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Topic: Ignore the dip and Invest in Bitcoin for long term (Read 2433 times)

hero member
Activity: 1666
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Well here we go again guys. But I do not look at my Bitcoin portfolio for a long while. Maybe once in a while after doing DCA every month. Long term is what I am thinking no matter how bad the news was like the latest one from the FED regarding inflation-related stuff.
That's rally good. After investing in Bitcoin for the long term, I think it's best to stay away from FED and all the crypto related news portals. Which can relieve from worrying about volatility. The current time is quite dip from its high price. So invest now rather than prioritizing the dip.
full member
Activity: 1442
Merit: 116
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Of course, buying the dip is a sure guarantee you will make profits, unless you are referring to shitcoins, but as long as it's Bitcoin, it's a sure guarantee to make profits, but it's all about a matter of time, which could take a month, 6months or a year to see a reasonable profit of your invested capital, which is why it's always advisable to always invest an amount you don't intend to use that moment or preferably, an amount you could afford to lose


For most people, the amount they are willing to lose is too small to make any significant gains. Therefore, at the initial stage of investing, you need to risk a lot of money in order to get a big profit, otherwise it can all drag on for a very long period of time. Bitcoin may fall in price even lower, but it is not scary to buy it now, because this level holds well and it is actively bought on falls.
indeed most people want a small capital to have a multiple-fold return, so they choose a risky path to lose their capital. therefore it would be better to risk more capital and put it on bitcoin, that will make our lives calm. especially with this bearish season, of course looking for a buying area is very profitable, because our chances of getting a profit will be bigger and faster, but many people are still afraid, they are still waiting for the lowest price, even though no one knows, until in the end they lose the moment
hero member
Activity: 2058
Merit: 710
Quite frankly, the whole market is in that "severe crash" as you know, Bitcoins price action affects all other cryptocurrency prices hence the dip you see with all other crypto prices.
Most people can't enjoy the "severe crash" that's happening in the market today and that's perfectly normal because they probably bought at a high price.
But I can still be patient with that because I only make purchases when the decline occurs or when the price is low and it won't be a problem if I buy I have to hold it for a long time.

Quote
Bitcoin thus far has dropped -71% from its ATH and could still dip more and yes some Alts have had a worse dip from ATH but I believe that a few Alts also have proven themselves and can go through the bear season as they have done before. 
Bitcoin will still create ATH even though it has dropped -71% of its ATH so far, because the opportunity for Bitcoin to create new ATH is still very wide open and yes, don't hesitate to continue to own Bitcoin and hold it until you find a commensurate profit. Likewise, altcoins that can still survive this period of decline because of those altcoins that are able to survive, will definitely be able to pass this bear season very well.
legendary
Activity: 1904
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Of course, buying the dip is a sure guarantee you will make profits, unless you are referring to shitcoins, but as long as it's Bitcoin, it's a sure guarantee to make profits, but it's all about a matter of time, which could take a month, 6months or a year to see a reasonable profit of your invested capital, which is why it's always advisable to always invest an amount you don't intend to use that moment or preferably, an amount you could afford to lose


For most people, the amount they are willing to lose is too small to make any significant gains. Therefore, at the initial stage of investing, you need to risk a lot of money in order to get a big profit, otherwise it can all drag on for a very long period of time. Bitcoin may fall in price even lower, but it is not scary to buy it now, because this level holds well and it is actively bought on falls.
sr. member
Activity: 1344
Merit: 459
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It is very difficult to practice patience, because almost everyone wants instant results, especially now that the price of bitcoin has dropped so there are some people who have switched to investing in other coins, only certain people have extra patience and continue to invest in bitcoin and ignore the decline price, so now we introduce bitcoin to other people it is very difficult, because of the problem of current prices which always decline significantly, I really salute people who continue to invest in bitcoin even though the current price is unstable.
hero member
Activity: 1344
Merit: 565
Yes its a best idea because now mostly cryptocurrency wan,t run perfectly due to whole market down and we won't believe on this they have some future or not but Bitcoin have a bright future everyone know so in every dip I recommend investing in Bitcoin is better ....
Bitcoin is always not the same as other cryptocurrencies in terms of the future, because Bitcoin still has a very good future even though it is experiencing a price drop like now.
But for other cryptocurrencies I still have doubts about its future even though there has been improvement and continuous development, it is still very possible to experience a severe crash in the market.
Quite frankly, the whole market is in that "severe crash" as you know, Bitcoins price action affects all other cryptocurrency prices hence the dip you see with all other crypto prices.

Bitcoin thus far has dropped -71% from its ATH and could still dip more and yes some Alts have had a worse dip from ATH but I believe that a few Alts also have proven themselves and can go through the bear season as they have done before. 
hero member
Activity: 2058
Merit: 710
Yes its a best idea because now mostly cryptocurrency wan,t run perfectly due to whole market down and we won't believe on this they have some future or not but Bitcoin have a bright future everyone know so in every dip I recommend investing in Bitcoin is better ....
Bitcoin is always not the same as other cryptocurrencies in terms of the future, because Bitcoin still has a very good future even though it is experiencing a price drop like now.
But for other cryptocurrencies I still have doubts about its future even though there has been improvement and continuous development, it is still very possible to experience a severe crash in the market.
hero member
Activity: 1092
Merit: 747
Moreover, buying the dip doesn’t guarantee that you’ll make profits. At the end of the day, the advise is simple. Don’t invest what you can’t afford to lose.
Of course, buying the dip is a sure guarantee you will make profits, unless you are referring to shitcoins, but as long as it's Bitcoin, it's a sure guarantee to make profits, but it's all about a matter of time, which could take a month, 6months or a year to see a reasonable profit of your invested capital, which is why it's always advisable to always invest an amount you don't intend to use that moment or preferably, an amount you could afford to lose
sr. member
Activity: 1750
Merit: 267
Yes its a best idea because now mostly cryptocurrency wan,t run perfectly due to whole market down and we won't believe on this they have some future or not but Bitcoin have a bright future everyone know so in every dip I recommend investing in Bitcoin is better ....
I think it's only those that are smart investors that can know the benefits of investing in Bitcoin now that the price is very low and affordable to invest. Those who are buying Bitcoin now will tend to benefit long on it.
 The market always go up and down and we don't need to border about whether the market will keeps going down or not, what we should be interested in is to buy more holdings now thag everything I'm the Crypto market had fell giving us the opportunity for us to accumulate more holdings before the bull commenced.
That is the point that OP is trying to brief that we shouldn't worry about the price. We know that price can goes up or down and it is natural for crypto currency. We should buy as possible for us when price is near our hand. In my opinion, it is a great opportunity to enter the market and buy for long time.
hero member
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Yes its a best idea because now mostly cryptocurrency wan,t run perfectly due to whole market down and we won't believe on this they have some future or not but Bitcoin have a bright future everyone know so in every dip I recommend investing in Bitcoin is better ....
I think it's only those that are smart investors that can know the benefits of investing in Bitcoin now that the price is very low and affordable to invest. Those who are buying Bitcoin now will tend to benefit long on it.
 The market always go up and down and we don't need to border about whether the market will keeps going down or not, what we should be interested in is to buy more holdings now thag everything I'm the Crypto market had fell giving us the opportunity for us to accumulate more holdings before the bull commenced.
member
Activity: 546
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I completely concur that it would be wiser to purchase now rather than sell our coins. The current selling frenzy will lower prices and deepen the bear market. Additionally, every buyer at this time will lessen the severity of the bear market and aid in the recovery of bitcoin. Even though most of us only make tiny purchases, if we all work together, we may still have an impact on the pricing. The wisest course of action in a bear market is to wait it out until prices start to rise. I have made the error of selling too soon and missed the most recent bug rally. I'm not going to make the same mistake again.
hero member
Activity: 2282
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Well here we go again guys. But I do not look at my Bitcoin portfolio for a long while. Maybe once in a while after doing DCA every month. Long term is what I am thinking no matter how bad the news was like the latest one from the FED regarding inflation-related stuff.
newbie
Activity: 45
Merit: 0
Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.

This advice isn’t generic tho. Different people have different investing goals and different risk appetites. What might be tolerable for some may be intolerable for others. Moreover, buying the dip doesn’t guarantee that you’ll make profits. At the end of the day, the advise is simple. Don’t invest what you can’t afford to lose.
member
Activity: 283
Merit: 10
Yes its a best idea because now mostly cryptocurrency wan,t run perfectly due to whole market down and we won't believe on this they have some future or not but Bitcoin have a bright future everyone know so in every dip I recommend investing in Bitcoin is better ....
member
Activity: 560
Merit: 17
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Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.

This is often heard and read on Twitter and other social media platforms that now is a good opportunity to buy bitcoin and hold it until the time comes when its price hits the market. This is very favorable for those who have a lot of money and want to invest in bitcoin. Then regarding emotions, if we send it here the result will not be good in the end, so we should control our own emotions so that the result, in the end, is not ugly. So I want to buy bitcoin and hold it while I'm still learning this industry.
sr. member
Activity: 2604
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The reality is, people used to ignore the dip and go for buying when the price starts to bounce. This happens with majority of the users, and it is caused out of the market being uncertain. Whenever the market drops down people lose their hope and turns into dilemma whether it'll bounce back or not.

People never make an investment when the market is down, but the whales and people who believe strongly will keep on increasing the holdings. Doing the right things at the right time brings profit and this can be understood only after several regrets.
Very common behavior on which people is starting to buy when bitcoin or overall market is already on greens and not buying when the market is read which it would really be just a miss out chance to utilize

maximum profitability in that case but i could say that it is really hard to make up decisions on times like this and just like we do all know that the price might even go down on the time we do able to buy
and that will really be the common thing on why we do really hesitate on times like this.Ignoring the dip cant really be possible since we do always prefer on entering the market as low as possible
and we do keep on chasing on that one.
legendary
Activity: 2646
Merit: 1106
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The reality is, people used to ignore the dip and go for buying when the price starts to bounce. This happens with majority of the users, and it is caused out of the market being uncertain. Whenever the market drops down people lose their hope and turns into dilemma whether it'll bounce back or not.

People never make an investment when the market is down, but the whales and people who believe strongly will keep on increasing the holdings. Doing the right things at the right time brings profit and this can be understood only after several regrets.
sr. member
Activity: 2100
Merit: 309
Not easy to be long term investment when we always active checking bitcoin and cryptocurrency values every day, I think if want to be long term investment better close all exchange market without have to check price in daily day. You have been success become long term investor exactly when investing with ethereum price on $700 and sell one year later when ethereum reach higher price on $4,000. I think you don't open and check about ethereum price day by day but checking about weekly or monthly. Have different between long and short term investment because with long term investment they have other income and use free fund for investing, but short term they don't have many source income and need to get profit as soon possible.
hero member
Activity: 2856
Merit: 667
The dip have been a big distraction to many young investors, many young investors think that they don't deserve a dip, but they don't have knowledge that the dip is as important as the bull , every dip comes with a bull. When I started investing bitcoin the dip was a distraction,  but when I got understanding of everything  I don't get panic in the dip.
So you say that old investors should deserve a dip? You should bare up into your mind that it doesnt matter whether you are new or old, young or old, you would definitely able to experience market dips and corrections because this is how this market works or simply this is an inevitable thing.Whether you are experienced or not you are prone to this.It does vary on what actions you would made basing up
with your knowledge and awareness into this market.Instead on freaking out whenever a market dip you should instead see this as an opportunity to buy cheap because
you could utilize these movements for your advantage because you could make profits with that.

Right! Market dips are unavoidable and it's a natural phenomenon that every cryptocurrency investor should know and understand that's why the price is moving in almost every blink of our eyes. Aside from that fact, if you're that someone that gets shocked about these phenomenon then I'm quite sure that you didn't had some research before investing to in it as you're only following the trend without knowing some things. But it's never been too late to equip yourself some knowledge so that you won't get shocked or curious about some happenings in the market.
hero member
Activity: 2058
Merit: 710
It's speculation, not long-term investment. The long-term investment will be calculated in years and of course profit from 10%, to 20% is not the goal of long-term investment.
Additionally, we can't be sure of what the market will do tomorrow. If you take profits today and you wait for the market to fall to buy back, but unfortunately the market does not fall but continues to rise sharply then you will lose both the opportunity and the bigger profit.
That's what I'm thinking at the moment mate.
Because although it is not wrong to take profit at 10% to 20% of the investment return. I think it will be more regretful when someone misses a great opportunity to get the maximum profit from the investment he made. Especially if someone can be very patient in carrying out investments for a long period of time or in terms of the long term.


Indeed. Its a short term investment if you're going to take advantage everytime there's a price increase then buy back in dip.

Long term hodler takes years before selling, because they have set target price before deciding to sell and obviously its not for small gains. However its not a bad idea to take profit at times. It is just depending for every investors if they're already happy and contented to the profit that they see.
I would be more satisfied if the return on my investment could be bigger and I think other investors will too. But because I can't be sure what tomorrow's market conditions will be, that's why I sell more often when I get a 10% to 20% profit on my investment. Even though I can get even more profits than that if I don't take 10% to 20% profit from my investment results. That's why I still always take advantage of the opportunities that exist today to buy Bitcoin again to the best of my ability.
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