Ignore the dip and Invest in Bitcoin for long term - page 10.

rodskee

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Quote from: Superdoctor on June 26, 2022, 03:19:08 AM

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.

I tried acting like this in the past , I even wonder how to forget about the investment and let it there for at least 3-5 years , but suddenly ? i cannot manage to make it happen because it is hard to deny the fact that when browsing this forum we will be triggered to check the market from time to time so just admit it, we are here to check our valued asset each time and decide what to do after.
and this is why many are turning into losses because of panicking after seeing the market fall badly.

Quote from: ImThour on June 28, 2022, 02:34:34 AM

Long-term investment seems really easy to do but HODL is usually the most difficult task in an investor's life.
Imagine you bought the dip of 2018 and suddenly in 2020, after HOLDing for 2 years you see your BTC is now at the same amount of price at what you bought.
Not an easy job to do, but fruitful if done correctly.

Sorry but what? you said that Long term investing is the easiest thing to do but HODL is most difficult ? it is the same lol , HODL means Long term investing and difficult? when all you need to do is wait ?

ImThour

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Bitcoin Bottom was at $15.4k

Long-term investment seems really easy to do but HODL is usually the most difficult task in an investor's life.
Imagine you bought the dip of 2018 and suddenly in 2020, after HOLDing for 2 years you see your BTC is now at the same amount of price at what you bought.
Not an easy job to do, but fruitful if done correctly.

kotajikikox

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Quote from: Trapezium on June 28, 2022, 12:32:32 AM

Dip can be taken as an opportunity for making more potential investments. But, it is also important to know what cryptocurrency you should invest at that moment.

That's why this is a BITCOIN TOPIC , because this is the only sure investment that will made us profiting though it may take long time sometimes(at least 3-4 years) and after there are sure income.

Quote from: blackened515 on June 27, 2022, 04:14:15 PM

I totally agree with the OP. We might not witness Bitcoin price fall below $30k again. So, it probably better we take the present situation of Bitcoin as an golden opportunity, and accumulate more Bitcoin. You don't have to let your emotions control you. Also, you don't have to panic if the cryptocurrency keep dipping. Certainly, the price will bounce back. Although, newbie are those who usually panic and sell their coins whenever the price dip.

make this a chance to earn by buying our coins now and then sell out in the next couple of years .

Fundamentals Of

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The question is, could everyone do this? No, and not only do they fail to do this, many in fact do the exact opposite. Isn't it that we are told to buy low and sell high? But many are actually buying when there's a surge in price because they FOMO and sell when there's a big correction because they panic. If only people would begin to be strong enough to buy the dip, corrections would cease to be what it is right now, a time for panic selling.

KaliLinux

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Quote from: Superdoctor on June 26, 2022, 03:19:08 AM

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.

Well, that ought to be the way crypto investors should be looking at it but we understand this is not usually the case because not every investor have the same mind set plus this issue has been discussed many time on this forum and you would have thought people get it now.
For me, most people are not really investors but traders hence the need for they to keep reacting to every market price action which real investors will ignore when they occur because they “investors” usually have a longer time frame target and don't mind the daily, weekly and monthly price swings.

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Quote from: Superdoctor on June 26, 2022, 03:19:08 AM

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.

You shouldn't completely ignore the dip. I mean, you should instead try to take advantage of the dip. During the dip, try to invest as much as you can and keep holding to maximize the profit. Can't invest? Then don't sell. Just hold, sit back and relax. Look at the charts and you will see that the price in the long run keeps on increasing.
Another reason not to ignore dip is because disasters that might happen like Luna. Sure, bitcoin is never going to reach that state (or it might when something that no one ever expected happens), but still you shouldn't completely ignore the dip.

minime0105

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Quote from: BobK71 on June 27, 2022, 12:24:46 AM

The current condition of Bitcoin indicates that it is much deeper than its maximum price. So this is the right time to buy. Moreover, the holders have already built their portfolios during this period. We also see that Blue Whales have started buying from the dip. So if you want to hold Bitcoin for a long time then it can be a golden opportunity.

moreover theirs existing speculation that Bitcoin is falling that no needful to buy bitcoins and hold, and i laughed at it, what is being matters is investment as op advised. This is the time to buy cryptocurrency and hold not only cryptocurrencies but bitcoin and hold for long term because people who bitcoin and hold and decide to sell in 2024 and 2025 will make a profit if the person can forget about the coin it has in it's possession. The advice of op is courageous for people who have the heart of holding a Bitcoin for long term without panic to sell

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But low, sell high, lol I’d say that’s how you should try and do it. I think it’s important for everyone to understand to only invest what you can afford to lose. Be a responsible investor. I personally think it’s a great time to buy bitcoin, but it could certainly continue to fall, so everyone should remember that.

Trapezium

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Dip can be taken as an opportunity for making more potential investments. But, it is also important to know what cryptocurrency you should invest at that moment.

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: dansus021 on June 27, 2022, 10:33:07 PM

easy to say "Ignore the dip" Grin

before make any investment or buy more everyone should know the risk and must know where the dip is, yes we know that bitcoin perform well according to the past and of course going well to future but only invest with "cold money " and this dip might become a large opportunity to us. stay safe and keep learning

Having cold money invested and ready to lose is a must. Never use money that is still needed for other purposes. I learned a lot about the past that I've been through.
for long-term investment really have to be patient. there are some people who are impatient because they want a quick profit, who end up losing it all. The bearish market this time has disturbed everyone's psychology, whether they want to continue to maintain or not, or buy again with money in reserve.

lienfaye

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Quote from: Superdoctor on June 26, 2022, 03:19:08 AM

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.

Thats right. If you able to do this when you invest in crypto, there's a high chance to gain once the market turn bullish. It might take months or years but its worth it. However, its not easy as it seems especially for investors who are relying on their investment. Though we often say dont invest what you cant afford to lose or the money meant for important things, some investors are still not following this. The reason why they cant hold for long and selling at the wrong time.

So before investing make sure that you know what you are getting into. Because it takes a lot of guts and patience to be a huge gainer in crypto.

dansus021

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easy to say "Ignore the dip" Grin

before make any investment or buy more everyone should know the risk and must know where the dip is, yes we know that bitcoin perform well according to the past and of course going well to future but only invest with "cold money " and this dip might become a large opportunity to us. stay safe and keep learning

Ale88

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Quote from: Superdoctor on June 26, 2022, 03:19:08 AM

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.

Those are simple but wise words, the problem is that the majority of people don't see things the same way you do. The average investor doesn't buy when the price goes down, they buy when it goes up, and usually they buy at the very high price, then it starts to go down, they wait because they hope it'll recover soon but it keeps dumping, at that point they decide to sell to save part of the investment because they start thinking it'll go to 0, after a while the recover and consolidation period begins and these people just lost money.

D ltr

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you believe in eth why doubt btc performance?
I think the performance of btc is better than eth if btc has decreased then altcoins will experience a greater decline than btc and repairing prices is also quite long
but I say I can accept your advice in long-term investment in the current situation because it has experienced a very deep decline

Rigon

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The current bitcoin market seems to me to be an opportunity for everyone to invest. The bitcoin market will grow a lot one day.But for those who want to make long-term investments, I would say that now is the right time for Bitcoin.The bitcoin market will go up at any time.There are many investors who have bought and invested in Bitcoin but they have made long term investments.

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Quote from: blackened515 on June 27, 2022, 04:14:15 PM

I totally agree with the OP. We might not witness Bitcoin price fall below $30k again. So, it probably better we take the present situation of Bitcoin as an golden opportunity, and accumulate more Bitcoin. You don't have to let your emotions control you. Also, you don't have to panic if the cryptocurrency keep dipping. Certainly, the price will bounce back. Although, newbie are those who usually panic and sell their coins whenever the price dip.

Yes, if there's a coin that we want to buy during this bear market there's no doubt it will be either bitcoin or eth. We can see that for the last few months, bitcoin shows dip value, we all witness its ATH last year but now bitcoin is around 20k, we can take this opportunity to buy bitcoin at this price, everyone asking is this the right time to buy? I will answer it yes, compare to last few months it is the best time to buy.

I think it is not a very wise decision to jump into bitcoin with all of your investments at a time.
Yes, I agree, this is the perfect time to buy but can't say this dip is the ultimate dip, it could be dropped furthermore.
So, I think if anyone wants to invest in bitcoin, he should split his total money and buy bitcoin gradually over the next few months.
I bought some bitcoin when it first dropped to 30K, then I speculate and set my next buying point at 20k.
Now my new target is 17K then 10K, I like to buy gradually and I will hold it until 2025.

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This is what a veteran does. We do not care about the price, we do not "ignore" it, we cherish it because we love and know that the price will go up, which means that the lower amount of money you could spend on this, means a lot more money when you are dealing with something else in the future when the price is higher.

I have faced a ton of people who turned a few thousand dollars, or a few tens of thousands of dollars, into retirement money. I know one friend of mine who turned under 20k money he invested in 2017 or so, into 4.4 million dollars these days, well at the peak sorry, because after this drop he must have a lot less money obviously.

Doan9269

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Quote from: Superdoctor on June 26, 2022, 03:19:08 AM

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account

Except if its unavoidable i don't think this is the best time to sell, and yes one must hold till this phase is passed, bit those on short term investment like trading can stillake good benefits out here by within a day or week, many investors go into buying more this time to sell off whenever there is rise in the price which obviously may take a while before such could happen, which is one of the reasons why we insisting in letting people know that bitcoin isn't a get rich quick like online ponzi.

blackened515

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I totally agree with the OP. We might not witness Bitcoin price fall below $30k again. So, it probably better we take the present situation of Bitcoin as an golden opportunity, and accumulate more Bitcoin. You don't have to let your emotions control you. Also, you don't have to panic if the cryptocurrency keep dipping. Certainly, the price will bounce back. Although, newbie are those who usually panic and sell their coins whenever the price dip.

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Quote from: yazher on June 27, 2022, 10:28:27 AM

Quote from: Oshosondy on June 26, 2022, 03:23:16 AM

Just like in the past, bitcoin stayed above $7000 in 2020, but when it dropped to $4000, some people would have panicked and sold their coins, but people that hold saw the price at $65000. Better to hold and not panic to sell.

History will repeat and those who have doubt will miss this big opportunity in front of their eyes. Because we already know how bitcoins act in the past when people sold their BTC and others are causing havoc with their non-sense theories and Bitcoins fire back with a new All-time high. bitcoins price shut them off and zipped their mouth and that will be the same scenario after this bearish market because that's how the bitcoins market flow until it becomes more stable in the future.

It is hard to believe for the people who haven't experienced the previous time market crash and the bounce back. I still remember those days of bitcoin reaching ath value when the speculations were that bitcoin might reach $7k. All of the sudden price reached high and later it dropped down to $3000. Once again the price bumping took place. So, it is good opportunity and there is nothing to fear.

Topic: Ignore the dip and Invest in Bitcoin for long term - page 10. (Read 2433 times)