Buy the DIP, and HODL! - page 639. | Bitcointalksearch.org

The Sceptical Chymist

legendary

Activity: 3556

Merit: 7011

Top Crypto Casino

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

You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

That sounds like pure FOMO thinking in action, which is a dangerously emotional way of looking at any market. What people should have done was to buy bitcoin when it was stagnant in the $3000-3500 range for months, and even then that would have been a gamble. But it was pretty clear (to me at least) that bitcoin was going to break out of that range eventually, although whether the breakout direction was going to be up or down was anyone's guess.

Right now I wouldn't worry about buying any dips, because there's really no upward momentum that's been established yet. When you hear people talking about buying the dips, it's usually when the market is in the midst of a big bull run, and the dips are short breaks on a continuous upward trend. That isn't what's happening with bitcoin at the moment.

dothebeats

legendary

Activity: 3542

Merit: 1352

Buying the dip doesn't necessarily mean collecting profits in a flash. There are times that a dip takes a long time to recover from, and I think it's not a smart move to get your funds inside a highly speculative asset if you are short on cash and you can't take the risk. In the case of bitcoin however, buying the dip is, most of the time, a smart move given bitcoin's ability to bounce back no matter how sharp the decline was. But then again, one must still allocate funds correctly on investments and other personal matters in order to not get in a tight situation should the dip prolongs and falls further.

klaaas

hero member

Activity: 1568

Merit: 544

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 ; )

freedomgo

legendary

Activity: 3318

Merit: 1185

Playbet.io - Crypto Casino and Sportsbook

This is the golden rule to follow if we want to make money in crypto, it's pretty a cycle of a long period pump and dump.
Every market situation gives as an opportunity, and only a smart trader can spot what kind of opportunity he will face in a certain market condition.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

It is hard always to buy the dip because we don't know when the dip is coming. But we have a chance to buy after the dip is coming but still buying in the dip will always give us a big chance to make a big profit later. I always try to buy every dip, and I try to place at a very lower price, but as I said before, I am not too often to get the lowest price, but it's not a problem for me because I can get a lower price.

Perhaps, after I bought the coin, the price will down in 2-3 times then it start to increase so at least I still get a chance to make a profit after a few hours. But if the price is moving so fast, then my chance to make a profit will bigger because I don't have to wait for a long time. That is why we need to place the order buy in many places especially in every lower price so we could get the lowest price to buy.

omonuyak

sr. member

Activity: 882

Merit: 269

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

That is it and you have really give a good advice. I think we are going to have another trading cycles soonest and buy when bitcoin or others coins goes down again is the right things to do. I wish we understand all the investment opportunity in cryptocurrencies market and takes the advantage of it and makes money.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: Naida_BR on April 17, 2019, 02:11:15 AM

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Well you don’t need to identify the dip instead you must trust the coin if this will recover or not but for sure you know the answer about my point

Quote

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Never put this in your mind since bitcoin is not for short term trading meaning if you purchase this coin the you must be ready for the rollercoaster ride of the value of this great coin

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Can you though ? Like can you really know when you are at the dip ? Maybe we are at the biggest dip we will have forever ?

Maybe bitcoin will skyrocket tomorrow and will never come back to this prices ever in history of bitcoin, you may think that is impossible but people who waited for a dip at 1400 at the same idea as well, the price went down a lot and they waited for it to go down even more and when it started to go back up they waited for it to go back down but the price only kept going up and never seen those numbers again.

That is why buying every dip is a good suggestion but its never something easy that you can do yourself without ever knowing when you are at the dip, execution is much more difficult than the advice. I agree with the idea but I have failed on the execution multiple times.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Wind_FURY on April 17, 2019, 04:06:08 AM

Quote from: Pursuer on April 17, 2019, 02:43:19 AM

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!!!

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. Cool

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.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

if the majority of investors were wise instead of panicky then we would have never had big whales as we do now and we would have never had such unrealistic drops to such low prices that make your head spin Roll Eyes

the problem is that most people prefer listening to FUD and then panic buying when it is already getting late like what we had in the past weeks that they didn't buy when price was in $3k and i was saying this is not just the bottom it is below bottom but then they started panic buying when it got close to $5k!!!

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Pursuer on April 17, 2019, 02:43:19 AM

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!!!

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. Cool

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

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!!!

Naida_BR

member

Activity: 980

Merit: 62

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

exstasie

legendary

Activity: 1806

Merit: 1521

Society is still pretty skeptical of Bitcoin, which is a good thing. It means we're still in the early adoption phase and we probably have a couple more of these cycles left. Once it becomes obvious to everyone, it's unlikely to keep repeating. At that point I expect the trajectory to change. Either we'll enter a bearish supercycle and adoption will wane, or we'll enter the vertical phase of an S-curve and price/adoption will rise much faster than ever before.

In the S-curve scenario, I think 8-figure USD valuations for BTC are possible, and probably a lot sooner than most people around here would expect too.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

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

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

Topic: Buy the DIP, and HODL! - page 639. (Read 130417 times)