Dips are temporary but Bitcoin is forever. - page 3.

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

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Buy Bitcoin before the DIP, buy during the DIP, and buy after the DIP. Bitcoins isn't going anywhere anytime soon but most DIPs will be long gone and long gone for good. There are so many DIP price you can't buy Bitcoin at but you will always have those Bitcoin you bought during the DIP at an higher worth in the future, cease every opportunity of buying during the DIP, buy as much as you can at the moment cause DIPs are temporary but Bitcoin stays forever.

This happens all the time. Cheesy

Kidding aside, I agree that dips are opportunities to buy even more coins. As long as we have spare money, I always recommend to accumulate, accumulate, and accumulate more coins. Imagine those who took the huge dip in 2022, already tripled their capital by just holding their coins. Every correction = opportunity. Every dip = chance for us to get much more profits.

On the other hand, I don't think that Bitcoin will be forever... or at least that's not how I think about Bitcoin. Who knows? We might see another cryptocurrency that's has the same features with Bitcoin, but better ones. I'm not against Bitcoin so don't criticize me, but with how the technology is evolving right now, there's a chance that it might happen. We just don't know when though, and if it will really happen.

Crypt0Gore

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If there are no dips it will be difficult for newbies to buy Bitcoin, I bought a good amount of Bitcoin because of the dips in 2022, at the range of 17k which was a very good entry point for me.

While many beginners are scared of the dips it is a big opportunity for many smart investors, also without dips there will not be a pump, which is why you will see a 20 percent or 30 percent correction when Bitcoin starts to pump, every pullback is gearing up for further push up, the only different is the timing, it can take weeks or even month before it starts to pump again.

It's all thanks to the pullback or else Bitcoin won't make a lot of sense, it takes a long time before newbies understand the importance of correction in the chart, it is necessary for drawing in new buyers to buy at a cheaper rate, it is also important for future price actions.

Porfirii

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

-snip-

Buy Bitcoin before the DIP, buy during the DIP, and buy after the DIP. Bitcoins isn't going anywhere anytime soon but most DIPs will be long gone and long gone for good.

-snip-

This is what most of us think, but we should also do a little exercise in humility and be aware that unexpected events happen, and that the trend of the last 14 years could change at any moment. We all expect a new ATH soon, but there is also a (yet very small) chance that the next dip under 60K could be the last time we see the price over that range.

Bitcoin is known to be the Plan B, but never make it your Plan A. And have a Plan C too, just in case...

martinex

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

There is no better way to put this out here, DIPs are an integral part of Bitcoin that's a function of its volatility that should be embraced in a good way. It's just a temporary correction that gives intending holders the ability to buying Bitcoin at a much cheaper rate. The fact that it is caused by factors like market sentiment, regulatory uncertainty, macroeconomics indicators, speculations etc goes to show to a very large extent that it's just a temporary thing while Bitcoin in itself stays forever even after those correction.

Buy Bitcoin before the DIP, buy during the DIP, and buy after the DIP. Bitcoins isn't going anywhere anytime soon but most DIPs will be long gone and long gone for good. There are so many DIP price you can't buy Bitcoin at but you will always have those Bitcoin you bought during the DIP at an higher worth in the future, cease every opportunity of buying during the DIP, buy as much as you can at the moment cause DIPs are temporary but Bitcoin stays forever.

That's the moment that most traders and speculators are waiting for as momentum gets a good price, but the correction process also doesn't happen intermittently, sometimes there is a time when BTC rises until a week after the correction comes back and it's only temporary, exactly as you meant above.

The choice at that time is also sometimes confusing what coin / token to buy because at that time all prices are in the red all and the lucky ones are those who have fresh money in their accounts. For those whose stock money has been locked in the trading account, everything certainly survives and if possible look for more to buy it.

Most often when we have funds and buy coins / tokens on the exchange, the market corrects and it is often beyond our expectations.

Darker45

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Dips aren't "an integral part of Bitcoin". Nowhere in its codes can you see a line intended for dips.

I agree that dips are temporary. Dips don't last forever. If one is shaken by a serious dip which prevents him/her from appreciating it as a buying opportunity, one only has to step back and see the bigger picture. Bitcoin isn't a short-term investment. It is a long-term investment. And while there are always price fluctuations, the overall line is actually directed upward.

But, hey, Bitcoin doesn't stay forever, too.

hatshepsut93

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The problem with dips is that at some point a dip will not be a dip but a full-fledged market crash that will be the start of the bear market. And no one case predict whether it's a dip or a crash until it fully developed. It's important to not be afraid of dips, because you need to have strong hands to get to the point when you can sell at a good price, but also it's important to be fearful of the bear market, because if you are permanently optimistic, you will miss out on a chance to sell before the bear market.

Mr.right85

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

There is no better way to put this out here, DIPs are an integral part of Bitcoin that's a function of its volatility that should be embraced in a good way. It's just a temporary correction that gives intending holders the ability to buying Bitcoin at a much cheaper rate.

This isn’t just a factor that is local to Bitcoin. It’s something pretty common and you can find this on FX trades as well. The fact that it’s more considered for a Bitcoin thing is stressing.
Besides, what would be Bitcoin without these bearish moves. We can’t expect it for a market that is all about bulls and bulls, pumping like an inflated balloon. It needs to deflate and inflate to enable it stretch to its actual potent but, unlike the balloon, it’s not designed to explode.
How do I mean, in the scenario where we don’t have these corrections, I think it would be just an invest to make profit and leave. People would just come to take and leave but, that’s very unlikely as, not all users can succeed with correction moves very much in place.

Hence, finding a best way to make use of the corrections is how to look at it and that’s far from panic selling.

freedomgo

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Quote from: SatoPrincess on May 09, 2024, 11:12:01 AM

Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

Buy Bitcoin before the DIP, buy during the DIP, and buy after the DIP.

In other words, be consistent with your daily, weekly or monthly % accumulation of bitcoins. It’s easy to take advantage of the bear market bear to buy more bitcoins at a discount when you apply dollar cost averaging as your investment strategy. The most important thing to remember in the bear season is that you have to Buy low, sell high which means you cannot FOMO and sell your bitcoins because of the volatility of the market.

Yes, getting into DCA in a consistent basis is the key. Regardless if the market is bearish or bullish, don’t get distracted with how the price goes but know that you are here to invest for long term, so DCA should always have the highest priority. However, if can buy when there are dips, that would be much better so you can maximize your bitcoin purchase while bitcoin is cheap and affordable.

Odusko

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As long as volitility remain frequent occurrence in the bitcoin ecosystem and market, both dip and high will always be a constant occurrence with bitcoin because bitcoin will not have such fun if those two integral features are missing from it but holding bitcoin is for a long term base and for that, despite how the dip occur, with time there will always be a recovery that will come along the way.
That is the reason why bitcoin holders are always confiedent that the price of bitcoin will always rebound whenever the dip happens it just will take time and nothing more.

aoluain

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With a little knowledge and being able to be patient turns the Bitcoin market volatility
in your favour.

Being able to read some trading signals and charts will turn the market from being
something volatile to couple FUD and FOMO to, into a market which can provide
opportunities to make profits from that same volatility.

sunsilk

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

There is no better way to put this out here, DIPs are an integral part of Bitcoin that's a function of its volatility that should be embraced in a good way. It's just a temporary correction that gives intending holders the ability to buying Bitcoin at a much cheaper rate. The fact that it is caused by factors like market sentiment, regulatory uncertainty, macroeconomics indicators, speculations etc goes to show to a very large extent that it's just a temporary thing while Bitcoin in itself stays forever even after those correction.

Mainly, it's about the demand.

Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

Buy Bitcoin before the DIP, buy during the DIP, and buy after the DIP. Bitcoins isn't going anywhere anytime soon but most DIPs will be long gone and long gone for good. There are so many DIP price you can't buy Bitcoin at but you will always have those Bitcoin you bought during the DIP at an higher worth in the future, cease every opportunity of buying during the DIP, buy as much as you can at the moment cause DIPs are temporary but Bitcoin stays forever.

People shouldn't panic when they see some dips happen every now and then. These are normal occurrences that happen to the market. If there will be no more dip then don't expect some pumps to come.

It is very essential to see these dips get in here before some huge market recovery comes and moves up to the ceiling. Those that still don't understand it will understand it soon.

Why this isn't worrying for those that have been staying on this market for so long. We share the vibes with you folks and you have nothing to worry about if you just HODL.

kentrolla

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This piece of knowledge is something which is very crucial and most of the users lacks it because when we say sip people just consider it as bear market and the level of patience which they have is very limited and don't bother hodling for longer period of time thus end up regretting hence all we need is a clear set of strategy by considering the possibilities of both dip and surge else we will be at the wrong position be it pump or dip.

Franctoshi

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Quote from: Husires on May 09, 2024, 11:35:52 AM

It is easy to know the DIP, but it is difficult to know to what depth this DIP will continue, as the price can drop a lot until it is lower than the previous DIP. This happened last time when Bitcoin drop to 30k, everyone believed that the worst had happened and suddenly price back to 17k at that time many some thought that we would see 11k, but the price rose. Buy Bitcoin when the signal is red, as no matter how low the price goes, it will rise again.

This is a normal thing in the Bitcoin market and generally, when you have bought the dips and price dips more, In this case Hodl so far you are not a short-term holder of Bitcoin price will come back to you in the future base on what we've seen happened with the price of Bitcoin.

However, in as much as it's encouraged we buy the dips, there are couple of tools to help us to try to buy almost at the right dips, tools such as the Fibbonacci retracement levels and the RSI indicatorfor. For instance, what I have noticed with Bitcoin price behaviour this bull market is that Bitcoin has most of the time rebounced at daily RSI 30% oversold zone and has only went below it once, whereas for Fibo. retracement good place to get in the dips is at 0.50, 0.618 and 0.786.

Winterfrost

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DIPs are compulsory features of Bitcoin, like I know for sure that Bitcoin comprises of cycles which happens in phases of 4 years interval and within those years we are likely to witness DIPs, so it has become an elementary phase of Bitcoin and by this time we are only supposed to get used to it and see it as part of the cycle. After every DIPs comes the bull run. The best part is taking advantage of the DIP and filling up our portfolio.

un_rank

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- Jay -

Dips are not temporary, it is an integral part of market economics. Every market which is motivated by traders' sentiment will always experience volatility, and volatility means price pumps and dips.

Bitcoin will always go into periods of dips and pumps, but as time goes by the dips will be to much higher prices than the previous ones and a investor will be only able to buy less and less fractions of it.

- Jay -

mk4

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

There is no better way to put this out here, DIPs are an integral part of Bitcoin that's a function of its volatility that should be embraced in a good way.

It's not even a part of Bitcoin — it's an expected phenomenon of markets in general. Even the best-performing stock in the entire history of stocks also had dips(and sometimes even dips bigger than usual).

As always though, lots of short-sighted people end up panicking and capitulating.

tranthidung

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

There is no better way to put this out here, DIPs are an integral part of Bitcoin that's a function of its volatility that should be embraced in a good way. It's just a temporary correction that gives intending holders the ability to buying Bitcoin at a much cheaper rate.

Because Bitcoin is a good asset for investment, with good past ROIs and has already proven its survival throughout its long history with 15 years, you can consider any Bitcoin dip is good opportunity to buy.

Buy it, then hold it, and wait for its recovery from dip to take profit if you only want to trade.

Or you can do better, hold it to wait for next one or two market cycles and big bull runs.

Historically Bitcoin drawdowns in bull runs.

Bitcoin price history, ATHs and bottoms

348Judah

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Quote from: Marvelockg on May 09, 2024, 09:46:46 AM

Buy Bitcoin before the DIP, buy during the DIP, and buy after the DIP.

I will advise that before you even buy the dip, truly make the required research to know if we are actually on the dip with bitcoin, when we track the market price, it will give us an idea on where we are currently with it, this will let us have a good idea on whether to buy the dip or not, but it will not make sense if we actually found out that the market is already bearish and we are on the dip but yet not investing until the market continue to surge, instead, we continue in buying the dip.

Mate2237

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Dip is a seasonal event in bitcoin and it is also a characteristics in bitcoin and it frequently happens than the bull run. In bitcoin investment it is good to invest tht buy from the dip and hodle the bitcoin till the next BR and the ATH. Bitcoin is not a stable coin that stand in one place but it is a volatile digital currency that fluctuate up and down and that is why the price is unpredictable. And we can all testify from the previous halving. We were all predicting that the bull would start after the halving but suddenly bitcoin price increased and even surpassed the 2021 All Time High.

The dip is to make people to acquire more bitcoin in their portfolios.

Cryptoprincess101

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Quote from: Hatchy on May 09, 2024, 09:59:13 AM

Dip is a characteristics of volatility which of cause all cryptocurrency has. Not just Bitcoin experience dips but all cryptocurrency. Yet not Al of them are able to stand up again after certain amounts of dip. Bitcoins journey so far has proven that no matter how volatile the market is, it's value will still be worth more in the future. So any investor who wishes to enjoy or make good profit from his Bitcoin holdings should hodl and continue accumulating with every opportunity that comes his way.

Yeah all cryptocurrency experience dip because of volatility and since Bitcoin which is the top cryptocurrency, if a dip occur other cryptos are to experience same though there are times when Bitcoin dips and some other cryptos gains and vice versa but cryptos certainly must experience a dip. basically, Bitcoin is suitable for long term investment so a dip doesn't affect the investor because it is certain that the price will regain after a dip.

Quote

Dip will always be temporary it can't be permanent except for stable coins but I still consider them not fully permanent because when the currency of which they are pegged to falls or raises, it's value will have to follow. Bitcoins has more potential than any other cryptocurrency out their so keep accumulating and hodl.

I don't understand this because are you trying to tell me that there has never been any cryptocurrency that DIPPED and never recovered back till it vanished? Is it all cryptocurrency that when it DIPs it still regains it state and continue to increase? I need more explanation on this please

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