the dip comes. I think it is better to buy right away rather than waiting on the big dip that might not come. Buying at low price and then HODL is the best strategy I can think of to survive in this bearish market we have now. No one who bought the dip today will care when Bitcoin is priced comfortably with 6 digits.
I will settle for 5 digits even, might be better to have a steady gain long term. The strategy for buy the dip is best combined with observing previous major turning points which gives us the possibility of higher volume vs market thats already sold hence it can mean a bottom price. It might be required to buy a dip several times, I dont really advocate aiming to buy just once and hope that is for sure the bottom price. Bottom is a process not an event and only known in retrospect, thats advice from a trader I try to remember as we cannot call out one price for sure and know it will be the lowest price just like those a high price can be hard to guess.
I look for trends as that gives a trading gain possibly, a series of low prices is often opposite to a series of highs, hopefully we do get both heading upwards but I continue to keep checking and looking for that confirmation.
5 digits is a dream at this point.
9k is definitely more achievable. Gaining 25% when we are in a bearish trend is a very difficult task, especially during an ABC correction.
But who knows. Anyway, BTC price stays between 6k to 8k until January for sure.
Short term looks not too bad, maybe 7600 today.
However slightly concerned that the previous high was a "lower high"...
This is a 7-day chart for those who didn't notice.
However slightly concerned that the previous high was a "lower high"...
This is a 7-day chart for those who didn't notice.
No one who bought the dip today will care when Bitcoin is priced comfortably with 6 digits.
I will settle for 5 digits even,
Then you will be the happiest HODLER of all, during the next bull rally after the halving. Expect it on 2022, plenty of time to buy the dip, and?
No one who bought the dip today will care when Bitcoin is priced comfortably with 6 digits.
I will settle for 5 digits even, might be better to have a steady gain long term. The strategy for buy the dip is best combined with observing previous major turning points which gives us the possibility of higher volume vs market thats already sold hence it can mean a bottom price. It might be required to buy a dip several times, I dont really advocate aiming to buy just once and hope that is for sure the bottom price. Bottom is a process not an event and only known in retrospect, thats advice from a trader I try to remember as we cannot call out one price for sure and know it will be the lowest price just like those a high price can be hard to guess.
I look for trends as that gives a trading gain possibly, a series of low prices is often opposite to a series of highs, hopefully we do get both heading upwards but I continue to keep checking and looking for that confirmation.
Listen plebs, Bitcoin HODLING is a training on your resolve. The most resolute will be rewarded. Don't listen to FUD, don't be manipulated by the will of the whalecumulators, AND don't be part of the 36%!
if we invest in proper way i am sure we can carry the situation like Bear market ,the problem is many so called"investors" are only here to make instant profit and that made them a loser.we cannot deny that many people here inside crypto market enters the trend because they are being told by someone that this is a profiteering area though thats indeed yet not enough to use as living tools.
because everything will happen in future and not just today instantly
Listen plebs, Bitcoin HODLING is a training on your resolve. The most resolute will be rewarded. Don't listen to FUD, don't be manipulated by the will of the whalecumulators, AND don't be part of the 36%!
if we invest in proper way i am sure we can carry the situation like Bear market ,the problem is many so called"investors" are only here to make instant profit and that made them a loser.we cannot deny that many people here inside crypto market enters the trend because they are being told by someone that this is a profiteering area though thats indeed yet not enough to use as living tools.
because everything will happen in future and not just today instantly
There are dips and there are corrections. to me a dip is 10-20%, a correction 20%-40%, a major correction 40-60%, and over 60% I consider it crashing. this is based on the high volatility of BTC, I'd use different % on stocks. however, i would agree. If you sold after every dip and bought again the follow dip, and sold again before it dips. so till Infinite you will be rich and a perfect trader. if you want to buy at dip and then hold for a long-term. i think the dip is not here yet. it's around $4,800 and we are going to that.
No one who bought the dip today will care when Bitcoin is priced comfortably with 6 digits.
There are dips and there are corrections. to me a dip is 10-20%, a correction 20%-40%, a major correction 40-60%, and over 60% I consider it crashing. this is based on the high volatility of BTC, I'd use different % on stocks. however, i would agree. If you sold after every dip and bought again the follow dip, and sold again before it dips. so till Infinite you will be rich and a perfect trader. if you want to buy at dip and then hold for a long-term. i think the dip is not here yet. it's around $4,800 and we are going to that.
Buy in the dip is looks like simple strategy but it is really too complicated. You cannot know if the dip will dip.more or it is the bottom. There are a lot of indicators like moving average and rsi that can help us to create effective decisions. Buying at dip is a counter trend strategy and it is really hard to execute because of the risks.
Listen plebs, Bitcoin HODLING is a training on your resolve. The most resolute will be rewarded. Don't listen to FUD, don't be manipulated by the will of the whalecumulators, AND don't be part of the 36%!
Buy the dip, and?
Thanks to our friends at Crypto Meme Central.
Buy the dip, and?
Thanks to our friends at Crypto Meme Central.
"If funds are limited", then the only option should be to look for a job, and/or a second job. Suggesting altcoins as a "second option" is stupid.
so what a good suggestion for limited funds? Quote
altcoin can be an option because there are many ways to get money in it. but it's a little difficult to determine which is good.
There's also many ways to lose money in it.risk is always there, the loss is certain, but however we must be able to take risks and of course how to minimize risk.
You don't have a job, but you'll risk what you have left in altcoins? I believe that's called gambling.
"If funds are limited", then the only option should be to look for a job, and/or a second job. Suggesting altcoins as a "second option" is stupid.
so what a good suggestion for limited funds? Quote
altcoin can be an option because there are many ways to get money in it. but it's a little difficult to determine which is good.
There's also many ways to lose money in it.risk is always there, the loss is certain, but however we must be able to take risks and of course how to minimize risk.
You don't have a job, but you'll risk what you have left in altcoins? I believe that's called gambling.
"If funds are limited", then the only option should be to look for a job, and/or a second job. Suggesting altcoins as a "second option" is stupid.
so what a good suggestion for limited funds?
Find a job. Any job, and buy Bitcoin.
Some people here are just joining the campaign, the earning is not that big bu that BTC is valuable in the future.
"If funds are limited", then the only option should be to look for a job, and/or a second job. Suggesting altcoins as a "second option" is stupid.
so what a good suggestion for limited funds? Quote
altcoin can be an option because there are many ways to get money in it. but it's a little difficult to determine which is good.
There's also many ways to lose money in it.risk is always there, the loss is certain, but however we must be able to take risks and of course how to minimize risk.
"If funds are limited", then the only option should be to look for a job, and/or a second job. Suggesting altcoins as a "second option" is stupid.
so what a good suggestion for limited funds?
Find a job. Any job, and buy Bitcoin.
Quote
altcoin can be an option because there are many ways to get money in it. but it's a little difficult to determine which is good.
There's also many ways to lose money in it.
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