Buy the DIP, and HODL! - page 634. | Bitcointalksearch.org

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Quote from: Wind_FURY on April 24, 2019, 02:29:37 AM

Quote from: Herbert2020 on April 24, 2019, 12:50:10 AM

Quote from: Wind_FURY on April 23, 2019, 11:48:00 PM

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

That is truth, the average traders here are very few and almost all of us are holders . I am an enthusiast and I do buy altcoins and holds for long-term and the little dipping along the way don't affect me much.

Wind_FURY

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Quote from: Herbert2020 on April 24, 2019, 12:50:10 AM

Quote from: Wind_FURY on April 23, 2019, 11:48:00 PM

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

Yamifoud

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Quote from: Questat on April 24, 2019, 12:26:17 AM

Quote from: jonaire99 on April 23, 2019, 05:12:11 PM

I've been using this strategy since I started trading many months ago. Since it is difficult when to start buying during the dip, I often use technical analysis first to determine the right price to enter or buy. Fundamental analysis can also help because any positive development about the coin you want to will reflect on its price soon. So if you buy every dip, be sure to analyze it first using indicators and price action.

True because its easy to say buy the dip but without studying we cannot do it at the right timing.
Bitcoin has clearly bottomed and I think that moment was the best moment to enter into the market, you can easily sold it for a profit
and that is even short term as BTC now is getting more bullish.

Thus we have to make the right decision and we should analyze the market first before buying. Cause not all dips give us chances to gain but it sometime it get worst especially to those less potential coins. Mostly we took advantage during bear season but somehow we also be a victim, and instead we want profit but we ended up into losing cause we that wrong timing.

Herbert2020

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Quote from: Wind_FURY on April 23, 2019, 11:48:00 PM

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

Questat

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Quote from: jonaire99 on April 23, 2019, 05:12:11 PM

I've been using this strategy since I started trading many months ago. Since it is difficult when to start buying during the dip, I often use technical analysis first to determine the right price to enter or buy. Fundamental analysis can also help because any positive development about the coin you want to will reflect on its price soon. So if you buy every dip, be sure to analyze it first using indicators and price action.

True because its easy to say buy the dip but without studying we cannot do it at the right timing.
Bitcoin has clearly bottomed and I think that moment was the best moment to enter into the market, you can easily sold it for a profit
and that is even short term as BTC now is getting more bullish.

Wind_FURY

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Quote from: Oasisman on April 21, 2019, 04:14:16 PM

Quote from: reda on April 21, 2019, 08:41:22 AM

Quote from: Oasisman on April 21, 2019, 07:36:27 AM

Quote from: mirakal on April 21, 2019, 05:24:59 AM

Quote

remember those who invest 3-4 years ago, how they changes their lives.

It's not the same trend that we will be facing going forward, there's an increase but not as big as those times in the early stage.
We need to ensure we have a sell target, otherwise, we will miss the best opportunity to sell.

Unnoticeable mistake is when people tend to expect a bull run like what happened last December 2017. Hodling without selling target, waiting for another ATH, that would end up hodling for a couple of years or so. Missed opportunities for not selling during bull(ish) market, like the situation today will also be unnoticed by people who are very optimistic for another ATH.

You don't need to sell the coins even at the bullish market trend. Instead of that you may roll the coins you have to another altcoins which is worth to grow bigger in the marketplace in some months or surely you believe it.

If you missed the oppurtunies to make the money with ETHEREUM this is the perfect time I believe. Convert your bitcoins to Ethereum it will take your money triple at the time next peak value.

I think you mean rolling your coins to acquire another alt coin is just the same as selling your coin when you hit your target and then buy another coin that could potentially get you good returns.
And Im not talking about the peak value, Im talking about setting a specific target price range on selling your coins.

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

exstasie

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Quote from: adaseb on April 23, 2019, 02:25:21 AM

Quote from: exstasie on April 22, 2019, 04:22:02 PM

Quote from: Pursuer on April 22, 2019, 03:19:12 AM

the point as you also said it yourself is that it was an "accumulation phase" and NOT a "bear market" anymore.
technically a bear market is where price is going lower and lower for whatever reason.

The important distinction to make is that it can still go either way. There is no confirmation of a bull market yet. In other words, it's still a bear market until the market confirms otherwise.

That's one of the crucial things about the idea of an accumulation phase. Take 2018 for example. That could easily have been an accumulation phase off the $6,000 area. I myself believed it was (with a 60-70% probability anyway) but it turned out not to be. It was just a continuation of the bear market.

That's still a possibility here too, which is why I would continue calling it a bear market (and trade accordingly) until some of the earlier mentioned conditions are met.

We aren't in a bear market anymore, but we are not in a bull market either. Basically we are in a neutral phase.

You could have said that about the $6,000 consolidation last year too. It was sideways and support kept holding so most people assumed it was an accumulation phase. After the crash, it was clear we were in a bear market all along.

As you pointed out, we haven't confirmed a bull market yet by any metrics. We have a golden cross on the 1-day chart, but absent a long term bullish structure or retaking important S/R like the $6,000 area it doesn't mean anything.

So if this rally turns out like the April or July 2018 rallies and we end up bleeding back down below the December lows, it'll be clear this whole move was just a bull trap and we never left the bear market at all. That's still a decent possibility.

KennyR

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Quote from: STT on April 23, 2019, 06:22:45 PM

Quote from: Distinctin on April 23, 2019, 06:54:00 AM

It would be nice if we wake up tomorrow morning and we will see bitcoin already trading at $6,000, it's possible right?

I think its quite probable but whatever the top price you might not see it on the screen yourself because it will hit that and then fall back to an average resembling the current price or lower possibly. So begins some disappointment and possibly the end to the sentiment of buy every dip.
That general cycle is just how it goes I figure and I'm looking out for that to happen. I dont know if its tomorrow or next year, or actually what time frame to consider where the trend is mostly based best

Earlier such kind of market has been found, if I'm not wrong when the market rallied towards the ATH every morning I used to see a price difference of $500-$1000 which is truly interesting to watch. Maybe such a growth can happen this year or by 2020 as the adoption of cryptocurrency around the globe has been taking place in a much large scale than the time of 2017.

STT

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Quote from: Distinctin on April 23, 2019, 06:54:00 AM

It would be nice if we wake up tomorrow morning and we will see bitcoin already trading at $6,000, it's possible right?

I think its quite probable but whatever the top price you might not see it on the screen yourself because it will hit that and then fall back to an average resembling the current price or lower possibly. So begins some disappointment and possibly the end to the sentiment of buy every dip.
That general cycle is just how it goes I figure and I'm looking out for that to happen. I dont know if its tomorrow or next year, or actually what time frame to consider where the trend is mostly based best

jonaire99

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I've been using this strategy since I started trading many months ago. Since it is difficult when to start buying during the dip, I often use technical analysis first to determine the right price to enter or buy. Fundamental analysis can also help because any positive development about the coin you want to will reflect on its price soon. So if you buy every dip, be sure to analyze it first using indicators and price action.

guoyu78

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Quote from: Sahyadri on April 22, 2019, 09:59:35 AM

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

It's a good option to buy at dips and sell at high prices to gain profits but it's not easy to determine the actual price drop to certain extent. So i buy when i can afford to buy but at lower rates and then hodl it for long term to get huge returns.

Which is the best approach, if we really want to have peace in cryptocurrency, we need to first know something, cryptocurrency as come to stay and especially BTC, we need to start learning to change our mindset towards the investment.

When we invest in Bitcoin, we should see it just as if it is something we have there for our retirement age, so when we talk of retirement age, we are talking about 10 years and above. If it is an older person that is investing, they should see it as a legacy being left for our children, because BTC will surely pay off in future if we can only be patient with it.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: djsugar on April 22, 2019, 10:12:00 AM

We are gearing up for another bull run. Look at the bitcoin proce movement in last 48 hrs. There was a heavy sell off which took the price below $5200. But bull didnt let the momentum go and we are back to $5300. This shows that market is strong enough to not let price fall below $5k. This is the best to accumulate as much as you can in every dip. We are soon going to take off.

It would be nice if we wake up tomorrow morning and we will see bitcoin already trading at $6,000, it's possible right?
The way the market is moving now, I have no doubt any time big pump is going to appear again, and FOMO is inevitable as not all investors have matured.

adaseb

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Quote from: exstasie on April 22, 2019, 04:22:02 PM

Quote from: Pursuer on April 22, 2019, 03:19:12 AM

the point as you also said it yourself is that it was an "accumulation phase" and NOT a "bear market" anymore.
technically a bear market is where price is going lower and lower for whatever reason.

The important distinction to make is that it can still go either way. There is no confirmation of a bull market yet. In other words, it's still a bear market until the market confirms otherwise.

That's one of the crucial things about the idea of an accumulation phase. Take 2018 for example. That could easily have been an accumulation phase off the $6,000 area. I myself believed it was (with a 60-70% probability anyway) but it turned out not to be. It was just a continuation of the bear market.

That's still a possibility here too, which is why I would continue calling it a bear market (and trade accordingly) until some of the earlier mentioned conditions are met.

We aren't in a bear market anymore, but we are not in a bull market either. Basically we are in a neutral phase.

What will confirm the start of the bull market will be the engulfing of the $6000 yearly support which was broken in November. There are many buyers who have orders at $6000 because they want to break-even and it will be a tough hurdle to overcome. Also given the fact that its basic technical analysis that support becomes resistance and there will be tons of bears selling at the $6000 area.

So if the $6000 area engulfs and goes to $7000 and stays there for a couple of weeks, then we got confirmation of a bull market and can wait for $10K next.

Kelvinid

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win lambo...

Quote from: aysg76 on April 22, 2019, 11:35:21 AM

Quote from: Sahyadri on April 22, 2019, 09:59:35 AM

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

It's a good option to buy at dips and sell at high prices to gain profits but it's not easy to determine the actual price drop to certain extent. So i buy when i can afford to buy but at lower rates and then hodl it for long term to get huge returns.

Yeah, buying at dips is mostly preferred as that is the time when you get your coins at the reasonable rates but this practice could only be successful if you can hold it for long. If you are a good holder, you'll surely succeed in the market as great returns demand great patience. So try to buy every if you can afford...

Only we have to buy those coins that we feel it will recover easily once the market recovers also, we don't need to risk our money into have nothing chances to give returns. Waiting it for many years before before we got profit is just a waste of time, we can't be profitable anyway. We are just putting our money into nothing, better to invest those who we can get returns everyday even though it is in small amount.

exstasie

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Quote from: Pursuer on April 22, 2019, 03:19:12 AM

the point as you also said it yourself is that it was an "accumulation phase" and NOT a "bear market" anymore.
technically a bear market is where price is going lower and lower for whatever reason.

The important distinction to make is that it can still go either way. There is no confirmation of a bull market yet. In other words, it's still a bear market until the market confirms otherwise.

That's one of the crucial things about the idea of an accumulation phase. Take 2018 for example. That could easily have been an accumulation phase off the $6,000 area. I myself believed it was (with a 60-70% probability anyway) but it turned out not to be. It was just a continuation of the bear market.

That's still a possibility here too, which is why I would continue calling it a bear market (and trade accordingly) until some of the earlier mentioned conditions are met.

aysg76

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Quote from: Sahyadri on April 22, 2019, 09:59:35 AM

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

It's a good option to buy at dips and sell at high prices to gain profits but it's not easy to determine the actual price drop to certain extent. So i buy when i can afford to buy but at lower rates and then hodl it for long term to get huge returns.

Yeah, buying at dips is mostly preferred as that is the time when you get your coins at the reasonable rates but this practice could only be successful if you can hold it for long. If you are a good holder, you'll surely succeed in the market as great returns demand great patience. So try to buy every if you can afford...

Bardman

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Quote from: djsugar on April 22, 2019, 10:12:00 AM

We are gearing up for another bull run. Look at the bitcoin proce movement in last 48 hrs. There was a heavy sell off which took the price below $5200. But bull didnt let the momentum go and we are back to $5300. This shows that market is strong enough to not let price fall below $5k. This is the best to accumulate as much as you can in every dip. We are soon going to take off.

Yes but there are no dips now mate, bitcoin is only moving 50-100$ downwards, not something I call dips, the big dips already happened and if you bought them you would be in a massive debt right now. I do agree that this is the best time to accumulate but I doubt we are going to see many more dips if any at all from now on, perhaps a few more 200-300$ short moves to the downside to cool off RSI levels and other TA indicators but that's about it.

djsugar

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We are gearing up for another bull run. Look at the bitcoin proce movement in last 48 hrs. There was a heavy sell off which took the price below $5200. But bull didnt let the momentum go and we are back to $5300. This shows that market is strong enough to not let price fall below $5k. This is the best to accumulate as much as you can in every dip. We are soon going to take off.

Sahyadri

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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

It's a good option to buy at dips and sell at high prices to gain profits but it's not easy to determine the actual price drop to certain extent. So i buy when i can afford to buy but at lower rates and then hodl it for long term to get huge returns.

Wexlike

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Quote from: slaman29 on April 22, 2019, 04:07:41 AM

Hope you guys managed to buy yesterday's dip! I was too late, only saw how the prices fell a few hours ago, but quite happy to put in an invoice for some small earnings today, at today's prices. Just notice how after the drop, once more Sunday proves to be a recovery mode making this now several good weeks in a row right? I personally want this to go on this whole year!

The worldwide trend for interest in Bitcoin is still on the downtrend and has been ever since late 2017.

Are you expecting a single whale or group of whales to just keep pushing the price up in hopes of that sparking a new bull run and thus real organic search interest in Bitcoin?

Even if that were the case, cartels very very rarely work out for all involved over the long term.

I think we still have a ways to drop and stagnate before real organic interest and buying starts to creep in.

We're still painting a massive bearish divergence on the daily with decreasing volume. Don't let the fundamentals escape you.

Topic: Buy the DIP, and HODL! - page 634. (Read 130532 times)