Topic: Ignore the dip and Invest in Bitcoin for long term - page 12. (Read 2392 times)
Great advice but not everyone can ignore the dip. Especially newbies. Not everyone can invest for the long term. Some folks actually have a short - medium term investment goal in mind. And when the market doesn't go as they had planned they pull out irrespective of whether there's a dip or not. I recently spoke to a friend who did this. She pull what's left of her investment out. She said half a loaf is better than none. The summary is simple - just like someone said do not invest what you cannot afford to hodl.
Undermining the risk of investing in Bitcoin right now because it’s inestimable. One cannot predict how the market will be the next minute. So why not focus on investing rather than just selling out because of the dip or Do you believe Bitcoin will never rise again?
Obviously, the OP is confused in his conclusions. He talks about two cryptocurrencies at the same time, but he has probably experienced only one.
Just read the quote from the article that the OP classically paraphrased. Immediately comes the understanding that a beginner who gives advice does not always understand what he is writing about.
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. No matter if crypto is going up or down, the best thing you can do is to not look at it. 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.
https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-increases/
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Yea its still a newbie trend to be involved with $hitcoins and focussing on Altcoins when
really the only show in town is Bitcoin. Thats where everyone should be focussing their attentions.
What the OP is advocating in terms of Bitcoin is essentially whats been referred to
as "Zoom out" and not be so affected by the movement of the markets.
Yea its still a newbie trend to be involved with $hitcoins and focussing on Altcoins when
really the only show in town is Bitcoin. Thats where everyone should be focussing their attentions.
What the OP is advocating in terms of Bitcoin is essentially whats been referred to
as "Zoom out" and not be so affected by the movement of the markets.
Although I am a huge beneficiary in this market as a means to buy other altcoins, it is fair to say that we are benefiting from those who are losing money.
I am a bit confused after reading your post. Are you using the profits from Bitcoin to invest in altcoins or the other way around? To me, it seems like Bitcoin is your way to get more altcoins. In that case, that's a pretty risky game you are playing. Everyone knows what's best for them, but I would personally never drop Bitcoin to adopt an alt and possibly a shitcoin created only to make a small group of developers and early investors/advocates rich.
This does not apply to altcoins because 99% of them are going to zero sooner or later, but for bitcoin -70% from ATH is actually a great place to start DCA. Maybe even buy a big long term bag. But the main question that market is trying to figure out right now is how will bitcoin act during global recession that we are about to see. Bitcoin was never in this situation. That's why I strongly advice to not go balls dip into bitcoin right now because risk are inestimable.
(...)
You may have had success with ETH, but how do you believe it with BTC? Although I am a huge beneficiary in this market as a means to buy other altcoins, it is fair to say that we are benefiting from those who are losing money. And it's like a war, so the winners will see an opportunity in the future that they take for themselves, so it's not for all losers or winners. 
What a good advice. But why ethereum when you post it on bitcoin board.
It was bullish for bitcoin and all-time-high was attained. In 2020, there was a time bitcoin was below $4000. In 2021, there was a time bitcoin was above $65000. It was a great passive profit making means for many people, people that hold at the time.
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.
It was bullish for bitcoin and all-time-high was attained. In 2020, there was a time bitcoin was below $4000. In 2021, there was a time bitcoin was above $65000. It was a great passive profit making means for many people, people that hold at the time.
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.
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.
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.
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