Ignore the dip and Invest in Bitcoin for long term - page 2.

lienfaye

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Quote from: wmaurik on August 21, 2022, 09:10:01 PM

Quote from: ?? on ??

Long-term investment doesn't mean a coin should be hodl for a very long time. When investing a coin for Long-term, when the market becomes very bullish its nice to take up profit, and if the market goes low again then buy and hodl till it is due for profit.

If the concept is like that, then it is clear that it is not an investment in the long term and it is also more likely to be called a short term trade because it always considers the profit in any amount. But investors who like investing in the long term will not be happy to sell their assets only for a profit of 5 - 6% of their capital, because they want to get bigger profits by risking time through their patience.

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.

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Quote from: wmaurik on August 21, 2022, 09:10:01 PM

Quote from: ?? on ??

Long-term investment doesn't mean a coin should be hodl for a very long time. When investing a coin for Long-term, when the market becomes very bullish its nice to take up profit, and if the market goes low again then buy and hodl till it is due for profit.

If the concept is like that, then it is clear that it is not an investment in the long term and it is also more likely to be called a short term trade because it always considers the profit in any amount. But investors who like investing in the long term will not be happy to sell their assets only for a profit of 5 - 6% of their capital, because they want to get bigger profits by risking time through their patience.

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.

wmaurik

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Quote from: ?? on ??

Long-term investment doesn't mean a coin should be hodl for a very long time. When investing a coin for Long-term, when the market becomes very bullish its nice to take up profit, and if the market goes low again then buy and hodl till it is due for profit.

If the concept is like that, then it is clear that it is not an investment in the long term and it is also more likely to be called a short term trade because it always considers the profit in any amount. But investors who like investing in the long term will not be happy to sell their assets only for a profit of 5 - 6% of their capital, because they want to get bigger profits by risking time through their patience.

alik111

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You told about your trading strategy but the main purpose of trading should be buying dip as you can. When you buy in a dip price you will have more profit otherwise there have chances to fall into lose.

wmaurik

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Quote from: Rigon on August 08, 2022, 06:35:30 PM

Of course, long-term investments have a time frame. You invest but you don't sell those invested coins or profit then you don't get any profit.It is better to quit whenever you have enough profit from the invested profits.It has been seen that if the market is dumping again later, you will invest again from there.Never stay with an investment for years I think and leave when it makes a profit.

I always consider the issue of profit in every investment I make. That's why I never stay silent when I see that I have made a profit through the investments that I run.
Because my purpose of investing is to make a profit and not just a collection. Because I don't like to collect so many coins in my wallet, so I always prefer to release it when I already have the profit from my target.

UserU

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Just went in with $700 over the past 2 weeks on the dip. Slowly making my way to be a full coiner

blackened515

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Quote from: MiF on July 25, 2022, 10:26:07 PM

Well based on my research he who hold bitcoin for a long term always get profit, so if we wanted to earn we need to forget the dip and invest into bitcoin. Dip is an opportunity not a burdened from the past investors that trust and hold bitcoin really earn profit some of them is now maybe a silent millionaire so i think if we want profit we need to do the right thing which is investing for a long term.

Exactly, the dip is a great opportunity which we must all make good use of. Although, the price haven't been encouraging lately. But, is quite certain that Bitcoin will definitely rise and might probably hit a new ATH very soon. However, we don't only have to invest more, but also have the ability to hold for a long period of time. Nevertheless, past investors who held their coin obviously make a huge fortune from Bitcoin.

2stout

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I would recommend against ignoring the dip as this prevents a great buying and bargain opportunity that will position you even better for long term hodling and the results of such.

Rigon

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Quote from: MiF on July 25, 2022, 10:26:07 PM

Well based on my research he who hold bitcoin for a long term always get profit, so if we wanted to earn we need to forget the dip and invest into bitcoin. Dip is an opportunity not a burdened from the past investors that trust and hold bitcoin really earn profit some of them is now maybe a silent millionaire so i think if we want profit we need to do the right thing which is investing for a long term.

We who believe in investment always believe that investment can give people something good.They bought bitcoin when the price of bitcoin was dumping a lot and now the price of bitcoin has increased a little so those who invested in a bitcoin today but they have a fairly good profit.If we invest, it will be a little long-term investment, like right now the market is a little dump can earn a lot of money from.

goldkingcoiner

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Ignoring the dip is probably the unhealthiest way to cope. In fact, you should not be putting yourself into a situation in which you wish to cope. The problem is your short termed mindset of an investment, thats true. It means you are not 100% onboard or having second thoughts.

If you asked around any veteran coiner and early BTC adopter would tell you the same thing - here's what you need to actually do:

Replace the word dip with the word bargain. Because thats what each dip should be, in your eyes. A limited time bargain price. Once you develop the hodlers mindset, you will see how fast your investments are gaining traction.

taufik123

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Quote from: salad daging on August 08, 2022, 01:08:48 PM

Quote from: taufik123 on August 08, 2022, 12:01:56 PM

Quote from: salad daging on August 08, 2022, 11:46:25 AM

-snip-
I've invested in bitcoin with the DCA strategy because it will be my routine to start from small bitcoins to become more in hand so I consistently apply this not to miss.
We are pretty sure there will be more benefits to buying now especially if we have the capital to make the purchase, but if it is too heavy then do DCA so that it doesn't become heavy but we will still have bitcoins for the future.

Your commitment to continue to do DCA must also be supported with money that you don't need for other purposes. Pure DCA uses money you can afford to lose. Whatever the price you will still buy it gradually and for the long term. and the obstacle for some people is controlling psychology to stay on the original goal.

It's true that I am supported from my monthly finances of about 20% or more but the rest of it is enough for my daily needs and I will take the time to save from the remaining 80% so that in the future if there is an urgent need it doesn't interfere with my commitment to the planned DCA then I have to be ready to make a purchase at any price even though for example the price of bitcoin is $50k or $70k I have to buy it because it's a commitment.
Of course I learned psychology so I can control it from beginning to end because this goal is still long, so psychology is important.

A good commitment, setting aside about %20 is more than enough if you continue to be consistent, so it doesn't interfere with your other needs. DCA can buy at any price and continue to add to your bitcoin asset, but you also need to enter at the right price, don't enter when FOMO occurs. and psychology is indeed the determinant of everything, everything will involve psychology. control your emotions and stick to your commitments, this is a long term investment and you will see results for at least 5 years or more.

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Quote from: Gosgosking on August 08, 2022, 01:54:59 PM

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.

Rigon

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Quote from: wmaurik on July 30, 2022, 05:59:01 AM

Quote from: harapan on July 26, 2022, 11:20:43 AM

I think the greatest advise someone would give to a crypto enthusiast or someone willing to invest in cryptocurrencies is to hold. An individual willing to invest in cryptocurrencies should be willing to invest and hold for the long run. Besides, long term investments are always best. One can’t invest in a short term and expect to make any meaningful return on investment. Long term investment are always what brings in the profit and that’s why it’s advisable to hold while venturing into investing in cryptocurrencies.

What you say is very clear, because everyone who wants to invest can also see that investing in the long term is the best option as long as he gets coins at a low price. But for those who had bought at the highest price like Bitcoin, then now it's just patience that they have to increase in order to wait for the recovery to arrive. So the investment does not always have to be in the long term, even though the options are much better than the short term.

Quote from: kamvreto on July 26, 2022, 11:44:39 AM

long-term investment will indeed provide a more profitable return, but we also have to see how long the long-term investment ends, lest long-term investments have no end or no time to take or cut some profits. 5 years or 10 years for long term investment would probably be better. Use the free money, don't use the money you need, it won't last long.

Totally agree with what you say, because long-term investments also have a deadline that must be determined and even then if the conditions are much better before the specified deadline arrives, then selling some of the assets being invested is also a very good option because consideration is about profit.

Of course, long-term investments have a time frame. You invest but you don't sell those invested coins or profit then you don't get any profit.It is better to quit whenever you have enough profit from the invested profits.It has been seen that if the market is dumping again later, you will invest again from there.Never stay with an investment for years I think and leave when it makes a profit.

Gosgosking

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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.

salad daging

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Quote from: taufik123 on August 08, 2022, 12:01:56 PM

Quote from: salad daging on August 08, 2022, 11:46:25 AM

-snip-
I've invested in bitcoin with the DCA strategy because it will be my routine to start from small bitcoins to become more in hand so I consistently apply this not to miss.
We are pretty sure there will be more benefits to buying now especially if we have the capital to make the purchase, but if it is too heavy then do DCA so that it doesn't become heavy but we will still have bitcoins for the future.

Your commitment to continue to do DCA must also be supported with money that you don't need for other purposes. Pure DCA uses money you can afford to lose. Whatever the price you will still buy it gradually and for the long term. and the obstacle for some people is controlling psychology to stay on the original goal.

It's true that I am supported from my monthly finances of about 20% or more but the rest of it is enough for my daily needs and I will take the time to save from the remaining 80% so that in the future if there is an urgent need it doesn't interfere with my commitment to the planned DCA then I have to be ready to make a purchase at any price even though for example the price of bitcoin is $50k or $70k I have to buy it because it's a commitment.
Of course I learned psychology so I can control it from beginning to end because this goal is still long, so psychology is important.

taufik123

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Quote from: salad daging on August 08, 2022, 11:46:25 AM

-snip-
I've invested in bitcoin with the DCA strategy because it will be my routine to start from small bitcoins to become more in hand so I consistently apply this not to miss.
We are pretty sure there will be more benefits to buying now especially if we have the capital to make the purchase, but if it is too heavy then do DCA so that it doesn't become heavy but we will still have bitcoins for the future.

Your commitment to continue to do DCA must also be supported with money that you don't need for other purposes. Pure DCA uses money you can afford to lose. Whatever the price you will still buy it gradually and for the long term. and the obstacle for some people is controlling psychology to stay on the original goal.

salad daging

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Bitcoin To The Moon 📈📈📈

Quote from: danadc on August 08, 2022, 11:03:54 AM

I think that an intelligent way to have a lot of money is to multiply it right now, the smartest thing is to have bitcoin and leave it still without touching it, if bitcoin goes down more, you should take advantage of buying, only despite the fact that it can reach 70,000 again dollars is enough motivation, which is well above the standards of a bank, the doubt at this time means losing earning more money and I think that is not viable.

For people who dare to do it now to multiply for the future but sometimes no one dares for those who want to start but many doubts.

I've invested in bitcoin with the DCA strategy because it will be my routine to start from small bitcoins to become more in hand so I consistently apply this not to miss.
We are pretty sure there will be more benefits to buying now especially if we have the capital to make the purchase, but if it is too heavy then do DCA so that it doesn't become heavy but we will still have bitcoins for the future.

danadc

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I think that an intelligent way to have a lot of money is to multiply it right now, the smartest thing is to have bitcoin and leave it still without touching it, if bitcoin goes down more, you should take advantage of buying, only despite the fact that it can reach 70,000 again dollars is enough motivation, which is well above the standards of a bank, the doubt at this time means losing earning more money and I think that is not viable.

wmaurik

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Quote from: minairia3 on August 04, 2022, 04:56:32 AM

Holding is the key to success when it comes to investing in bitcoin, you do not need to be adept at technical analysis or to have experience trading in order to make a profit when it comes to bitcoin. The upside of bitcoin is that as long as you persist in holding it for a long period of time, then you are likely to make a profit as well, sometimes an extremely high return.

That's obvious, and I've also proven it in the past even though I didn't collect that many Bitcoins. Because when the Bitcoin price started to increase until it reached ATh, I could immediately feel a very good profit and I think it was the result of a patience that I had done when the Bitcoin price was not so expensive. So holding Bitcoin for a long time is also a very good option to do.

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Quote from: wmaurik on July 30, 2022, 05:59:01 AM

Quote from: harapan on July 26, 2022, 11:20:43 AM

I think the greatest advise someone would give to a crypto enthusiast or someone willing to invest in cryptocurrencies is to hold. An individual willing to invest in cryptocurrencies should be willing to invest and hold for the long run. Besides, long term investments are always best. One can’t invest in a short term and expect to make any meaningful return on investment. Long term investment are always what brings in the profit and that’s why it’s advisable to hold while venturing into investing in cryptocurrencies.

What you say is very clear, because everyone who wants to invest can also see that investing in the long term is the best option as long as he gets coins at a low price. But for those who had bought at the highest price like Bitcoin, then now it's just patience that they have to increase in order to wait for the recovery to arrive. So the investment does not always have to be in the long term, even though the options are much better than the short term.

Holding is the key to success when it comes to investing in bitcoin, you do not need to be adept at technical analysis or to have experience trading in order to make a profit when it comes to bitcoin. The upside of bitcoin is that as long as you persist in holding it for a long period of time, then you are likely to make a profit as well, sometimes an extremely high return.

Topic: Ignore the dip and Invest in Bitcoin for long term - page 2. (Read 2435 times)