Topic: Buy the DIP, and HODL! - page 632. (Read 136180 times)

Most people are too scared to actually buy the dip (at least near the bottom) and that's the real problem.

A standard BTC pullback from $20K (~35%) gives $13K. A more extreme pullback (~42%) gives $11.5K. If $16.5K somehow holds (doesn't look too toppy to me yet) then technically $10K is still on the table, although probably not very likely.

Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.

$20,000 my old friend,

Please wait, your friendly pleb is waiting for another dip again before we meet again on Christmas day.

Sincerely, Pleb.

without the Fomo crypto space is not something that interesting anymore,
we know that investors and traders like in the crypto world because high volatility makes it easy for us to get more profit from stock players,
yes, one of which is the Fomo strategy, but remember don't take more risks a lot when Fomo comes

Don't laugh at them or ridicule them, you should actually thank them, because they are part of the reason why there's FOMO.

Until they discover that it's on its way to 5-digits to 6-digits. They will keep waiting at the bottom.

If no action is taken, they'll just watch bitcoin going up to the sky.

The bad is, their "Plan B" is FOMO.


The good is that it might not matter because Bitcoin is on its path to a price discovery to a 6-digit valuation. Or more!

Strategy of buying all the time on a regular basis works really well, so long as you have had a long investment time horizon of 4 or more years...

So, just continue buying, and then you do not have to worry about the many things that you list, TitanGEL... The only thing to worry about is merely getting your financial situation in order so that you are not buying more than you can afford to lose.. so that you do not get worried if the BTC price goes up or down. and surely if there happens to be some kind of BTC price dip, then just having a bit of extra cash on the side to buy more... and HODL through the matter, if you run out of cash.. which can take a while to get into profitability, and so far in bitcoin's history, no one has lost any money as long as they have been able to hold at least 4 years (which should also include some amounts of continued and prudent buying along the way, too).... but if you keep buying, then whatever you buy has at least a 4 year time frame before getting worried about whether that purchase was profitable or not.


Huh?  You seem to be lost... eg. in the wrong thread, reliable.  No one, here, is suggesting to fuck around with trying to stack more sats by selling.. but instead focusing on buying and HODLing.. as the title of the thread says..  Go figure.

They are always like that.

When we tell them to buy as it's the dip. They will have a say that it's better to wait furthermore than to buy at the current prices.

Now, they have no choice but to buy higher than $10k. I did even read some are still waiting for $3k. 

In any case, Buy every dip is a good strategy! Even if you bought Bitcoin in March this year at 4K, now you would have 4x...However, I think it is necessary to fix the profit, even if not at the high, but there is no eternal growth...

Probably now, our fellow plebs are wishing they bought Bitcoin below $10,000. There were multiple golden opportunities when it surged up $10,000, then dipped down below $10,000 again. My fellow plebs, ATH is next. Don't miss the golden opportunities to buy the below ATH.

Easily said, hardly done. 90% out of 100% are losing traders, and out of the 10% of winners, just another small percentage of that are truly successful to be pros and trade for a living.

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.