Truth is many investors don't have a long term investment goal otherwise this dip would appear as a great opportunity rather. Even though btc since time of existence has surpass previous ath whenever the bear season ended people are still in doubt.
I think it is time the crypto community have a long term goal and stop panicking during bear season.
Topic: Ignore the dip and Invest in Bitcoin for long term - page 7. (Read 2435 times)
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 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.
same here. i can not ignore the dip that i have to sell my BTC to expect another dip. we know the market follows a recovery cycle which is why people are also selling. if they are buying, that's the time its good to buy as well. if you start DCAing today, that means you really have the money to sustain yourself despite the price continue declining. we have different preferred strategy but a short term traders would rather by buying at $30k-$35k again as long as the market will not go against their trade.
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....
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 were really lucky because you bought from Dip and sold at almost the highest level. Many of us who are investors cannot survive in the bearish market. They often sells having lose but can't hold. Which is accepted as the biggest reason for losing assets. It is true that always we will not get the dip as well as sell it to the high. So I think it makes sense to make a quick decision through research. 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.
The price of Bitcoin has come down one step again, hopefully it will come down further. The fall in the price of Bitcoin will create a golden opportunity for investors. So invest some of your capital in Bitcoin at your convenience. Make good money.
Yes, so don't ignore the dip. When the bitcoin price is going down, we should not sell our bitcoin, but we should buy more bitcoin when the price is going down. the market will repeat will go up and down and always will, should not miss any moment. As long as you do not act in a manner that is contrary to the "buy low, sell high" rule of investing, you should be fine. The dip market is an opportunity not always available, it will be a long time before we can meet again, so don't miss it. same here. i can not ignore the dip that i have to sell my BTC to expect another dip. we know the market follows a recovery cycle which is why people are also selling. if they are buying, that's the time its good to buy as well. if you start DCAing today, that means you really have the money to sustain yourself despite the price continue declining. we have different preferred strategy but a short term traders would rather by buying at $30k-$35k again as long as the market will not go against their trade.
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.
I cannot ignore the dip, because there are a lot of the altcoins out there in the market that has a potentials, they might have a cheap price for now but its a good chance for me to buy them
then hold in the long term. While Bitcoin was really good to hold for a years because for it is a good investment.
I read some statements that when we want to get diamonds, be patient because by making long-term investments, we can get big profits differently if we make short trades, we will only get small returns with the same capital. long term because our mental and emotional will be spurred when doing daily trading so that big mistakes can occur, that's where patience is very important in us making any investment, especially in crypto with high price fluctuations.
Day trading is not everyone's cup of tea and you need to have experience for it and observe the market carefully and can loose funds with single wrong move so it's said that it you don't want to indulge in these skillful practice then simply hold or invest during dips but for long term say 3-4 years as the past chart says your returns will be good in long term but talking about btc only here.Doing day trading activity at the present time now is not advisable in my own opinion, especially if you are not that knowledgeable in the crypto trading.
I read some statements that when we want to get diamonds, be patient because by making long-term investments, we can get big profits differently if we make short trades, we will only get small returns with the same capital. long term because our mental and emotional will be spurred when doing daily trading so that big mistakes can occur, that's where patience is very important in us making any investment, especially in crypto with high price fluctuations.
Day trading is not everyone's cup of tea and you need to have experience for it and observe the market carefully and can loose funds with single wrong move so it's said that it you don't want to indulge in these skillful practice then simply hold or invest during dips but for long term say 3-4 years as the past chart says your returns will be good in long term but talking about btc only here.
That is the key for long term investments - to ignore the short term market fluctuations. Markets are turbulent by nature, and volatility is to be expected from time to time. Be consistent with your investment aim and risk profile. It will help you achieve your long-term goals while also making the journey more enjoyable.
I read some statements that when we want to get diamonds, be patient because by making long-term investments, we can get big profits differently if we make short trades, we will only get small returns with the same capital. long term because our mental and emotional will be spurred when doing daily trading so that big mistakes can occur, that's where patience is very important in us making any investment, especially in crypto with high price fluctuations.
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 realized the failure that I had experienced in 2019, where Bitcoin stood at $6000 for a long time, and I never touched it, so I don't want to miss it this time and fail again.
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 fully agree with you, buying right now is a much better idea than to sell our coins. Everybody who is selling now will drive prices lower and makes the bear market worse. And everybody who is buying now will help to make the bear market less severe and help bitcoins to recover. The small transactions most of us do don't have a big impact, but if we all work together we can influence the price also. The best thing to do during the bear market is to hold out and wait for prices to recover. I made the mistake one time in my life to sell to early and missed out on the last bug rally. Not going to fall into the same trap again. We should be buying when the prices are low and selling when prices are high, not the other way round. Who cares in a few years if you bought bitcoins at 18, 21 or 25,000 USD.
The best thing you can do is to not look at it, even if crypto is going up or down.
I did say this is practically impossible to do as long as you have the wallet that contains that Bitcoins installed, so in other to make this really possible, what i suggest is to delete wallet from phone or desktop after sending Bitcoins to it.And for the newbies, you should already know that before deleting a wallet, especially one that contains your fund, you should first of all write down your passphrase and verify that it is correctly written, if you make use of private keys, then you should write it down as well (I do not advice copy pasting cus you might end up pasting it i the wrong place) and keep it or both in a safe place, some place you dont visit often but sure that whatever you keep there remains there and as it is kept until you come back for it.
For me, this is one of the ways or the only way not to look at your Bitcoins when price is going either up or down.
I had a bad experience of not checking the price of my long-term investment. My mistake was I missed the chance of selling my Bitcoin at its high peak. I've learned that even if we say that it's a long-term investment, it doesn't mean that we don't have to monitor it. Setting a target selling price will help so we won't panic when the market crashes. It's a matter of conditioning our emotions and having the right mindset when it comes to monitoring our investments.
The best thing you can do is to not look at it, even if crypto is going up or down.
I did say this is practically impossible to do as long as you have the wallet that contains that Bitcoins installed, so in other to make this really possible, what i suggest is to delete wallet from phone or desktop after sending Bitcoins to it.And for the newbies, you should already know that before deleting a wallet, especially one that contains your fund, you should first of all write down your passphrase and verify that it is correctly written, if you make use of private keys, then you should write it down as well (I do not advice copy pasting cus you might end up pasting it i the wrong place) and keep it or both in a safe place, some place you dont visit often but sure that whatever you keep there remains there and as it is kept until you come back for it.
For me, this is one of the ways or the only way not to look at your Bitcoins when price is going either up or down.
I am more confident that Bitcoin will rise again as it did last year and also as it did a few years ago. The focus that you offer is indeed very good, because for now everyone is better at buying and holding Bitcoin than having to sell everything. Yes, the market is not completely predictable, but trust that market conditions will improve again after this downturn.
That is what bitcoin does, it rises and it falls and it repeats. That is the most guaranteed thing you can hear today, even if everything else fails, bitcoin will always go up and down. Which means that we have been down for a while and that should be going up again, it's about time. I am not saying that it will happen today, but let's be honest crypto has been around for a long enough time to know that it will do well in the future.We need to just stay back, relax and not screw anything up. If you end up doing something that will ruin all the chances we have, then we are going to end up with a big problem and nobody would want that to happen.
However, how about the fact that sometimes it goes up and down more than 50%+ and that is a volatile period and we are used to that, but at the same time there are times when it goes up and down under 10% difference like these days? In that situation I feel like it's stuck and can't move, it goes up 10% and then goes down 10% and that's it, which is nearly stable compared to what crypto can do. That's the part people dislike the most.
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 realized the failure that I had experienced in 2019, where Bitcoin stood at $6000 for a long time, and I never touched it, so I don't want to miss it this time and fail again.
Bitcoin was good coin for the long term,their was no doubt in that.You should handle your emotions in the trading platform.The coin price will reduce for the sure ,at that time you need to hold for the longer period.When the people look for the short period of time,then gambling can be tried.But the trading need of huge patience.It may increase in short period or longer period.So hold till the price of the coin recovered to normal value or above brought price.
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The best thing you can do is to not look at it, even if crypto is going up or down.
I did say this is practically impossible to do as long as you have the wallet that contains that Bitcoins installed, so in other to make this really possible, what i suggest is to delete wallet from phone or desktop after sending Bitcoins to it.And for the newbies, you should already know that before deleting a wallet, especially one that contains your fund, you should first of all write down your passphrase and verify that it is correctly written, if you make use of private keys, then you should write it down as well (I do not advice copy pasting cus you might end up pasting it i the wrong place) and keep it or both in a safe place, some place you dont visit often but sure that whatever you keep there remains there and as it is kept until you come back for it.
For me, this is one of the ways or the only way not to look at your Bitcoins when price is going either up or down.
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