"Buy the dip" is only a strategy for losers - page 8.

btc-room101

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Quote from: jonaire99 on December 03, 2018, 03:00:01 AM

If you are a real trader then I think you understand what "buy the dip" means because you trading in the volatilities of bitcoin to earn some profits. But if you are one of the investors who bought at the height of its price last december 2017 then this present situation might no longer good for your investments because the price continues to go down. No one knows when will bitcoin go up like last year again so if you still believe in bitcoin then continue to hodl.

Trading volatilities in bear market is dangerous, as most here only know bull-market BTFD

The problem with BTC is that its like a stock that has been de-listed and its founders have been arrested, there is no point to BTD when there is no future in sight, no floor in sight, or no buyout in sight;

In these kinds of markets most people just move on and return when there is some mean-reversion; BTC has a lot more DOWN, and little HOPE of up.

There is no point in arb-trading, or volatility trading when there is no norm to gauge your bands, BTC is down some 90% and its continuing to go down, as all cypto has no new money flowing in,

We just came out of parabolic-rise, they always end in collapse, most of these rises take 20-30 years for people to come back in, and bring the asset to its last top;

People are being way to impatient here, it could take years before BTC even finds its new floor.

glowing10

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Quote from: aray80 on December 03, 2018, 02:36:21 AM

The strategy to buy bitcoin when the price is cheap and then sell when expensive is the best provided that the price immediately rises for the future because it is very risky if there is an error predicting when you want to invest

Bitcoin general bounces well and this year has being a little choppy when concerned about it. Else till last year people who have made huge money is through this format only. Even all the big players say that when other are selling you should be buying and vice versa to make money.

jonaire99

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If you are a real trader then I think you understand what "buy the dip" means because you trading in the volatilities of bitcoin to earn some profits. But if you are one of the investors who bought at the height of its price last december 2017 then this present situation might no longer good for your investments because the price continues to go down. No one knows when will bitcoin go up like last year again so if you still believe in bitcoin then continue to hodl.

qiman

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Activity: 1036

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The problem with buying the dip is in 2018 it has just been dipping further and further. I tried to average my price down for a coin but it has not really worked much for me either way. I now am surviving just from an arbitrage robot and it is very hard now with very little capital to get ahead, especially as I am no longer earning any income form any other sources. Bounties hardly pay out nowadays, even though I still do them, trading is extremely volatile and it is hard to survive in this climate, especially for us losers.

kelz1

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The trick to buying the dip is to look out for the dead cat bounce. This is likely to be the first pump after a major fall, it takes a series of mini pumps before a full recovery takes place

aray80

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The strategy to buy bitcoin when the price is cheap and then sell when expensive is the best provided that the price immediately rises for the future because it is very risky if there is an error predicting when you want to invest

btc-room101

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Quote from: MFahad on December 03, 2018, 01:43:38 AM

Quote from: Reid on December 02, 2018, 09:51:07 PM

Looks like we got a hater here who bought at a 19k usd price. That is so sad.

Anyway, you could always wait if you are that patient but I dont think you are since you are way taken by your madness now.

Could it be that you have already sold your bitcoin in exchange for a dusty altcoin just so you could come back.

I do buy the dip and I dont regret it every single penny I used for every satoshi I can accumulate.

You are just too much in a hurry for your ROI which will never happen even in 5 years.

You will probably be better off the crytpo industry.

The ones who have bought bitcoin at 19K are at a very high loss and i think most of them have already sold at loss. People who bought at such high prices were those who had no knowledge of bitcoin and trading and they just invested because of FOMO.

People who buy at $4k today will also get screwed, because "This time is different", where in the hell is the new stupid money going to come from to re-inflate the bitcoin ponzi?

Remember it wasn't that long ago that BTC was at a support level of $400 USD.

It's still the same old story, if you mined it and got it for free, then HODL or SELL,
If you bought it, then you are a sucker.

MFahad

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Eloncoin.org - Mars, here we come!

Quote from: Reid on December 02, 2018, 09:51:07 PM

Looks like we got a hater here who bought at a 19k usd price. That is so sad.

Anyway, you could always wait if you are that patient but I dont think you are since you are way taken by your madness now.

Could it be that you have already sold your bitcoin in exchange for a dusty altcoin just so you could come back.

I do buy the dip and I dont regret it every single penny I used for every satoshi I can accumulate.

You are just too much in a hurry for your ROI which will never happen even in 5 years.

You will probably be better off the crytpo industry.

The ones who have bought bitcoin at 19K are at a very high loss and i think most of them have already sold at loss. People who bought at such high prices were those who had no knowledge of bitcoin and trading and they just invested because of FOMO.

EcoChavCrypto

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The best thing that you can do right now is to buy the dip, i do not think that the prices will still be the same for a long time, maybe we will see another decrease, maybe to $3,500 or so.
But, think that there is always going to be a light at the end of the tunel.

For me, there is going to be another bullrun during the next year, it will happen sooner or later, it is just matter of time after all.

emma46

member

Activity: 102

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How could you say that it is a losers strategies if they could gain profit from it,
And also we couldn't really say if it is the bottom of the dip so we couldn't say if it is the right time to buy the dip.

libert19

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No one ever knows what is the bottom, that's why you never go all in, in single dip. You do dollar cost averaging.

thuat86

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Quote from: freightjoe on December 02, 2018, 09:39:39 AM

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

It is a good strategy I think, but what is the dip, 3k or 2k?

pooya87

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nobody is forcing you or anybody else to buy bitcoin or anything else that you don't want to or think is not in a dip. it is always going to be your money and the decisions you make about it will only affect you and you alone.
if you invest it wisely then you become richer and if you act stupidly and based on FUD that is online then you will miss out or worse lose money because of it.

franky1

legendary

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there is a big difference between
buy the tipdip with all your eggs and hodl
vs
buy the dip once the correction has had time to fully dip. use multiple baskets and take multiple small % quick repeats and keep doing it over and over

anyone who sees a sudden 4x rise and then buys in at that top 10% using all their funds. maybe shouldnt be trading.

but that said. hardly anyone actually was a 'buy and hold' at 2017's tip
never buy high. never sell low
dont buy the tipdip. (the initial dip from the tip)

its far better to make 1% a day (365% a year)
than to hodl for a year hoping for 3.65x spikes

Flor1982

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This shows of how the crypto market is very risky right now because the prices become more difficult to predict that if you buy the dip but it dips even more. Unlike before, that holding and buying the dip are very powerful strategies but now in which the bearish market is still in effect then better to choose only the top coins and shift to long term investments.

Reid

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Looks like we got a hater here who bought at a 19k usd price. That is so sad.

Anyway, you could always wait if you are that patient but I dont think you are since you are way taken by your madness now.

Could it be that you have already sold your bitcoin in exchange for a dusty altcoin just so you could come back.

I do buy the dip and I dont regret it every single penny I used for every satoshi I can accumulate.

You are just too much in a hurry for your ROI which will never happen even in 5 years.

You will probably be better off the crytpo industry.

BAC Blockchain

newbie

Activity: 12

Merit: 5

Quote from: freightjoe on December 02, 2018, 09:39:39 AM

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

Maybe it's a bit harsh to call people who buy the dip "fools" - emotions make fools of us all.
But as far as it being a crap tactic - the pros agree, it's better to buy into a trend than to try to time the bottom.

Valhalaa

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Quote from: smartbitcoininvestor on December 02, 2018, 09:30:08 PM

Warren Buffett advises investments that are priced fairly and have great business models backing them. So both he and I would recommend buying the dip.

yep i dont think buy the deep is for losers i dont aggre with those statement
buy at the deep if good choices for short term trading if you using that TA for short
so is very recommend buy the dip and sell at high
TA : RSI

smartbitcoininvestor

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Warren Buffett advises investments that are priced fairly and have great business models backing them. So both he and I would recommend buying the dip.

bayu7adi

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dont be greedy

yes because indeed looking for the lowest point is not as easy as people say, maybe when you think the lowest bitcoin price is 4k USD, even though the next day drops to 3.7k USD, that means indeed "dip" here is very unpredictable when and how many the number
from millions of people in the world, there are only less than 10 people who are certain to get the price you mean by the "dip"

Topic: "Buy the dip" is only a strategy for losers - page 8. (Read 25305 times)