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Topic: Ignore the dip and Invest in Bitcoin for long term - page 8. (Read 2433 times)

sr. member
Activity: 1330
Merit: 289
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?
what you're saying right now is excellent correct and I found out that it is it the mentality of investors is to get profit and that is why whenever market is on read colour everyone panic to sell in order to make profit and not to involve in Lost, the future of Bitcoin is not predictable and that should be one of the major reasons why no one is supposed to panic and sell when Bitcoin is experiencing red so what you said is reasonable enough for some people not to rush and they sell out their currencies because of sign or a symbol off cryptocurrency falling
hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
I just don’t mind the dip anymore as I am now committed to buy Bitcoin every month through the traditional old-school dollar-cost averaging (DCA) method. BTC is for long term and I have regretted not doing DCA with it before because of being complacent with various altcoins (especially the pump and dump ones).

Regardless of the price right now, I’ll just keep buying every month with my extra “not beer” money.

Since no one is a fortune teller and no one can predict the top and bottom of bitcoin, it's best to buy bitcoin on every dip and do the dollar cost average. 
For those who have missed the previous bitcoin rally this might be another or a last chance to jump in, invest in bitcoins and wait for the next all time high which will surely be near the halving.
No one has got the ability to make precise price predictions on the drop and bounce of the market. With cryptocurrency every opportunity needs to be used. Once an opportunity missed will make the user wait for a much longer time period to experience similar market situation. When market is down it is good to do Dollar Cost Average. Investing now will assure profit in the long term.
hero member
Activity: 2968
Merit: 687
(...)
Smiley 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 are we saying in Bitcoin is that it depends when you invest in Bitcoin especially when bitcoin is down grand, and you purchase Bitcoin after investing in it for long time there is nothing will make you not to make a good profit in it since it's been bought dream The bearish time. Ethereum is altcoin and making profit in altcoin investment eat something that is fair because any cryptocurrency investment altcoins are the ones that gives profit Bitcoin so bitcoin gives for long term holding
Why would need to choose one if you could have multiple or other coins on your portfolio in speaking on long term? Not all would really be just solely focusing on bitcoin but it cant really be denied that it is one of the most preferred in terms of long term holds but of course there are people or investors who do really find for alternative aside from the main ones.

Its really easy to say that ignoring the dip and go for long term but as a human being then having that anxiety and doubts could really be just a normal situation for you to
experience since we dont want or like to lose money which its understandable on having these kind of reaction.

If you do go for long term then there are other traditional investments we could take, or simply talking about diversification.
sr. member
Activity: 1330
Merit: 289
(...)
Smiley 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 are we saying in Bitcoin is that it depends when you invest in Bitcoin especially when bitcoin is down grand, and you purchase Bitcoin after investing in it for long time there is nothing will make you not to make a good profit in it since it's been bought dream The bearish time. Ethereum is altcoin and making profit in altcoin investment eat something that is fair because any cryptocurrency investment altcoins are the ones that gives profit Bitcoin so bitcoin gives for long term holding
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
I just don’t mind the dip anymore as I am now committed to buy Bitcoin every month through the traditional old-school dollar-cost averaging (DCA) method. BTC is for long term and I have regretted not doing DCA with it before because of being complacent with various altcoins (especially the pump and dump ones).

Regardless of the price right now, I’ll just keep buying every month with my extra “not beer” money.

Since no one is a fortune teller and no one can predict the top and bottom of bitcoin, it's best to buy bitcoin on every dip and do the dollar cost average. 
For those who have missed the previous bitcoin rally this might be another or a last chance to jump in, invest in bitcoins and wait for the next all time high which will surely be near the halving.
hero member
Activity: 2282
Merit: 659
Looking for gigs
I just don’t mind the dip anymore as I am now committed to buy Bitcoin every month through the traditional old-school dollar-cost averaging (DCA) method. BTC is for long term and I have regretted not doing DCA with it before because of being complacent with various altcoins (especially the pump and dump ones).

Regardless of the price right now, I’ll just keep buying every month with my extra “not beer” money.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
I don't know how ops come about mixing up Bitcoin profits to ethereum, all I can see is he is trying to advise how to sell high and buy low. But in my observation of investments like Bitcoin is that a long time goal is good but then one needs to keep constant contact with the market so that you will. not end up losing everything, must, especially in a volatile market like cryptocurrencies.
hero member
Activity: 2758
Merit: 617
Leading Crypto Sports Betting & Casino Platform
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.

The price of bitcoin was around17,900$ few days ago , and then it moved up to 21,000$ approx. Many people missed to buy at that time but now bitcoin is near 19,000$ and there is likely a chance bitcoin might hit the 17,000$ again.

If anyone don't want to miss again this golden opportunity  to buy, then they should place the buying order at 17,000 and 18,000$. Bitcoin migh make a wick on these low prices before again heading towards 20K+.

Dips are for buying and not for panic selling.
sr. member
Activity: 702
Merit: 251
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.
sr. member
Activity: 2030
Merit: 323
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?
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.
newbie
Activity: 18
Merit: 0
It is useful advice, but when the market is in decline, a dip may be a better option. Although long-term investment in bitcoin is also a good strategy.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The question is, could everyone do this? No, and not only do they fail to do this, many in fact do the exact opposite. Isn't it that we are told to buy low and sell high? But many are actually buying when there's a surge in price because they FOMO and sell when there's a big correction because they panic. If only people would begin to be strong enough to buy the dip, corrections would cease to be what it is right now, a time for panic selling.
Only people with strong hands can do it, while others will panic seeing market conditions that change every day. Our job is to buy low and sell high and we don't have to look at market conditions every day, especially if we can't control how we feel about a volatile market. Maybe people must leave the market once they can buy at low prices so they won't be swayed by negative news.

I don't even know if this strategy of leaving the market or not monitoring the prices is applicable to emotional investors. I'm sure emotional Bitcoin owners cannot stand a day, even an hour, not checking its price. So it is either they invest with a strong hand and be completely aware of the risks and possibilities of Bitcoin or they will fall to fear and sell when the going gets tough. If somebody cannot help but panic when the market condition is bad, he also cannot help but look at the price every now and then.
I don't think that strategy would work for emotional investors because they might act rashly if something were to happen to the market. They can't think about what they should do and only think about getting out of the market with their money. This is why they can't hold bitcoins much longer because they are easily influenced by what people say. They really need to learn to handle their emotions so that they can be wiser in dealing with ever-changing market situations.
jr. member
Activity: 63
Merit: 1
Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account.

So you mean to forget about it for about 5-10 years?
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
If you can hold on to your nerves and relax without getting panic looking at the charts provoking you to sell then definitely you can gain profits from btc in long run once the prices are revived.The other way is invest some amounts at these dips which will help you more but if you can't then simply hold it.
The downtrend tends to affect people's nerves and also the fact that the prolonged bear market has an effect on both the wallet and the moral of a trader. In such times I feel moving away from the market for a short period of time works wonders. By that time some of your proposed orders will have been completed and you would be delighted to see that you are accumulating the right asset in the right direction.

Liquid money crunch is the problem that one will face in such times. In such cases, just stop buying for sometime and let the market recover. After all you will make money when you sell these assets at the bigger price so you have to wait it out anyway.

The important thing is not to panic sell and exit, that is the test of patience here.
sr. member
Activity: 2030
Merit: 356
Not going to ignore the dip because its what gives opportunity to buy bitcoin lower and lower as it dips. It all depends on the type of trader that you are. Some do short term trading/investing while some do long term. It's just to stick to what works for you.

Yes, rightly said why ignore the dip? Rather we should wait for the dip to buy bitcoin at cheap prices. The current bitcoin prices are the cheapest to invest for the mid to long term. Only a year ago, people used to say that they will buy bitcoin of it reaches 20K again. Today, the price is again 20,000$ but most of them are still not buying and they consider that even 20K is a high price for bitcoin. These people never buy bitcoin as they just keep on waiting forever.
Buy now else you will regret it when you will see bitcoin reaching all time high again in 1-3 years.
sr. member
Activity: 2366
Merit: 366
The question is, could everyone do this? No, and not only do they fail to do this, many in fact do the exact opposite. Isn't it that we are told to buy low and sell high? But many are actually buying when there's a surge in price because they FOMO and sell when there's a big correction because they panic. If only people would begin to be strong enough to buy the dip, corrections would cease to be what it is right now, a time for panic selling.
Only people with strong hands can do it, while others will panic seeing market conditions that change every day. Our job is to buy low and sell high and we don't have to look at market conditions every day, especially if we can't control how we feel about a volatile market. Maybe people must leave the market once they can buy at low prices so they won't be swayed by negative news.

I don't even know if this strategy of leaving the market or not monitoring the prices is applicable to emotional investors. I'm sure emotional Bitcoin owners cannot stand a day, even an hour, not checking its price. So it is either they invest with a strong hand and be completely aware of the risks and possibilities of Bitcoin or they will fall to fear and sell when the going gets tough. If somebody cannot help but panic when the market condition is bad, he also cannot help but look at the price every now and then.
legendary
Activity: 2044
Merit: 1075
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.
I tried acting like this in the past , I even wonder how to forget about the investment and let it there for at least 3-5 years , but suddenly ? i cannot manage to make it happen because it is hard to deny the fact that when browsing this forum we will be triggered to check the market from time to time so just admit it, we are here to check our valued asset each time and decide what to do after.
and this is why many are turning into losses because of panicking after seeing the market fall badly.
I think checking the market is not the problem, if you are not taking any actions then checking the market is fine. I haven't sold many coins for the past 2-3 years, I mostly bought and stored them on binance and did nothing else. Have I not been here? I have been here for so long that I actually earn enough money from writing here that I can put that into bitcoin and store that as well.

That 50 bucks I earned 2-3 years ago for writing a week? Well, that is now 200 bucks because of how much the price went up. This is how you make money, you buy and you hold, and if you really really need to, sell only a little. As long as you do that, you could always be here, or check the markets.
jr. member
Activity: 48
Merit: 2
Bangladesh Bank is known to buy or store bitcoin in other cryptocurrency in Bangladesh, but according to the law of Bangladesh, it is illegal to trade or save bitcoin or any other cryptocurrency.
hero member
Activity: 2058
Merit: 710
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?
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.

If we should go by the history of bitcoin, we would be able to find out that bitcoin always bounces back in price after a long bearish market. As the crypto market is unpredictable, so is bitcoin's future. The present market condition of bitcoin requires us to buy the deep rather than sell. Sell now and regret it later
Totally agree with what you said because selling all Bitcoins now will give you more regrets later or when Bitcoin increases again. I think for now is the time to stick with all existing assets and also buy as much as possible before things escalate again in the market.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
Not going to ignore the dip because its what gives opportunity to buy bitcoin lower and lower as it dips. It all depends on the type of trader that you are. Some do short term trading/investing while some do long term. It's just to stick to what works for you.

That is if you have a steady funds that allotted only in this kind of scenario , because if you are going to sell other coins just to buy bitcoin then the tendency of you losing in altcoin bump is there.
we should remember that both bitcoin and legit altcoins are moving forward and downward together so yes best to have them both and you must always ready in occasions like this.
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