Buy the DIP, and HODL! - page 598. | Bitcointalksearch.org

michellee

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Quote from: Moiyah on May 08, 2019, 09:05:41 PM

Quote from: passwordnow on May 01, 2019, 05:03:26 PM

Quote from: nik009 on May 01, 2019, 02:45:29 AM

We are still in a bear market so follow an old rule: risk only what you can afford to lose. Buying the dips = a higher expected return = more risk.

High risk = higher reward that's it. But don't expect if you bought during the dip, your money would grow immediately. That's not how bitcoin works, it is gradually moving forward with the increase that it is making for few months. Very encouraging that the market has been rewarding for those who are buying during the dip. As an investor, you buy and you hold until the market reaches your expected price. Don't rush if the market falls instead you buy it!

We can not really say that we can achieve immediately the profits. How can we know if it on the dip? Technical analysis could be helpful. But it does not work all the time. When we've thought we buy at dip, it decreases more. Good thing we can hodl those coins until it pumped.

Maybe we don't know when it's a dip, but we know when the price is down too deep Wink

As long as you can catch the opportunity to see the lower price than before, then that will be another dip on the price so you can place an order buy. But that is not guaranteed to be a dip price because the price could go up or down later and no one knows about that. Don't worry if the price is down again after we buy because, in the end, the price will back to increase again.

Herbert2020

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Quote from: Wind_FURY on May 09, 2019, 02:14:07 AM

I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.

Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip. Cool

watching for withdrawals isn't enough. they are withdrawing bitcoin from that address regularly. that is what an exchange cold storage is for! to store funds and then withdraw them when needed.
for example in the past 5 months they have withdrawn 62k bitcoin or ~$300 million
that is the same amount of bitcoin withdrawn in October 2018 alone (ie in one month)!

don't forget that we are half on the rise and half in accumulation phase where whales have been constantly buying bitcoin and cashing out to their cold storages.

Wind_FURY

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I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.

Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip. Cool

adaseb

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Quote from: Chikitita2004 on May 08, 2019, 01:28:56 PM

I have read a certain post from a well-known cryptoer in social media that says "better to lose money in cryptocurrency (particularly bitcoin) than entrust them in banks", something like that. This simply signify the trust he has in cryptocurrency and it is true we must grab every opportunity during these low season so the same mistake that people did earlier will not be repeated again. Even myself is sorry for committing the same mistake in not taking advantage in the opportunity when bitcoin was only few cents dollar.

Most people never have issues with keeping money in the bank unless its for illegal purposes. There are millions of people that use a bank everyday and they don't have issues with getting their money frozen or confiscated.

What he says doesn't make sense, why is it better to lose everything in bitcoin than put your savings in a bank. Sure the inflation is high and it will lose money over time but its protected and insured by the government in case anything happens.

Moiyah

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Quote from: passwordnow on May 01, 2019, 05:03:26 PM

Quote from: nik009 on May 01, 2019, 02:45:29 AM

We are still in a bear market so follow an old rule: risk only what you can afford to lose. Buying the dips = a higher expected return = more risk.

High risk = higher reward that's it. But don't expect if you bought during the dip, your money would grow immediately. That's not how bitcoin works, it is gradually moving forward with the increase that it is making for few months. Very encouraging that the market has been rewarding for those who are buying during the dip. As an investor, you buy and you hold until the market reaches your expected price. Don't rush if the market falls instead you buy it!

We can not really say that we can achieve immediately the profits. How can we know if it on the dip? Technical analysis could be helpful. But it does not work all the time. When we've thought we buy at dip, it decreases more. Good thing we can hodl those coins until it pumped.

Chikitita2004

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I have read a certain post from a well-known cryptoer in social media that says "better to lose money in cryptocurrency (particularly bitcoin) than entrust them in banks", something like that. This simply signify the trust he has in cryptocurrency and it is true we must grab every opportunity during these low season so the same mistake that people did earlier will not be repeated again. Even myself is sorry for committing the same mistake in not taking advantage in the opportunity when bitcoin was only few cents dollar.

sana54210

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Quote from: DoublerHunter on May 06, 2019, 03:07:33 AM

Quote from: StarofBTC on May 06, 2019, 02:06:22 AM

We can only buy at every dip when we have money, but it is really worth it when one have the opportunity to do so, it will give one huge return on investment when the investment become very mature.

If we have the willingness to buy then we can, no matter if we are in a dip market situation or not as long as we want to invest and wanted to have profit. There's no such time when we can buy and how to know if we are in a market dip as long as our profit was there from the time that we've purchased bitcoin. Every time we have seen the market painted with red we can consider that as a dipping market and buy as much as you can.

Everyone desires to do this but the opportunity is cost, that is what he is trying to say, we all desire to always buy anytime the market is red but sometimes we get stock because of lack of fund, and since bitcoin is not the only investment one is investing his money into.

It would have been easier to do so, if every time there is a dip, one can get money from other investment after profiting to buy, but the other investments too still relies on bitcoin to rise before they can pay one. The only people that will be lucky to do this are newbies that are just coming into the market with fresh money and does not have any of their money tied anywhere.

DoublerHunter

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Quote from: StarofBTC on May 06, 2019, 02:06:22 AM

We can only buy at every dip when we have money, but it is really worth it when one have the opportunity to do so, it will give one huge return on investment when the investment become very mature.

If we have the willingness to buy then we can, no matter if we are in a dip market situation or not as long as we want to invest and wanted to have profit. There's no such time when we can buy and how to know if we are in a market dip as long as our profit was there from the time that we've purchased bitcoin. Every time we have seen the market painted with red we can consider that as a dipping market and buy as much as you can.

StarofBTC

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Quote from: GregH37 on May 04, 2019, 07:46:37 AM

Large investment usually should be done at once because not many people will have the money to always buy much at every dip, and as you said, buying at dip should be an advice for people that are buying little by little. Within 2 weeks ago, bitcoin has had about 3 dip, and even if its $2000 an investor has bought those times, I am sure by now, there would have been a climb of at least $400 on the investment.

This strategy is actually not for an investor, it works more for crypto traders that are always in the market most times to monitor the price of bitcoin and using analysis to trade their coin.

Hmm, there is true sense in your talk, one cannot keep buying every dip because of financial constraints, even right now, there are so many people that have heard of Bitcoin investment but still does not have any money to make move to buy the coin, and the one that has managed to buy at one point, struggled to do so, depending on the economy of the pocket.

We can only buy at every dip when we have money, but it is really worth it when one have the opportunity to do so, it will give one huge return on investment when the investment become very mature.

STT

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Doubt is bullish so long as its a regular feature that has been part of the price rising previously then you should hope it remains similarly now. Also I agree on the rush being a negative just as a great fall without hesitation is a reason to suspect this price area is a weakness, a kinda of vacuum that will more likely be filled such has been true for the 4200 to 5000 area. This section of price was not especially traded on the way down hence we moved far more easily through this area then the approach to it from the bottom price of December 2018.

A strong price needs regular exchange and ideally a mix across a broader population then just people who participant and speculate on the exchanges, ideally users should determine prices more then any other part of the network

2chase

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The fact that there are a very large number of people who still doubt that bitcoin is the future of world money - is even good, in my opinion. If every man on the planet knew about it, everyone would rush to buy Bitcoin, and no one would have a chance to get rich Grin

GregH37

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Quote from: maydna on May 03, 2019, 03:04:06 AM

Quote from: Ronyx on May 02, 2019, 02:06:09 PM

That will require large capital if you buy in each decline, but the problem is difficult to determine the lowest decline to buy, and that depends on the courage in speculating.

I don't think so because, with money management, you can manage how much money you should use to buy in every dip, so you still have another money to buy again if the price continues to go down. That will work well for you but only if you buy on less than 5 coins and you only have a limit budget.

But if you are too greedy, and want to buy almost all potential coins in the dip, then, of course, you will need a big capital to buy the coins in every dip. That will make you difficult to determine which coins you should buy because you want to buy all of the coins in every time the price is on the dip.

Large investment usually should be done at once because not many people will have the money to always buy much at every dip, and as you said, buying at dip should be an advice for people that are buying little by little. Within 2 weeks ago, bitcoin has had about 3 dip, and even if its $2000 an investor has bought those times, I am sure by now, there would have been a climb of at least $400 on the investment.

This strategy is actually not for an investor, it works more for crypto traders that are always in the market most times to monitor the price of bitcoin and using analysis to trade their coin.

maydna

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Quote from: Ronyx on May 02, 2019, 02:06:09 PM

That will require large capital if you buy in each decline, but the problem is difficult to determine the lowest decline to buy, and that depends on the courage in speculating.

I don't think so because, with money management, you can manage how much money you should use to buy in every dip, so you still have another money to buy again if the price continues to go down. That will work well for you but only if you buy on less than 5 coins and you only have a limit budget.

But if you are too greedy, and want to buy almost all potential coins in the dip, then, of course, you will need a big capital to buy the coins in every dip. That will make you difficult to determine which coins you should buy because you want to buy all of the coins in every time the price is on the dip.

ancafe

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Quote from: fourpiece on May 02, 2019, 04:57:24 AM

Every dip is an opportunity for those who suffered from massive loss when bear has market started since last year. How i wish they will use this dip to recover on what they have loss.

well, dip might be an opportunity for those who want to buy at a cheap price. however, basically we cannot buy every dip that occurs, because it also needs a strategy to sell it at a higher price. maybe buying it is okay, but we need to know the potential of the assets we buy.

talkbitcoin

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Quote from: exstasie on May 02, 2019, 04:15:23 AM

Quote from: talkbitcoin on May 02, 2019, 03:54:22 AM

Quote from: nik009 on May 01, 2019, 02:45:29 AM

We are still in a bear market so follow an old rule: risk only what you can afford to lose.

i am wondering what your definition of a bear market is? because with this statement which i quoted here you are saying that if the price rises about 70% in 4 months then that rise means we are in a bear market!

Another way of putting it is this: we are still down 73% from the ATH. While I agree with analysts that see preliminary signs of a long term bottom, this is a far cry from a bull market. At this point, it's indistinguishable from a bull trap.

Take last year for instance. In February we bounced from $5,9xx to $11,7xx. Nearly a 100% move! Was it a bull market? Of course not!

We probably need several more months of price action to flesh out an accumulation range and see support tested and held by the bulls. After that, we'll see clearer signs of a bull market in the charts.

if you are going to go back then go back further not to ATH Wink

meaning we are up 2700% in 4 years.

as for the bull run, i agree. it is not technically possible to call this a bull run but you can not compare it with what happened in February because that was a legit downtrend from the ATH and the rise from $5.9k to $11k was a "correction" of sorts because of the huge drop (a sharp V curve). but this is a rise after an accumulation phase (a flat line).

Ronyx

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That will require large capital if you buy in each decline, but the problem is difficult to determine the lowest decline to buy, and that depends on the courage in speculating.

Johnzky

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Quote from: Wind_FURY on April 17, 2019, 01:07:48 AM

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

Well many of us is at this point from 2018 since many thought that it was the dip not until we reached the lowest of $3000

Though i personally purchasing still whenever i have extra money to add in my holdings and never thought of selling in this point in time,considering that we have a good growth now yet this is not enough reason to release some of my coins

fourpiece

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Every dip is an opportunity for those who suffered from massive loss when bear has market started since last year. How i wish they will use this dip to recover on what they have loss.

exstasie

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Quote from: talkbitcoin on May 02, 2019, 03:54:22 AM

Quote from: nik009 on May 01, 2019, 02:45:29 AM

We are still in a bear market so follow an old rule: risk only what you can afford to lose.

i am wondering what your definition of a bear market is? because with this statement which i quoted here you are saying that if the price rises about 70% in 4 months then that rise means we are in a bear market!

Another way of putting it is this: we are still down 73% from the ATH. While I agree with analysts that see preliminary signs of a long term bottom, this is a far cry from a bull market. At this point, it's indistinguishable from a bull trap.

Take last year for instance. In February we bounced from $5,9xx to $11,7xx. Nearly a 100% move! Was it a bull market? Of course not!

We probably need several more months of price action to flesh out an accumulation range and see support tested and held by the bulls. After that, we'll see clearer signs of a bull market in the charts.

talkbitcoin

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Quote from: nik009 on May 01, 2019, 02:45:29 AM

We are still in a bear market so follow an old rule: risk only what you can afford to lose.

i am wondering what your definition of a bear market is? because with this statement which i quoted here you are saying that if the price rises about 70% in 4 months then that rise means we are in a bear market!

Topic: Buy the DIP, and HODL! - page 598. (Read 122360 times)