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Topic: Don't wait for the bottom without buying in the Dip. - page 5. (Read 1017 times)

sr. member
Activity: 1008
Merit: 366
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.

Emotion control is essential when it comes to Bitcoin investment. Doesn't matter which one or where you buy, it could be the very top or the bottom, it shouldn't bother you a bit. And I don't think having good emotion control would lead to panic. If the vision in to Hodl for a long time, then it is better to just forget about those coins that you own.

And future profits or loss is uncertain or unpredictable when it comes to Bitcoin investment. You just know that this will happen, and this event will lead to this, which will eventually push Bitcoin's price up. We all know what I am talking about. But the exact amount or the exact time is unknown. So why think and get panicked about something that is not there yet, and only the future can tell the difference?

Focus on your goal. Set a target and just wait till it's fulfilled. Could take days, months or years. But it will happen eventually. So focus on that.
legendary
Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
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 mostly agree, mainly with the part in bold and also the list. Great points and all. But it's not clear why you expected Bitcoin price to soar and reach $60k this year? This year is mostly sideways, with a slight pre-halving dump in the end of the year. We can expect a pump early next year right before the halving and also after it. We may expect a moonshot right to the ATH arena.
full member
Activity: 798
Merit: 211
A Bitcoin investor cannot buy from the highest dip. That's why he must be patient, not only that, there are many investors who waited for the dip and subsequently faced huge losses as Bitcoin became bullish. We should invest in Bitcoin by doing a research on how long we can hold considering the current market. If you are a long-term Bitcoin holder, you can imagine the current price as a dip. On the other hand, if you are a short-term investor, you can wait a little longer. But the key point is that if you want to avoid risk, there is no alternative to investing by planning for the long term.
full member
Activity: 2044
Merit: 165
I have loss my fear since last year when the price of Bitcoin was struggling to reach $30,000, but the price continue dumping to the level of $20,000 that make me to made up my mind never to sell my Bitcoin until the price reach $50,000 before I can sell to embrace profits. Now that the price of Bitcoin has decreased in the market, I don't think I need to buy Bitcoin in this season again than to continue holding the ones I bought with huge amount of capital which I know if the price hit $50,000 or $60,000 I will smile. It will be favourable if anyone can use this opportunity to buy Bitcoin and hold, because the price of Bitcoin is still below $26,035, which it will help both long and short term investors to make a good profits when the price hit higher in future.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
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.
That is true, all of them are making a prediction and they are not really making that profit neither, not the one they claim at least. They show you the good trades that they make, and hide the bad ones they made, that way you could see the 10 trades that made me 100%+ return, but not see the 50 trades I made a loss on.

This is why it's quite important to learn about it yourself since that would guarantee that you will make some profit. I do not think that it will be that hard, it should be not impossible to learn how to trade and if you can do that then the return will be amazing. Hopefully it will become something that is important and should be great for you when you start to make a lot of profits from it as well.
hero member
Activity: 2352
Merit: 594
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.

As long as you can afford it because others like waiting for deep and they aren't knowledgeable; they are kind of in the waiting game that they don't know what's going on. For those kinds of people that like buying in small bits, like every salary, it is best to buy it when they can and accumulate it over time rather than waiting on a dip, which you don't know when, and the volatility aspects of bitcoin will make you feel left behind, and again, you'll regret not purchasing it at that time.
hero member
Activity: 2912
Merit: 629
Well, it's understandable if some investors are hesitating to buy when the price is declining since they're waiting for the bottom. The problem is we can't pin point what's the lowest price to buy. Therefore DCA strategy might work for investors who have worries when buying.

D: If you are holding for a long term, you don't need to be scared of buying the dip.
Indeed. Because regardless of what the current condition is, you won't be affected since you're a long term hodler. This is one of the benefit of holding for long period, less worries and you don't have to panic when the market is in bearish.
hero member
Activity: 1232
Merit: 524

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.

Although you raised some valid points, I respectfully disagree with you on when to buy the dip. Whenever there is a market correction, you might see a small pump now and then, but the price will ultimately fall. You have to follow the market trends for some time to see how the market will behave, then buy the dip, not that the price decreases slightly, and you are there to buy the dip. No one can predict the bottom, but you should keep in mind a certain price range to invest, i.e. I will buy Bitcoin when the price is between $20k to $25k.
Yes! For long-term holding, the buying price does not matter because, in the end, you are gaining profit, but why not increase the profit margin further by analysing the market and investing at the right time? 
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
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.

Of course, it's a win-win solution right now and I like the way you think that you're practical, focused and unhurried. Like it or not, people's desire to know about Bitcoin has grown and indirectly Bitcoin has changed one's curiosity about the potential, greater benefits of Bitcoin and how Bitcoin can shape the future of digital finance that continues to evolve and the true purpose of investing in BTC itself .
legendary
Activity: 2282
Merit: 3014
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.
hero member
Activity: 2604
Merit: 548
Vave.com - Crypto Casino
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
However you should also know to differentiate the cryptomarket from the traditional stock market trading, because with certain techniques the market moves can be predicted precisely. The same isn't possible with cryptocurrency. This makes the investment riskier and the waiting to experience the bottom price a difficult task.

In comparison to the peak price reached over the years time it is good to consider a price to buy. If the specific price point have got touched it is good to go with it rather than waiting long and missing opportunities.
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
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.
Just buy on the dip whenever you feel that you've got extra cash because you'll still be the one to take advantage of it when the market recovers.

B: Because you will still make profit if you buy the dip
Only if you sell when the price is higher than the bought price.

C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
That's true and many of those investors have been waiting for so long but many of them also panic sold.

D: If you are holding for a long term, you don't need to be scared of buying the dip.
Definitely, those that are long on this market have never been scared of the market after experiencing all of these volatility.
hero member
Activity: 2996
Merit: 609
Don't wait for the bottom without buying in 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.

Even myself considered to be on this space for 7 years but still there are moments on which im really that a fan on trying out to look for the bottom price on which this is something that a common

behavior for someone to do so just because we are really that trying out to maximize possible profitability on which it is really that something normal for you to have this kind of approach when it comes to price movements which it is really that totally random or unpredictable. As a trader then you would really be finding yourself that be that trying out to maximize profitability and this is why its not really something that you could really be avoiding on finding the bottom but its true that whenever there's a dip then it wont really be that bad for you to make out some buy position.

Somewhat making up decisions on times like these wont really be that easy because you would be always having the thought that what if the price would go down even more?
You would really be that skeptical on making such step or movement just because you are really that being hindered with those probabilities.
hero member
Activity: 2590
Merit: 549
Rollbit
Don't wait for the bottom without buying in 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.
hero member
Activity: 2828
Merit: 673
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.
Buying bitcoin is already a good preparation to your bitcoin investment. It’s either you buy at the dip or at the top, that’s already your own strategy so you can be profitable when the market is bullish. However, if you want to maximize your future profits, then always buy when prices are in dips. That’s the best way to enter in the market so you can increase the volume of your bitcoin while prices are affordable. 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.
newbie
Activity: 8
Merit: 1
Buying the dip is like catching a wave, perfect for those who wanna ride it all the way up. No cap, even seasoned traders sometimes need a reminder to seize those opportunities. And you're right, whether you're a newbie or a crypto vet, the game is always evolving.
sr. member
Activity: 784
Merit: 366
Underestimate- nothing
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.

No one actually has the power to make a prediction of what the price will be and anything that happens like you said is always based on past history and records, and for this reason, occurrences frequently support the price of Bitcoin, I think that is were the issue of patience come in, for does that actually have bitcoin, you have to keep holding till the price comes to your favor because am sure no one will want to sell at lost, is always smart to know every single information so has to enjoy the entire bitcoin environment so as not to miss the opportunity it comes with.
hero member
Activity: 1358
Merit: 538
paper money is going away
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.
Actually, this is what's causing confusion. Are you implying, at what time interval should we consider past prices as a valid benchmark?

Indeed, a few weeks ago, the BTC price stood higher than it does now, hovering around the $30k range. However, six months back, BTC was valued at $23k. If we stick to last week's prices, sure, it seems cheap, but if we take into account the value six months ago, it appears rather steep. As of now, the Bitcoin price sits at $26k.

Opting for gradual purchases would be more beneficial than comparing to historical prices. Additionally, BTC is currently at a support juncture, and if that level gives way, chances are the market will turn bearish. There's no telling what might occur before the halving period; surprises could manifest at any given moment.
hero member
Activity: 2478
Merit: 644
Eloncoin.org - Mars, here we come!
According to my opinion if one identify that the market is lower in price than previous worth and now he have much money to invest in it then investment at that time will be profitable. 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.

When one Waiting for more dip then sometime he loss the golden opportunity so the present stage is good for buying but those who don't buy yet due to the fear of losing money will regret I'm future. Most of the people are now thinking that bitcoin and other currencies will never come to higher worth again but they don't know that volatility is a key to success by accepting the lower price for buying and higher for selling.
legendary
Activity: 2842
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
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.
That should definitely be written on the wall of any trader. The richest people in the world all made their investments during the bear period to get in when everything is low, buy it, hold it until the market recovers and then got rich and possibly either keep holding it even longer, or sell it when it all goes up and wait for it to go down again.

This is the way most people get rich, they know that it is going to be possible to make as much profit as they possibly could and that is why I think it should be important. I know that it will take some time for them to make money because they buy it at the bear market and have to wait until the bull period, and that's not a single day, but wealth is not made in a single day anyway.
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