Topic: Buy the DIP, and HODL! - page 604. (Read 122350 times)
..it is easy to say to buy every dip but somehow difficult to execute,,for it is really hard to release your Bitcoin holdings and acquire profit specially for me,,because i really have difficulties in my TA which proves me wrong in my decision making and it all ends up for nothing..and this also proves me that there is only two ways on how to become successful,either to become a full time trader that always gaining success in all decisions wether it is long term or short term..or a long-term investors who also gains in a long run..
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 $3,000 so the chance is there for cheaper coins still. I’d personally rather not sit on the sidelines waiting for a price that may not come.
The time we talked about how anything under 1000$ per bitcoin is cheap coins was not so long ago, and today I can agree with you that anything under 10 000$ is pretty good investment. But while there is the possibility for lower price then today, people will wait and set buying orders under 4000$ in anticipation of a new drop.
For me personally trend can move in both directions, but as we get closer to next halving prospects for slow growth are increasing. This of course does not rule out the possibility that we will not see price under 4000$ again, but only in case this is bull trap. Period of accumulation lasts for a while, and it would be realistic to expect that the whales accumulated enough.
there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
It matters. Buying the dip is more efficient, you can buy more, and it supports the price whenever the whalecumulators are dumping hard on our faces. Enjoy the aroma, sooner or later they'll find out that selling is a mistake.
of course everyone wishes to get the best offer possible when they are buying anything specially as an investment but as in investor you don't have that luxury all the time. for example imagine you were putting something like 5% of your paycheck every month into bitcoin. when you get paid you can't just sit around waiting for a dip to occur to buy bitcoin with it, you just buy it because waiting around can mean a rise or not change at all too.
That's what I used to do. But it's better to place a low bid, especially when the market has lately been more predictable.
In the current market situation, I believe placing bids spread on $4,500 - $4,700, waiting for the Bart Pattern to complete, is better than buying on market.
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.
with, its about how you know deeply the project and how you expect the performance after some time of waiting.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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?
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?
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.
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.
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.
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*.
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.
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
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.
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