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Topic: Ignore the dip and Invest in Bitcoin for long term - page 7. (Read 2433 times)

hero member
Activity: 2478
Merit: 694
SecureShift.io | Crypto-Exchange
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.
sr. member
Activity: 1274
Merit: 457
Vave.com - Crypto Casino

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.
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. 
legendary
Activity: 1904
Merit: 1176
Glory To Ukraine! Glory to the heroes!

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.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform

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.
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.
member
Activity: 350
Merit: 37
★777Coin.com★ Fun BTC Casino!
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....
hero member
Activity: 1666
Merit: 513
Leading Crypto Sports Betting & Casino Platform
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.
copper member
Activity: 2226
Merit: 605
🍓 BALIK Never DM First
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.
legendary
Activity: 3178
Merit: 1054

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.
hero member
Activity: 1666
Merit: 453
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 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.

full member
Activity: 1834
Merit: 166
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.
newbie
Activity: 17
Merit: 0
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.
member
Activity: 198
Merit: 10
COMBO Network ex COCOS-BCX
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.
sr. member
Activity: 1092
Merit: 342
Hire Bitcointalk Camp. Manager @ r7promotions.com

 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 will not buy with the current state of the market, I will ignore the decline in the crypto market any longer, at least in 2023, whatever happens is my choice.

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.
If you have money you can buy little by little and not spend all your money buying at once, the best investments have to be made waiting a long time, if you see the purchase of bitcoin as putting money in a bank, it is the best thing you can do, when we put money in a bank we hope to have more profits, but the danger is that if the money falls in value or suffers from inflation as it is happening, the best option in the long term is bitcoin because for me it is the money of the future and what does it have favorable behavior over time.
hero member
Activity: 1694
Merit: 516
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.
hero member
Activity: 1820
Merit: 537
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.
It is not a bad idea that could work for some people, but personally I prefer to look at the price once in a while as a way to keep myself informed about what it is happening and how the market is moving, however this is something that we can do because we have already survived a bear market, basically what it is happening is not something that is new to us and as such we have better self-control than someone that is experimenting a bear market for the first time, so we can avoid taking those measures and still not panic at all.

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.
legendary
Activity: 2534
Merit: 1338
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.
It is not a bad idea that could work for some people, but personally I prefer to look at the price once in a while as a way to keep myself informed about what it is happening and how the market is moving, however this is something that we can do because we have already survived a bear market, basically what it is happening is not something that is new to us and as such we have better self-control than someone that is experimenting a bear market for the first time, so we can avoid taking those measures and still not panic at all.
legendary
Activity: 2660
Merit: 1074
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.
The cycle seems to be a difficult one these days. We dropped under 20k all over again in a single move, all it took was a whale and that is why we are down again. It means that the cycle gets stuck sometimes. Yes it does go up and down and that is cliche and that is known.

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.
member
Activity: 790
Merit: 44

 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 will not buy with the current state of the market, I will ignore the decline in the crypto market any longer, at least in 2023, whatever happens is my choice.

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.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
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.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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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