Ignore the dip and Invest in Bitcoin for long term - page 6.

livingfree

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Quote from: Kelvinid on July 07, 2022, 05:48:18 PM

Quote from: livingfree on July 07, 2022, 04:39:42 PM

We always have thought that bitcoin will never go down again because we have that mindset when it's pumping, there's no way that it will have a pull back.

But it happens.

And as you ignore the corrections, you need to have decision that before any pump happens, you're holding it. Also, do not panic if the price now is under from what you've bought it. Eventually, it is going to be back there but it may take time.

It is to say that we can just ignore the market cycle up and down. We thought that last year Bitcoin will continue to grow as the adoption is also increasing but guess what, sudden drops occur and many people say I was wrong. But the good thing is that we see the market is calm, I couldn't even see massive selling (panic), and I think these newcomers had already learned how to handle their emotions and have a positive mindset knowing that the market will soon recover. Thus, instead of selling, people had find this situation to accumulate more and get ready for the upcoming bull season.

I've said about the corrections.

If you're a holder and investor that have been long on holding bitcoin, there's really no need to think about it but only about bitcoin.

It's the correction that makes everyone worried and pressured because any worrying thought is coming if you keep on noticing it.

That's why it's best to ignore the corrections and just execute your plans of stacking.

Fernando Gomez

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Panic selling is the biggest mistake that is made by many investors like done in 2018 when the bitcoin dropped drastically. And I know many of them who regretted selling. It is better to hodl. I hope you haven’t invested the money that you can’t afford to lose.

Kelvinid

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Quote from: livingfree on July 07, 2022, 04:39:42 PM

We always have thought that bitcoin will never go down again because we have that mindset when it's pumping, there's no way that it will have a pull back.

But it happens.

And as you ignore the corrections, you need to have decision that before any pump happens, you're holding it. Also, do not panic if the price now is under from what you've bought it. Eventually, it is going to be back there but it may take time.

It is to say that we can just ignore the market cycle up and down. We thought that last year Bitcoin will continue to grow as the adoption is also increasing but guess what, sudden drops occur and many people say I was wrong. But the good thing is that we see the market is calm, I couldn't even see massive selling (panic), and I think these newcomers had already learned how to handle their emotions and have a positive mindset knowing that the market will soon recover. Thus, instead of selling, people had find this situation to accumulate more and get ready for the upcoming bull season.

lalabotax

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Quote from: Superdoctor on June 26, 2022, 02:19:08 AM

My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. -snip-
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 also have the same strategy, buy when there is a dump and sell it when there is a pump. But sometimes I keep it for a long term, I hold 2-3 years (selling at the bullrun season).

Yes, this bearish season is the right time to buy because the price of most crypto coins is at the lowest rate. We can buy for a short-term holding, or for a long-term holding (selling at the next bullish season). In this bearish season, people's demand for crypto is decreasing, it will increase again when the bullrun season is coming. It looks like to happen in 2024-2025.

livingfree

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Quote from: Rigon on July 06, 2022, 12:40:45 PM

If you can hold on to Bitcoin for a long time by investing in Bitcoin right now, then you can have enough money at one time.As you can see, Bitcoin was at a maximum of $69k.Then we think maybe Bitcoin will never go down again. But slowly Bitcoin has come down again It can be said with certainty that Bitcoin will be in a good position, but there may be a need for time.However, I would say that those who want to invest should invest in this instant market and hold on to it in the long run.

We always have thought that bitcoin will never go down again because we have that mindset when it's pumping, there's no way that it will have a pull back.

But it happens.

And as you ignore the corrections, you need to have decision that before any pump happens, you're holding it. Also, do not panic if the price now is under from what you've bought it. Eventually, it is going to be back there but it may take time.

KingsDen

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Quote from: harapan on July 07, 2022, 01:32:49 PM

If you understand the chart's you will notice that we aren't expecting a upwards movement and flow of Bitcoin. But that doesn't mean we aren't going to buy at a cheaper price and rate. It's a good thing one takes good chance of these as it has also been repeatedly since from way back how Bitcoin flows up and down
Too much of the long talks if you don't want to buy go put your cash where ever you think will profit you, Greed has and will never be a good decision to make.

You stated the fact and it is in agreement with Op. With my little knowledge of the bitcoin chart, there is no sign of massive upward movement soon. Unless a sudden fundamental will happen to trigger the run.

That is why Op has advised that your investment in bitcoin in this period should be for a long term purpose. So, even if you can't buy once, try DCA till we get to the bottom.

Hispo

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Quote from: harapan on July 07, 2022, 01:32:49 PM

If you understand the chart's you will notice that we aren't expecting a upwards movement and flow of Bitcoin. But that doesn't mean we aren't going to buy at a cheaper price and rate. It's a good thing one takes good chance of these as it has also been repeatedly since from way back how Bitcoin flows up and down
Too much of the long talks if you don't want to buy go put your cash where ever you think will profit you, Greed has and will never be a good decision to make.

Anyone here should be aware of the cycles Bitcoin and the cryptocurrency market goes through, so a bear market like you just made reference to is not a weird thing.

Perhaps, what one needs to do in order to be an intelligent investor is to know how balance greed with an strategy. I don't believe one can get rid of greed completely in this kind of market, rather than that it is about control of greed for the sake of one's finances. To avoid mistakes.

YOSHIE

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Quote from: Superdoctor on June 26, 2022, 02:19:08 AM

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 belief is still at 25%, not 100% yet, for the right time to invest in Bitcoin, it looks like the analysis and prediction will continue until the middle of 2023, my understanding.

But everyone has their own way of thinking the best time to invest in Bitcoin, long term is certainly a good choice, but I have experience when the Bitcoin market is like it is today.

At that time Bitcoin was traded for $10k, making some people rush, they thought it was the cheapest, it wasn't, many investment people cried Bitcoin touched the level of $6000, panic is not playing, many of them did not have the patience to finally sell, die, the year broke again to the $60k level, what can I say, all in vain the savings were empty.

Bottom line: some experience has hinted, for sure everyone has their own beliefs about Bitcoin now and in the future.

harapan

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If you understand the chart's you will notice that we aren't expecting a upwards movement and flow of Bitcoin. But that doesn't mean we aren't going to buy at a cheaper price and rate. It's a good thing one takes good chance of these as it has also been repeatedly since from way back how Bitcoin flows up and down
Too much of the long talks if you don't want to buy go put your cash where ever you think will profit you, Greed has and will never be a good decision to make.

ReiMomo

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Quote from: BobK71 on July 07, 2022, 12:51:34 PM

According to my perspective none of the real holders of Bitcoin have lost so far. Those who get loss were not good holders. We have seen the halving of Bitcoin in the last few days and hopefully if the market situation improves we will see the new ATH in the future as well. So it doesn't matter in which price you buy bitcoin, they will not lose what I believe. Those who have not yet purchased Bitcoin this is the right time for them to purchase it and should be hold for long time.

Those who are in trading for years, might know, investing on Bitcoin for a long term would bring in lump of profits than going on a short term. Bitcoin's current price is so good to buy now than waiting for to buy when the price goes down. We are almost 70% down the market when compared to last year ATH hitting $63k. So, obviously the next pump is going to be huge and the next ATH is going to be above $63k one day or other day if not in near future. So its going to bring in huge profits when its held on a long term. Hence yes its a good advice to go for a long term.

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Quote from: Cryptmuster on July 06, 2022, 05:13:57 AM

Quote from: smartaction on July 06, 2022, 04:12:56 AM

I already bought 1 Bitcoin at the price of $20k. I don't know if this is a wrong move for me. And I don't even know if we'll see Bitcoin more dip. But whatever it is, I will hold them tightly. I left the rest to my fate. But I don't think it will disappoint me. So I'm not scared yet.

Have you decided to invest all your funds now, without dividing them, in order to leave a reserve in case of a further fall? On the one hand, if the investment is long-term, then it will bring profit, perhaps in a year, two or more. But on the other hand, if the price drops further and reaches 15k or 10k, then you would have a chance to buy more bitcoin. I do not know if there is a right or wrong strategy for such investments, it will be clear only after a while.

I have about the same situation. I have an income, which is why I really do not expect the situation to be getting any worse, and if it does then I would use some of my income. It's a salary basically, every 1st of every month I get my salary, and by 1st of July if it's lower (tbf even if it's higher) I will buy some more.

This is enough for me, hence why I am 100% fully in right now. I know it's not an ideal situation but at the same time it's not going to be that difficult of a situation neither. Just focus on what you can do, and ignore all the things you can't do, that way you will be able to go all-in and not have any type of worry in your mind at all.

BobK71

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According to my perspective none of the real holders of Bitcoin have lost so far. Those who get loss were not good holders. We have seen the halving of Bitcoin in the last few days and hopefully if the market situation improves we will see the new ATH in the future as well. So it doesn't matter in which price you buy bitcoin, they will not lose what I believe. Those who have not yet purchased Bitcoin this is the right time for them to purchase it and should be hold for long time.

wmaurik

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Quote from: Crptomagma on July 06, 2022, 03:02:16 AM

Nice one this is a good advice, most time the problem with bitcoiners is lack of Patience. Everybody wants to invest today and and become rich today forgetting that Patience is a virtue. Buying the dip and holding until the price increase is the goal. Thanks for this advice....

Only people who don't know investment methods want to get rich immediately after making an investment in a number of things including the matter of choosing cryptocurrencies. And I think that kind of person will never succeed in his investment if he still wants wealth in a moment because in every investment it is very clear that it requires patience as you said.

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Quote from: Baofeng on July 07, 2022, 04:29:03 AM

Not just ignore, but if we see others preaching and saying that bitcoin is dead then that is the perfect opportunity to buy, hehehe. Just like in the past, 2018 bearish cycle, we've heard perma bears coming to live and try to destroy bitcoin, and i would say that they are successful because many have sold that time and pull the price. But moving forward to 2021, we have a new all time high. So this cycle will repeat all over again. Invest right now in this bear market and hold and wait for 2024-2025.

It is the same old recipe - buy when there is blood on the streets. Right now people are under pressure with debt burden rising rapidly and lay-offs causing drops in income --> people are forced to sell assets. Many times they will do it at a considerable loss even if it is painful.

Baofeng

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Not just ignore, but if we see others preaching and saying that bitcoin is dead then that is the perfect opportunity to buy, hehehe. Just like in the past, 2018 bearish cycle, we've heard perma bears coming to live and try to destroy bitcoin, and i would say that they are successful because many have sold that time and pull the price. But moving forward to 2021, we have a new all time high. So this cycle will repeat all over again. Invest right now in this bear market and hold and wait for 2024-2025.

FlamingFingers

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Quote from: bayudndy on June 26, 2022, 02:29:50 AM

Quote from: Superdoctor on June 26, 2022, 02:19:08 AM

(...)

You may have had success with ETH, but how do you believe it with BTC?

The price of bitcoin when ethereum was at $700 then was not up to $20k, imagine having the guts to buy bitcoin when it was at sub 20k and selling at around 50-60k, isn't that a huge amount of profit? The best coin to have believe in and that one can bank on 100% is bitcoin, others are just there to follow and only few of them will live to survive most especially during this bear season

Cryptmuster

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Quote from: |MINER| on July 06, 2022, 11:12:06 AM

Here we can't even say that Bitcoin will come in 15k or 10k. It cannot be said that it can go down. Again, it may give a good bull-run from the vicinity of the current position. I applaud her move, if she holds it long term it will definitely be her 2x 3x profit. And I wouldn't call this strategy wrong, I would say wrong when he was investing in shitty altcoin since he has invested in bitcoin. I don't think there is any possibility of a risk here.

I said, "if it drops to 15k or 10k", because such a possibility cannot be ruled out either. Yes, that's right, even if you buy now you will receive a profit from this investment, the only question is how long you will have to wait before the bull market begins.

If you are talking about risks, then you cannot say that this investment is without any risks. Risks are always present, we can talk a lot about it...

KennyR

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Right now it is time to ignore the market trend. People always want bitcoin to be on the bullish side. When the market turns on the opposite way, there arises fear. This fear over the market is common. In the past whales play wise and use it an opportunity to acquire more bitcoin at lower price. Now this isn't experienced much as people don't get into panic selling.
Right now it is time to enjoy without watching the charts. What we invest will surely give good returns in the long term.

blackened515

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Certainly, the price of Bitcoin will surely rise, and possibly hit a new ATH. What most people lacks is probably the ability to be patience enough to hold up to their Coin during the dip. Although, ignoring the dip is usually not easy. But, Bitcoin price will be sky rocketing to the moon anytime sooner or later. We all have to accumulate more coin, we might not be privilege to witness Bitcoin fall before $20k again. The rule of making profit from Cryptocurrency is simple, "Buy low, be patience and sell high .

Rigon

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If you can hold on to Bitcoin for a long time by investing in Bitcoin right now, then you can have enough money at one time.As you can see, Bitcoin was at a maximum of $69k.Then we think maybe Bitcoin will never go down again. But slowly Bitcoin has come down again It can be said with certainty that Bitcoin will be in a good position, but there may be a need for time.However, I would say that those who want to invest should invest in this instant market and hold on to it in the long run.

Topic: Ignore the dip and Invest in Bitcoin for long term - page 6. (Read 2437 times)