The dip is welcomed by me and many others who have not gotten to the point of satisfaction in their Bitcoin collection as it afford us the opportunity to get more coins at lower prices. So instead of being afraid of the dip, it should be welcomed as an opportunity to be maximised.
I strongly believe that Bitcoin will see a new ATH thus market cycle which is good for those who see the opportunity the dip is offering.
Topic: Don't Be scared Use this Dip as an opportunity to HODL more. - page 2. (Read 1941 times)
September 05, 2024, 06:59:57 PM
September 05, 2024, 06:10:44 PM
There is a euphoria that comes with bullish moves on the market which is more than we can say for bearish movements. it doesn’t matter if the bearish moves provides you with an opportunity to build a portfolio but, with your eyes and goals set on making some multiples from what you’ve invested, having to invest even more doesn’t trip you although, you would if opportune.
How greed could be used as a tool to play around the Bitcoin seasonality. It’s something that could work but, it’s largely based on the mindset and what is available at the time.
While others are fearful, chose to be greedy instead.
Didn’t see this one coming,How greed could be used as a tool to play around the Bitcoin seasonality. It’s something that could work but, it’s largely based on the mindset and what is available at the time.
September 05, 2024, 05:59:33 PM
Looks like we are still riding a rollercoaster market now having this changing trend from almost weekly basis .
https://coinmarketcap.com/
Now we are still falling but sooner it will climb back to 60k and above in which what we are experiencing over this whole year.
I though we are making it above 70k again but this is what happened now .
No doubt that it will be back to $60k soon, I'm not expecting to see $70k as soon as possible but once it is back to $60k then that's like the safer top that I am waiting for. Once it's there and it will be serving as the support, that's much better. Don't fret and be patient if you're waiting for the $70k and as the thread is saying, everyone should buy or hold more. We're holders, we are not moved by the situations like this.https://coinmarketcap.com/
Now we are still falling but sooner it will climb back to 60k and above in which what we are experiencing over this whole year.
I though we are making it above 70k again but this is what happened now .
The risk that we're taking is easy to take when we've experienced so much from this market. Selling and panicking this time won't help, thanks to the past experiences that I've made and for sure that everybody does has too. We'll be back at the top again and it's only a matter of time. Depending on how much quick it may be but do appropriate actions whenever we're on the dip.
September 05, 2024, 05:56:24 PM
Well, it is very natural for someone to panic if they have large assets in bitcoin, and the price goes down. However, I also feel that we should really control our emotions, because this could be an opportunity to buy in larger quantities. Maybe people can do the DCA method. However, if we have a lot of assets in the form of bitcoin, we agree that bitcoin will be something big. Therefore, if the price of bitcoin goes down, then it could be one of our opportunities to add to the load.
We all panic for certain reasons, simply because we have natural emotions as human beings. And as much as we want to control them, it's quite hard for us because we all end up emotional particularly when our investments are drowning.This is the reason why we only have to invest at our own risk. I mean don't overinvest, but invest only on an amount that you are not afraid of losing. But since we are born greedy, we always want to accumulate at its maximum amount. And its never a wrong decision, as long as you know how to manage the risk and overcome the future consequences if ever.
September 05, 2024, 04:52:31 PM
Going down to this level this low is actually something profitable for the people who have some cash. Not everyone has cash, but for all the ones that do, this is actually a good thing and we should be considering how we could make this work in the end. I am guessing that people are going to end up considering this to be something that will take a while, after all many people have seen this as a very troubled situation, but the reality is that we are going to end up with not a great amount of improvement if we are not careful about it.
What I believe we will have trouble with is the fact that it is going to end up with people who are too scared and sell, even after dipping this hard. Nobody should be selling at this low point, it's obvious that we are going to bottom out and make a profit.
We aren't even that far from the recent prices, we were like 53k or so just a few weeks ago before we went over 60k again, so we are nearly there again and nothing shocking to be fair. Do you think it's a surprise that we are back there at the bottom at near same price? That's the bottom and we are not going to drop that much down, maybe not down at all. Accumulating and waiting for it to go up is the way to go.
I haven’t been in the crypto space for long but even I know this dip is an opportunity to invest and hodl, the people who are likely to be scared are those who jus trade bitcoin as a get rich quick scheme and don’t really understand the market or do research. What I believe we will have trouble with is the fact that it is going to end up with people who are too scared and sell, even after dipping this hard. Nobody should be selling at this low point, it's obvious that we are going to bottom out and make a profit.
We aren't even that far from the recent prices, we were like 53k or so just a few weeks ago before we went over 60k again, so we are nearly there again and nothing shocking to be fair. Do you think it's a surprise that we are back there at the bottom at near same price? That's the bottom and we are not going to drop that much down, maybe not down at all. Accumulating and waiting for it to go up is the way to go.
This is Just the absolute best time to invest before it goes back up, it’s an opportunity for people who can’t do the day to day bitcoin trading, SO TAKE IT GUYS .
September 05, 2024, 04:21:52 PM
While others are fearful, chose to be greedy instead. That's where you should grab this dip to buy and hold more, than to get tempted to sell and regret your decision in the end. Most especially with bitcoin, surely there will be pumps and dumps, but one thing is certain, when its price drops, eventually it will make a reversal, so buying at its dips is the key so you can reap bigger profits when the best time to sell comes.
September 05, 2024, 03:37:54 PM
Only people who do lack experience are the ones who will really be having that kind of panic on the moment that the market will really be crashing. If ever you do have the experience then you do already
know on what you should gonna do. This is why on the time that you do deal up with something and doesnt have the idea on what it is, then you are just basically putting up yourself on trouble.
At first, I thought experience doesn't mean much when it comes to Bitcoin investment but now I understand how important it is. After reading lots of books and resources on Bitcoin investment a newbie would feel he is ready to go on with the investment without expecting any rough times. Why not, there will be difficult times when we find it hard to make decisions on our investment due to some factors and that is where experience comes in. When we talk about the experience we do not need to wait to be in that position before knowing what to do, we can learn from the experience of others to prevent us from losing our investment. During the halving, to a lot of investors, it was their first time experiencing the halving and they did not know what to do during that period. Still, those who have experienced several Bitcoin halving, have more clues and are likely to make more informed decisions on their investment. know on what you should gonna do. This is why on the time that you do deal up with something and doesnt have the idea on what it is, then you are just basically putting up yourself on trouble.
September 05, 2024, 11:33:40 AM
Many persons here never believed that bitcoin would ever go back to $50k however to everyone's suprise it didn't turn out that way (like $52k damn 
) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able to confirm this from a couple of users including The Sceptical Chymist (lol) 
The interesting bitcoin about bitcoin is that many people pretend to know what is going to happen when in reality we all know that bitcoin doesn't care at all about people's opinion. I don't understand why people always claim "we'll never see bitcoin at $XX again" or "it'll reach $XX by the end of the year", it's just pointless. Or maybe I should rephrase that: I know exactly why they do it, the people I don't understand are those who actually pay attention to this pointless predictions. For me every dump is a buy opportunity. ) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able to confirm this from a couple of users including The Sceptical Chymist (lol) Quote
Well jeez, how long have you been watching the bitcoin market? I never thought BTC would ever hit $1k, $10k, or even $50k in my lifetime, but that was way back when I was green and didn't realize how strong its user base was
September 04, 2024, 10:48:56 PM
Looks like we are still riding a rollercoaster market now having this changing trend from almost weekly basis .
https://coinmarketcap.com/
Now we are still falling but sooner it will climb back to 60k and above in which what we are experiencing over this whole year.
I though we are making it above 70k again but this is what happened now .
https://coinmarketcap.com/
Now we are still falling but sooner it will climb back to 60k and above in which what we are experiencing over this whole year.
I though we are making it above 70k again but this is what happened now .
September 04, 2024, 05:27:51 PM
That is true because only with knowledge someone can improve experience to achieve the best investment stage and vice versa panic is caused by a lack of knowledge about Bitcoin on his journey.
How can people be calm when Bitcoin conditions experience a sharp decline and they will never do something that will harm the investment run.
Bitcoin has a recurring cycle and that is why knowledge is very necessary so that someone has a view of his journey.
When investment knowledge is good and recognizes the recurring cycle, I am sure anyone will not experience panic because they know that every decline will definitely recover.
Before making an investment, of course, you must first learn about what you want to invest in, it is true that panic is only experienced by those who do not have confidence and knowledge of the investment they make, but if we have a time plan for the investment we make or the speculation we make is far from what happens, of course there will be a little worry, I think that can't be denied.How can people be calm when Bitcoin conditions experience a sharp decline and they will never do something that will harm the investment run.
Bitcoin has a recurring cycle and that is why knowledge is very necessary so that someone has a view of his journey.
When investment knowledge is good and recognizes the recurring cycle, I am sure anyone will not experience panic because they know that every decline will definitely recover.
But personally for Bitcoin I don't doubt it, other people should be the same because from what has happened since the past it has been enough to prove that there will be a movement that is opposite to what is happening now.
September 04, 2024, 03:34:48 PM
~~~
This is what I said and I think this is one of the mistakes that small investors like us make. I have seen people with more experience than me holding most of their earnings in bitcoins and then having to sell them at a loss in an emergency situation.
I actually don't want to know the small investors or whale investors. In terms of investment, you should definitely keep a fund to handle your emergency situation and then invest in Bitcoin. Otherwise you have to face loss in the hope of more profit.
As a bitcoin and gold holder, I think asset diversification makes sense even if I have an emergency budget. Gold can be a solution to sell in an emergency if the budget requirement is greater than the emergency budget that has been saved.
September 04, 2024, 06:31:48 AM
That is true because only with knowledge someone can improve experience to achieve the best investment stage and vice versa panic is caused by a lack of knowledge about Bitcoin on his journey.
How can people be calm when Bitcoin conditions experience a sharp decline and they will never do something that will harm the investment run.
Bitcoin has a recurring cycle and that is why knowledge is very necessary so that someone has a view of his journey.
When investment knowledge is good and recognizes the recurring cycle, I am sure anyone will not experience panic because they know that every decline will definitely recover.
Before making an investment, of course, you must first learn about what you want to invest in, it is true that panic is only experienced by those who do not have confidence and knowledge of the investment they make, but if we have a time plan for the investment we make or the speculation we make is far from what happens, of course there will be a little worry, I think that can't be denied.How can people be calm when Bitcoin conditions experience a sharp decline and they will never do something that will harm the investment run.
Bitcoin has a recurring cycle and that is why knowledge is very necessary so that someone has a view of his journey.
When investment knowledge is good and recognizes the recurring cycle, I am sure anyone will not experience panic because they know that every decline will definitely recover.
But personally for Bitcoin I don't doubt it, other people should be the same because from what has happened since the past it has been enough to prove that there will be a movement that is opposite to what is happening now.
September 04, 2024, 05:42:49 AM
Only people who do lack experience are the ones who will really be having that kind of panic on the moment that the market will really be crashing. If ever you do have the experience then you do already
know on what you should gonna do. This is why on the time that you do deal up with something and doesnt have the idea on what it is, then you are just basically putting up yourself on trouble.
know on what you should gonna do. This is why on the time that you do deal up with something and doesnt have the idea on what it is, then you are just basically putting up yourself on trouble.
That is true because only with knowledge someone can improve experience to achieve the best investment stage and vice versa panic is caused by a lack of knowledge about Bitcoin on his journey.
How can people be calm when Bitcoin conditions experience a sharp decline and they will never do something that will harm the investment run.
Bitcoin has a recurring cycle and that is why knowledge is very necessary so that someone has a view of his journey.
When investment knowledge is good and recognizes the recurring cycle, I am sure anyone will not experience panic because they know that every decline will definitely recover.
September 04, 2024, 01:38:54 AM
Many persons here never believed that bitcoin would ever go back to $50k however to everyone's suprise it didn't turn out that way (like $52k damn ) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able to confirm this from a couple of users including The Sceptical Chymist (lol)
For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.
) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able to confirm this from a couple of users including The Sceptical Chymist (lol) Quote
Well jeez, how long have you been watching the bitcoin market? I never thought BTC would ever hit $1k, $10k, or even $50k in my lifetime, but that was way back when I was green and didn't realize how strong its user base was
For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.
Summer is gone, and we can take a look and draw conclusions from the Bitcoin chart for these three months.
Starting with 70k, we fell by 55k, then grew again to 70k, then fell by 50k. Then there were 65k and here we are at 57k...
Crazy rollercoasters, and someone said that there would be no volatility in the summer
In general, all this was a continuation of the fall that began in April. And I agree with those who say that there is no need to invest now, and that we are moving towards a more successful entry point...
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September 03, 2024, 02:21:09 PM
Some small investors don't have a reserve budget and that's why they don't want to lose more money during a downturn, but as a result they have to sell at a loss. However, I do not generalize that all small investors are the same, it is clear that some of them have good financial management rather than just putting 100% into investments
This is what I said and I think this is one of the mistakes that small investors like us make. I have seen people with more experience than me holding most of their earnings in bitcoins and then having to sell them at a loss in an emergency situation.
I actually don't want to know the small investors or whale investors. In terms of investment, you should definitely keep a fund to handle your emergency situation and then invest in Bitcoin. Otherwise you have to face loss in the hope of more profit.
Quote
Bitcoin investment is safe as long as you understand and know the best security methods or methods for securing your bitcoin. Some investors are never safe as they store 100% of their bitcoin on centralized exchanges and other centralized platforms, even if they have a secure wallet but they fail to implement the best security methods.
Price volatility is a risk of loss that does not make you lose your bitcoins, but a security risk that can wipe out all your bitcoins in your wallet. Both risks must be considered carefully and both are very important.
Hummm ... Good point. Price volatility is a risk of loss that does not make you lose your bitcoins, but a security risk that can wipe out all your bitcoins in your wallet. Both risks must be considered carefully and both are very important.
I forgot to mention this point, security is needed for every investment you make in the world, not only Bitcoin, and every investment needs to be thought of before and I think since Bitcoin is a virtual asset, it needs more security. Of course those who will be holding will use decentralized wallet and if their funds are large then they will be suggested to use cold storage i mean hardware wallet for extra security.
September 03, 2024, 02:00:40 PM
~~~
I actually sometimes have a thought in my mind that the panic is only small investors like us or Bitcoin holders? Because we certainly know Michael Saylor is holding over $1 billion in bitcoins, doesn't this position of the down market panic him? And if the market is not panicking him or big investors like them, why should we worry about this?One thing to note here is that investing in Bitcoin is safe but it definitely contains risk because of its volatility and people who know about this volatility and even they invest all their funds in Bitcoin which they don't make an effort to lose. They may also need money at times and thinking that they may sell bitcoins at a low price. So I would also say that such investors should follow the DCA strategy for risk management and make bitcoin investments
Bitcoin investment is safe as long as you understand and know the best security methods or methods for securing your bitcoin. Some investors are never safe as they store 100% of their bitcoin on centralized exchanges and other centralized platforms, even if they have a secure wallet but they fail to implement the best security methods. Price volatility is a risk of loss that does not make you lose your bitcoins, but a security risk that can wipe out all your bitcoins in your wallet. Both risks must be considered carefully and both are very important.
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September 03, 2024, 01:32:33 PM
Well, it is very natural for someone to panic if they have large assets in bitcoin, and the price goes down. However, I also feel that we should really control our emotions, because this could be an opportunity to buy in larger quantities. Maybe people can do the DCA method. However, if we have a lot of assets in the form of bitcoin, we agree that bitcoin will be something big. Therefore, if the price of bitcoin goes down, then it could be one of our opportunities to add to the load.
I actually sometimes have a thought in my mind that the panic is only small investors like us or Bitcoin holders? Because we certainly know Michael Saylor is holding over $1 billion in bitcoins, doesn't this position of the down market panic him? And if the market is not panicking him or big investors like them, why should we worry about this?One thing to note here is that investing in Bitcoin is safe but it definitely contains risk because of its volatility and people who know about this volatility and even they invest all their funds in Bitcoin which they don't make an effort to lose. They may also need money at times and thinking that they may sell bitcoins at a low price. So I would also say that such investors should follow the DCA strategy for risk management and make bitcoin investments
September 03, 2024, 06:41:08 AM
Older cryptocurrency investors will read this post as a reminder to why they are still HODLING BTC despite the current market situation of which is the dip.
I always believe holders have more to gain by HODLing BTC until it is most favourable to liquidate or diversify this portfolio.
I understand the current trend is for investors to take advantage of a newly launched coin after a pump, just for immediate profit, and this makes me understand that some coins like BTC is better at HODLing for future wealth guarantee rather than for quick profit during pumps or dips.
Holding is always profitable as long as one understands the concept of buying so that the assets owned will increase.I always believe holders have more to gain by HODLing BTC until it is most favourable to liquidate or diversify this portfolio.
I understand the current trend is for investors to take advantage of a newly launched coin after a pump, just for immediate profit, and this makes me understand that some coins like BTC is better at HODLing for future wealth guarantee rather than for quick profit during pumps or dips.
Holding in small amounts with no mining method will also not be profitable because the assets we have do not increase over time.
That is why I said that a price drop like now is a strategic move to buy even though we can also use DCA.
New coins are quite risky because if someone makes the wrong move to sell, it will make the coin worthless.
Speculation on new coins is much riskier when someone does not understand the journey of the coin and will result in losses if wrong in analyzing.
Only people who do lack experience are the ones who will really be having that kind of panic on the moment that the market will really be crashing. If ever you do have the experience then you do already
know on what you should gonna do. This is why on the time that you do deal up with something and doesnt have the idea on what it is, then you are just basically putting up yourself on trouble.
September 02, 2024, 09:46:58 PM
Older cryptocurrency investors will read this post as a reminder to why they are still HODLING BTC despite the current market situation of which is the dip.
I always believe holders have more to gain by HODLing BTC until it is most favourable to liquidate or diversify this portfolio.
I understand the current trend is for investors to take advantage of a newly launched coin after a pump, just for immediate profit, and this makes me understand that some coins like BTC is better at HODLing for future wealth guarantee rather than for quick profit during pumps or dips.
Holding is always profitable as long as one understands the concept of buying so that the assets owned will increase.I always believe holders have more to gain by HODLing BTC until it is most favourable to liquidate or diversify this portfolio.
I understand the current trend is for investors to take advantage of a newly launched coin after a pump, just for immediate profit, and this makes me understand that some coins like BTC is better at HODLing for future wealth guarantee rather than for quick profit during pumps or dips.
Holding in small amounts with no mining method will also not be profitable because the assets we have do not increase over time.
That is why I said that a price drop like now is a strategic move to buy even though we can also use DCA.
New coins are quite risky because if someone makes the wrong move to sell, it will make the coin worthless.
Speculation on new coins is much riskier when someone does not understand the journey of the coin and will result in losses if wrong in analyzing.
September 02, 2024, 11:29:06 AM
Well, it is very natural for someone to panic if they have large assets in bitcoin, and the price goes down. However, I also feel that we should really control our emotions, because this could be an opportunity to buy in larger quantities. Maybe people can do the DCA method. However, if we have a lot of assets in the form of bitcoin, we agree that bitcoin will be something big. Therefore, if the price of bitcoin goes down, then it could be one of our opportunities to add to the load.
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