Topic: "Buy the dip" is only a strategy for losers - page 4. (Read 25287 times)
although it's a strategy for losers, but if it brings profits it doesn't matter. Good investors do not prioritize strategies for anyone, as long as they give profit use the strategy. I also if trading uses a different strategy, which is important profit.
There are absolutely different opinions on this account. Someone, like you, believes that buying coins when bitcoin, so much falls is recklessness and stupidity, and someone believes that this is a real chance to earn and make a profit in the future on the growth of bitcoin. I think that we are waiting for the second scenario, so I am not afraid to buy cheap bitcoins now.
No one, absolutely no one knows how the price will develop further. Of course, we believe only in a positive outcome and that the price will grow, but no one can say for sure, and therefore to buy coins at such a low price is a risk, I agree with you. But without the risk of not getting a decent profit, it is a fact.
Actually every week there is a new dip, so I can assure that it is not a very reliable strategy, I do not follow a lot of advices here, but yes, I buy btc when I'm satisfied with the price, of course it usually goes down more, but I know that the bull run is close and at any time will go up again.
Perhaps your words have some truth, but practice shows that the price is always restored and those who managed to buy bitcoin at a low price, then turned out to be in the black and get their deserved profit. So I will believe in the best and buy coins at an affordable price.
But I think that such a strong drop in the price of bitcoin was caused artificially so that the price fell and large whales could enter the cryptocurrency market at a low price. So I do not believe that this symbolizes the end of bitcoin, I think this is just the beginning.
With the current price trend it is advisable wait, watch observe then buy when your mind tells you to buy but to me buying at the dip is the best time to buy.
If the price of the bitcoin continue to dive then it is not good to buy at the dip, just wait for the right time before you start buying. Low prices give investors an opportunity to buy coins at affordable prices before it start pumping again. Many investors had already proven this kind of method in the past not only in the cryptocurrency market but also in other speculative markets like stock exchange and forex.
So what do you imply by the tag 'fools' ? To my best of knowledge the every one has his rightful choice to the time to enter a trade or pull out. It's just pathetic that not everyone can realise it that every dip has an effect, when to pull in OR out.. Let's hope the bull come back
I think we all have to understand that this is an investment and is a free market that does have a big risk, but also allows us to get big profits. This is an investment where price movements always occur that can make us happy, but also can make us unhappy. Everyone has a choice of what they believe in this investment, and I have confidence that prices will rise again and the market will return to excitement. Those who want to be patient and remain confident in what they are investing in and have strong principles, who will eventually win and make a profit through this investment
buying something in a similar bear market is really what i think is a failure. wait for more favorable days
It would be better if you don't dare to take this big risk, then you can wait a few more days, until conditions improve, only brave people take this small opportunity, prices will change very quickly so you have to be able to make decisions quickly , and remember not to be greedy when market conditions like this
Thinking that the current bear market will last and further lead to the destruction of Bitcoin is only a sign of inadequate knowledge in crypto and how the market works. Perhaps, revisiting the history of Bitcoin and crypto will enlighten your understanding on how the market has lost the trust of investors in the past (another bear market) yet regained it and made a bull run. Bear markets and bull markets are never permanent, they alternate irrespective of how long one may stay.
Buy the dip is the only solution but you still have another option which you don't have to buy more bitcoin and only stay and see the market. But if you want to join with other people to get lower bitcoin then buying more bitcoin is your way. But you need to think twice before you decide to buy because the bitcoin price can go lower than you think and you need to ready if somehow, bitcoin price is dropping more. In this situation, no one knows what will happen with the price, and we could only prepare ourselves for the worst.
We see it every time Bitcoin goes to a new lower level.
Bitcoin "believers" will hurry to say "buy the dip" and "just wait it will come back"
Reality is that every dip is a new lower level - and after that comes another dip...and another.
In the beginning of 2017 very few people had Bitcoin - and therefore the price could quickly move up as a large number of people with zero financial understanding started buying Bitcoin.
Now a large number of people with zero understanding has Bitcoin and price moves down - there are no more new fools to get into Bitcoin to ever pump it again.
"Buy the dip" is something only fools believe - and as can be seen in here there are unfortunately many fools in here who do not understand that their money is already lost
Are you telling facts or are you telling pure imaginations and theories why the price or the value of Bitcoin is going down? Bitcoin "believers" will hurry to say "buy the dip" and "just wait it will come back"
Reality is that every dip is a new lower level - and after that comes another dip...and another.
In the beginning of 2017 very few people had Bitcoin - and therefore the price could quickly move up as a large number of people with zero financial understanding started buying Bitcoin.
Now a large number of people with zero understanding has Bitcoin and price moves down - there are no more new fools to get into Bitcoin to ever pump it again.
"Buy the dip" is something only fools believe - and as can be seen in here there are unfortunately many fools in here who do not understand that their money is already lost
I think those people are not fools and they are using their own hard earned money and not yours by the way. Everyone has started with zero understanding and no one is born with 100% understanding in any kinds of knowledge and wisdom, some people will learn from mistakes that they made and will not and continue the mistakes they made as long that they feel the adrenaline rush in it. It does not matter if there are too many people that have too few knowledge on this industry because they will soon learn a lot as time passes. The bearish market is not bad at all because there are a lot of professional traders who gain a lot of profit from this kind of opportunity.
Fresh investors can enter the market with their 1/5th investment at this movement as in my opinion gradual investment will help in averaging if the market slides further and the loosers can also follow the same strategy.
buying something in a similar bear market is really what i think is a failure. wait for more favorable days
But I still don't understand why you think this price drop will be the last. I don't see any prerequisites for that. If we take into account the previous schedule of bitcoin development, I think that it will still grow after this fall in prices. ppetomu people being I too have bought a few coins at the current low price. And I don't think I did the wrong thing.
Buy in when it's dead. Everyone seem to claim it's dead. That's when ur hard earn money is a 100% gamble. The dip goes even lower so that's only 70% Gamble. Sure dollar cost average. But remember to claim Bitcoin dead and that's when u can buy in. One news media article will pump it up . Wait till it's dead again.
I will say it's a good strategy but not at this period of serial crashes and recurrent dips in the market. During the times when market was stable, this would have been a good strategy but not now because we don't when the dip will stop, so it's dangerous to buy now for more dip might come which will cause more loses.
And what happens? Everyone who has invested their money in Bitcoin can obviously do what they want, but if someone has bought a lot, I do not think it's wrong, when bitcoin is so famous and will go back up again. Like last year. You can remove it, or wait.
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