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Topic: Buy the DIP, and HODL! - page 631. (Read 130532 times)

hero member
Activity: 2982
Merit: 610
May 15, 2019, 09:08:19 PM
You don't always need to find a massive dip to get a good entry. Look for areas of potential support, and once you've identified some of them, place buy orders near those support areas and you'll have set yourself up to potentially have good entries in the near future. Might take you some time to find one of these areas, but once you get good at finding 'em, you'll get better at finding trade entries as a whole too.
Correct, however these people are looking for dip because they want to earn more.
Looking for the support when buying is only for short term traders, and since most of us here are for long term, we should know the dip to maximize our income.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
May 15, 2019, 08:38:21 PM
You don't always need to find a massive dip to get a good entry. Look for areas of potential support, and once you've identified some of them, place buy orders near those support areas and you'll have set yourself up to potentially have good entries in the near future. Might take you some time to find one of these areas, but once you get good at finding 'em, you'll get better at finding trade entries as a whole too.
sr. member
Activity: 798
Merit: 268
May 15, 2019, 06:46:39 PM

There are no dips anymore on the menu.


There will be after FOMO, and it's now going FOMO. I will give it 3 days more of green, long, parabolic candles before another dip.

Get ready. Cool
Its been 5 days now and there’s no big dips, so i think they have no choice now but to enter in the market as much as possible. This is a bull run and don’t expect a cheap dumps do look at the chart and you can see its going up now and there’s no turning back. They will be dipa but on a higher price for sure.
sr. member
Activity: 826
Merit: 256
May 15, 2019, 06:42:06 PM
I think it will depend on the coin you are going to buy because some of them takes time before they eventually go up. Double down is one of the effective method to earn profits after buying a coin in several dips but be sure that the coin has a potential to reverse its trend after several dips. Altcoins like bnb and ethereum are also good to buy every dip in this time where market is bullish.
STT
legendary
Activity: 4102
Merit: 1454
May 15, 2019, 05:10:00 PM
Buy into the rise is more sensible, everyone is guessing when they try to describe the price.   Not that I discourage various charting and methods of prediction and they can add accuracy but nobody actually knows.   The safest thing Ive been told of is to buy into a series of regular rises, on this little time frame that works and on the larger time frame I think more work is needed still but Im a pessimist in general

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no dips anymore
That'd be awful scenario.   Without a mix of buyers and sellers we get unstable price distribution, the only real safe way for price to build higher like skyscraper is gradually with foundations and much revision at each price.    So we have to go back at least some to check price on the way up
sr. member
Activity: 1274
Merit: 267
May 15, 2019, 04:37:50 PM
It's easy to say buy at dip. But in fact, it is hard to discover the dip. Sometimes we were right but took no action because we doubted that and ended in a regret. So it's better for us to learn anything, speculate it and simply Bitcoin at any price as it's never too late to join the party.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 15, 2019, 04:16:24 PM
There are no dips anymore on the menu.
Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump.
My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.
I am always surprised by the fact that people know very well what it is needed to be done to be profitable in this market and yet they do not do it, the price of bitcoin was very low for months and anyone that took the opportunity to buy it has doubled his money in just a few weeks, and what it is even better is that the movement is not over so some people could even triple their money and yet despite all the evidence in front of them many refuse to perform the necessary actions to make money in this market.
sr. member
Activity: 868
Merit: 281
May 15, 2019, 09:37:48 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


Yes, dollar-cost averaging is even better, because it means you are accumulating irrespective of price. Using this method worked out well for those holding long term, because they were buying while the market was at the bottom (low $3,000s). Meanwhile, those who were waiting for a $1,000 or under BTC may be FOMOing into the market now that the low price they expected is increasingly unlikely.
full member
Activity: 476
Merit: 100
May 15, 2019, 07:55:37 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


I guess this is normal and that is the sentiment we always see whenever there's a huge surge of price in bitcoin. I'm always expecting that people would get angry at themselves when there is a bullrun. But buying the dip is kind of hard though. I have been wrong 3x thinking btc has reach the final bottom in 2018 but it still plunges to $3k instead.
legendary
Activity: 2898
Merit: 1823
May 15, 2019, 06:30:19 AM


Does he feel vindicated today? Hahaha nocoiners.

For a Harvard "doctor" in economics, he sure does love to bash this generation's greatest technical, economic breakthrough, and achievment. I would expect more from a highly educated person.
hero member
Activity: 1082
Merit: 502
May 13, 2019, 02:44:45 PM
Buying cheap for now is a very correct strategy, although of course there are many exceptions to the rules when this rule does not work the way we want. In this case, the rule implies that you do not need to buy everything, you need to be very selective and carefully plan your investments. In order not to buy some kind of garbage that no one needs.
legendary
Activity: 1414
Merit: 1001
May 13, 2019, 06:17:18 AM
There are no dips anymore on the menu.

a "dip" does not mean falling 80% so that you can buy!

a "dip" is an opportunity that exists at all times at all prices. it is a situation when price falls to a level that is considered lowest of that particular time. for example right now that price is rising and has reached $7300+ the "dip" is defined as the lower price that was reached AFTER that high price at $6800. so for example if you missed out on buying, you should have bought at that drop @$6800
Actually this is a simple matter. As long as we can buy Bitcoin much cheaper than when we will sell it then it's a good opportunity. In my opinion this is an opportunity and we must be able to think well, very simple and we do not need to do various strategies. We only need to continuously monitor each price movement and then we make the right decision.
legendary
Activity: 1946
Merit: 1137
May 13, 2019, 02:15:52 AM
There are no dips anymore on the menu.

a "dip" does not mean falling 80% so that you can buy!

a "dip" is an opportunity that exists at all times at all prices. it is a situation when price falls to a level that is considered lowest of that particular time. for example right now that price is rising and has reached $7300+ the "dip" is defined as the lower price that was reached AFTER that high price at $6800. so for example if you missed out on buying, you should have bought at that drop @$6800
sr. member
Activity: 686
Merit: 277
May 13, 2019, 12:44:22 AM
There are no dips anymore on the menu.
Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump.
My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.
I guess we usually confuse this dip to bottom, bitcoin will never bottom again but there will always be dip. What is dip “dip is just the practice of purchasing an asset after there is a drop in price”, so it really doesn’t matter how big the decrease is before we can qualify it as dip. Dip is dip, even during this period that bitcoin is increasing, we have had several dip which smart people have quickly used to make profit.

Is that not why we have All time low and all-time high in coinmarket, have you ever seen both close at the same value for the past few weeks. So, people can still always make money by buying when at dip and sell when it reaches its all-time high for the day.
legendary
Activity: 2898
Merit: 1823
May 11, 2019, 04:59:40 AM

There are no dips anymore on the menu.


There will be after FOMO, and it's now going FOMO. I will give it 3 days more of green, long, parabolic candles before another dip.

Get ready. Cool
legendary
Activity: 2674
Merit: 1048
May 11, 2019, 01:57:24 AM
Just deploring for those people who intend to buy bitcoin in the dip situation but he never bought it because for some reasons. But we can see them as a people who feel regret because has made a wrong decision. Maybe for everyone who buy bitcoin in January 2019 ago when bitcoin at the lower price and he bought it then now he has got 100% profit. Only need a several month for bitcoin to make its investor getting rich instantly, but it's just for its usur who believe bitcoin as whole and never made any regret statement when he felt a lost.
hero member
Activity: 1050
Merit: 529
Student Coin
May 11, 2019, 01:33:46 AM
There are no dips anymore on the menu.
Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump.
My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.
legendary
Activity: 1473
Merit: 1086
May 10, 2019, 05:54:50 AM
There are no dips anymore on the menu.
hero member
Activity: 1092
Merit: 523
May 10, 2019, 05:38:31 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.
I understand what you are saying vividly, sometimes, it gets very difficult to really determine if one has actually bought at dip, for me, I just allow my intuition play a little here,though many people will advise you never let your emotion get you in your trade, but in this scenario, I think it can play out a little, since I am not doing the proper trade, and no matter the mistake I make now, it will still not be a costly one since we are still very far from the main ATH.

After BTC crossed the barrier of $6000, I sold little of my coin,believing that we will still have a retest that will enable me buy at dip again, otherwise, one might just have to buy once and keep holding till the bull run starts.
legendary
Activity: 2898
Merit: 1823
May 10, 2019, 02:47:12 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)!


I know it's debatable. Although the current amount held by that address is going lower and lower down than the amount on June - July, 2017. Cool

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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.


Don't forget that Bitfinex has its $850 million inaccessible that prompted their users to run for the exit. Cool
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