Topic: Don't wait for the bottom without buying in the Dip. - page 5. (Read 1076 times)

On the other hand, buying at the top is like you are adding to the hype. And when its price suddenly drops, you start to panic seeing you are starting to lose your future profits.

Maybe this is just my own clap of hand to seek a small attention from every Bitcoin Investor, precisely for new Bitcoin Investor because I know that most the experienced investors already knows better than I do, I guess so. Not to say more or less, I just know that this concerns us all.

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

I know one day I will look at my portfolio and I will be happy for Investing in Bitcoin.

Like I said that this is just a clap of hands to call our attention because I know it concerns us that we need to buy the dip, even if we are waiting for the bottom, but you can still buy the dip and keep it in your portfolio, because Bitcoin price just don't fall in the hands of any man or authority to control. you can be waiting for the bottom and the price of Bitcoin will just begine to go bullish again.

My reason for saying  buy the DIP while waiting for the bottom.

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
B: Because you will still make profit if you buy the dip
C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
D: If you are holding for a long term, you don't need to be scared of buying the dip.

thank you for reading my topic.

I assume that Cryptomultiplier was more referring to the vast majority of so called traders who try to tell people what the bottom is, what the perfect dip is and when we finally have entered a bull run again. But in reality most of that is no better than blindly throwing darts at a dartboard. The number of people who are making gains from long-term day trading, shorting markets and using leverage is tiny. It is a small percentage of people who literally dedicate 24/7 to get their trades right most of the time.

But you brought up so called support levels and this is where the first big issue arises. What does any of those identified support levels help you when uncertainty hits and Bitcoin experiences a major blow because of an unexpected event? How many short positions from experienced high volume traders get squeezed on a regular basis? People say that those who lose even as experienced traders didn't show a sufficient level of self-control, but the fact rather is that they can't control for everything and day-trading makes you money only when you are in the market. But the risky tails of the probability distribution are what can kill significant positions from any trader.

No one has any real clue exactly how things are going to play out.  The best course of action is to simply DCA/Dollar Cost Average in to bitcoin.  Bitcoin could easily jump to 30,000 here in the next few days, or it could just as easily drop down to 20,000 in the same time span.  My recommendations would be to continue to put small amounts in each month.  Or maybe not small, but equal amounts, not trying to time the market.

D: If you are holding for a long term, you don't need to be scared of buying the dip.

My reason for saying  buy the DIP while waiting for the bottom.

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
B: Because you will still make profit if you buy the dip
C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
D: If you are holding for a long term, you don't need to be scared of buying the dip.

thank you for reading my topic.

I'm DCAing in Bitcoin anyway. If it goes lower I'm trying to invest a little more. If it goes even lower sometimes I borrow some money, but not much to be able to pay it out easily.

If you have knowledge in trading with the technical analysis and how does the market works, economy and the smart money concept you can easy identify what are the possible signals that the market would do.
This serve as a preparation for your next buy or sell of your holdings. Not always dip is the bottom and not always pump is the ATH, if you prepare for this you can make a better position to execute your buy and sell opportunities

My reason for saying  buy the DIP while waiting for the bottom.
A; you may be waiting for the bottom and the market will recover so quickly than you less expect.

B: Because you will still make profit if you buy the dip

C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.

D: If you are holding for a long term, you don't need to be scared of buying the dip.

You might be new to crypto but I admire your courage and knowledge towards how bitcoin have worked and how it's price has been performing from the past 14 years.
Not everyone can think the way you do, even those who have been here for a year or two has no courage in doing what you do, instead they kept finding the bottom and kept missing it for sure. This method were actually used by several people in here and it is called the dollar cost averaging or DCA, it's where you will purchase smaller fractions in a cheaper price of course (dip) rather than purchasing it once at a certain point (bottom) which is ultimately hard to find.
IMO, considering how far bitcoin have gone in the most recent ATH and how close we are from the next bitcoin halving, $26k is already a good entry point.

Don't wait for the bottom without buying in the Dip.

There is no right or wrong time when buying Bitcoin. When you enter the market, that's when your time starts, so it doesn't matter if you are buying the dip or the top. Give it the right time, and you will be making the profits for which you have invested for. It's all about holding for a long time. The more you hold, the more profit you can gain from Bitcoin investment.

Maybe you will make less profit, but you will be making profit from the car investment if you have the will to hold for a long term. Buying at low price will always give you advantage of making good profits. This whole we are market is an opportunity for us to fill our bags with more Bitcoin which you can buy at low price. Pinpointing the bottom is very hard, and you don't know when the price will be bullish again. This is why it is always advised to do DCA.

No user or market analyst is able to predict the precise outcome of the match. Everything is some sort of assumption, coincidence, comparison with the previous year's price movement. Everything is on a cyclic process, so it is good to have a target set for buying rather than waiting for the bottom price. This could end up missing the opportunity to invest/buy at a better price.

If one cannot identity that at which rate he should buy the coin then comparing price of present with past will help them to take decision.

Dips are good opportunities but in the case of the market's initial times as at the start of the cycle if you are buying the dip in the full swing of the Cycle as close to the ATH and the market suddenly dumped and you are aggressively buying that can be your biggest mistake as for the living example after the last cycle ATH Michel Saylor aggressively accumulated the dip and until now they are suffering the loss I know their vision is too long term holdings, still not everyone can wait for the market for recover in  2 years.

Dip accumulation is good as you follow the tip "Be fearful when everyone is greedy and be greedy when everyone is fearful" while buying the dip. Still, some things are needed to be taken care off.