Keep calm and buy the dip! Told yah. - page 6.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: adzino on January 08, 2022, 11:04:02 AM

I doubt it is easy to find out the actual bottom of the price before a pump, but I would still say buying every dip is totally worth it if you are planning to hold long term. Buy the dip, or you might regret not doing it. If it dips even further, then buy more if you can afford to invest and it will bring down your average buy price. As long as you aren't selling cheaper than your buying price, you won't be making loss even if the price falls. You still hold the same number of coins. But it's a whole different story if you aren't planning to hold long term and wish to make some quick profit.

You may hold the same number of coins, but we all know what matter most. Profitability vs the USD or other fiat value.

In my opinion, If I was to be the dip the price would have to drop to the 10k- 8K level at least, which is very possible with Bitcoin and dip higher than that would just be for short day or intraday trades.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: ChrisPop on January 08, 2022, 09:49:37 AM

I'm not an adept of drawing candlestick patterns so early. I mean merely half of the formation is completed. In my experience plotting drawings like that will only make you hopeful and think that you know what will happen before. Objectivity is key here and emotional supression when it comes to financials. Wink

Create an object like buying at the dip you think.

Just like now, the price of bitcoin hit rock bottom of $40k and many of us consider this as a very low support price for bitcoin after hitting the ATH. And that's what people are thinking of and to say that we're still at a high price level, many won't like to talk about that.

It is because they've got higher standard for the price of bitcoin and they don't want to settle at the current support. Nevertheless, buy the support and this dip if it's comfortable to you.

Mauser

hero member

Activity: 1974

Merit: 534

Quote from: Coin_trader on January 07, 2022, 03:06:48 AM

Keep calm and hodl!

Standing 100% behind you on this one. No point in panic selling now, just to buy back the coins in a few weeks. Rather than selling into the dip and make things worse I want to buy more coins. The first thing I did this weekend was to withdraw some of my poker money and put it into bitcoins. It's not realistic to sell now and hope to buy back at 20,000 or 10,000 level. When it comes to HODL investing it means to hold when the price rises and when the price falls. We need to remind ourselves that HODL was one of the most successful strategies over the last few years. There is no reason to abandon it now.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: ChrisPop on January 08, 2022, 09:49:37 AM

In my experience plotting drawings like that will only make you hopeful and think that you know what will happen before. Objectivity is key here and emotional supression when it comes to financials. Wink

Is true that when you draw graph or plotting it makes you already know what will happen but it is in the space of speculation and it is that speculation that will guide you to grow in profit if you keep applying the stoploss. The graph plotting is technical analysis that gives the trade an insight to what is to be expected. If you don't have a good knowledge of technical analysis, there is a good chance that you may not be able to speculate properly. Therefore the use of graphs is with caution which is the emotional aspect of it. We need to be guides in our trade.

ven7net

full member

Activity: 1946

Merit: 112

Quote from: Coin_trader on January 07, 2022, 03:06:48 AM

I know most the user here especially newbie are already in panic due to the current retest on support of BTC to 40K level. I just want to share this TA from my trusted TA analyst to give some hope to those user who's already losing faith to Bitcoin.

This H&S pattern will be rejected once BTC price break the 40K level which is very low to occur since MACD is already bullish on the following week. Keep calm and hodl!

Of course, if you already own Bitcoin, then you need to hold it exactly as long as you need to achieve your goal, in this case, the desired price. Personally, at the moment, I would also not sell my BTC, but simply waited for a new upward spurt in the price. As for buying BTC at such moments, I believe that you need to look at the market on a global scale, since this is the only way to see the direction of the market and understand whether it was worth buying BTC now or it is better to wait until the price drops below. In any case, many people, like me, believe that another flight to the moon awaits us and this hope that motivates all BTC holders to wait for growth.

Rdavidgc

newbie

Activity: 4

Merit: 0

So what do you think now?

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: Bitcoin_Arena on January 07, 2022, 03:39:12 AM

Quick question.

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? Grin

Well, I have done it before.

The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying

I doubt it is easy to find out the actual bottom of the price before a pump, but I would still say buying every dip is totally worth it if you are planning to hold long term. Buy the dip, or you might regret not doing it. If it dips even further, then buy more if you can afford to invest and it will bring down your average buy price. As long as you aren't selling cheaper than your buying price, you won't be making loss even if the price falls. You still hold the same number of coins. But it's a whole different story if you aren't planning to hold long term and wish to make some quick profit.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Finestream on January 07, 2022, 02:54:04 PM

That is, if the market won't be bearish at all so we can expect that bitcoin will continue to reach its new ATH. Well, the current scenario might bring fear and panic to those newbies and for those people who are expecting for bitcoin to skyrocket again. But since we are already seeing the bearish side of the market, then we can start buying at the dip since it brings new opportunity to those who want to buy and hold. At least, we know that in the near future, there are profits waiting ahead of us.

Well, I wouldn't expect the bear trend yet to happen since Bitcoin is like starting to gain a momentum this time around by letting people to buy the dip as much as they can. Once this dip is all done we will gonna see the pump that we're waiting but the question is will it really going to break the ATH or going to pump at $100k to $200k?

That's the question that worries me a lot since people might expect too much from the market then the market suddenly change since it's been known to be unpredictable.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

I'm not an adept of drawing candlestick patterns so early. I mean merely half of the formation is completed. In my experience plotting drawings like that will only make you hopeful and think that you know what will happen before. Objectivity is key here and emotional supression when it comes to financials. Wink

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: Issa56 on January 07, 2022, 06:28:49 PM

The best thing you should do now is to hold and if you are having extral funds again you can still buy more coins now that the price are down and if you don't have extral fund just hold the coins you are having.

With the history of cryptocurrency and bitcoin nobody can predict exactly the way the movement of price goes and when it is falling time you can't hold it back from dropping. I think to give it time for the drop to settle is better. You can study the candlesticks on a longtime duration to see the formation of recovery and you just have to determine that first before buying and not to buy in the dip moment.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Keeping calm and buying the dip is what we must do this time and sell it if the price increases.
This time, I guess we can use the buy low and sell high strategy because the price can move up and down many times, giving us a chance to make a profit.
But if you think you can not analyze the deeper of the market, you should not try to buy and sell high many times instead just buy low, wait and once the price increase, sell it although the price increases need time.
But buying the dip is not easy because the price can go lower without notice.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: goinmerry on January 07, 2022, 06:50:02 PM

Quote from: Coin_trader on January 07, 2022, 03:06:48 AM

I know most the user here especially newbie are already in panic due to the current retest on support of BTC to 40K level. I just want to share this TA from my trusted TA analyst to give some hope to those user who's already losing faith to Bitcoin.

Actually, for those who are panicking, no need for such TA's, and all they need to understand is, BTC is not that doomed as being bearish already happened many times, and what's next after? BTC is always on an uptrend and it's just a matter of when it will happen again.

I like to see these people panicking so that they will realize that there's nothing in BTC as always going upwards. Rather than panic, they need to do consider buying at this point and don't ask the question later on if it's time to buy once the bull run commences.

They would regret soon if they do saw some recovery once again. Cool

For now they are currently whining and panicking on whats happening in the market now without even realizing that these times are the best times for them to enter or buyback but cant really deny
nor ignore the emotion inside even myself do still have those feelings too.

Buy the dip? Something easy to say than done but if you do trust up your investment much then this wont really be a bothering some.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Coin_trader on January 07, 2022, 03:06:48 AM

I know most the user here especially newbie are already in panic due to the current retest on support of BTC to 40K level. I just want to share this TA from my trusted TA analyst to give some hope to those user who's already losing faith to Bitcoin.

Actually, for those who are panicking, no need for such TA's, and all they need to understand is, BTC is not that doomed as being bearish already happened many times, and what's next after? BTC is always on an uptrend and it's just a matter of when it will happen again.

I like to see these people panicking so that they will realize that there's nothing in BTC as always going upwards. Rather than panic, they need to do consider buying at this point and don't ask the question later on if it's time to buy once the bull run commences.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: LastKiss on January 07, 2022, 06:07:23 PM

Quote from: Zilon on January 07, 2022, 05:24:55 PM

This is sweet time to get back at the market to recover from some opportunities missed in previous times. Retesting $40k is a clear picture that if the price doesn't fall below $40k we should be heading for the moon in not long a time. Many would sell off out of panic but it's more wiser to buy more now and wait for the new bull run. If the price could even fall below $40k I would be happier to buy even more and more

Yes, it's a great time for us to accumulate more in our bag, we should learn from what happened in a couple years ago if we dont want to miss this discount rate then start to prepare some money that you can afford to lose and buy the dip. I agree that many people will keep this momentum to keep their profits not much lower if they wait to sell their profits will go lower than now that's why people panic sell.

If the price support will even go down below $30k, i think that will be the best time to buy bitcoin and altcoins that will surely create higher value after this dip. And considering that the market price even falls deeply, it will be very possible. If you are wise investor, you will probably prepare for this. But if you are one of those who are in panic, better keep calm and stay hodling your coins. And definitely add more on your portfolio by buying in this dip and wait for future profits.

Issa56

hero member

Activity: 1484

Merit: 928

I believe you are right most newbies will definitely sell there coins at lost now because they are scared, I believe you don't have to panic and sell because the Market will soon bounce back which you will regret why you sold at lost. The best thing you should do now is to hold and if you are having extral funds again you can still buy more coins now that the price are down and if you don't have extral fund just hold the coins you are having.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: mk4 on January 07, 2022, 04:46:16 AM

Quote from: Bitcoin_Arena on January 07, 2022, 03:39:12 AM

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? Grin

Well, I have done it before.

Even the best traders make mistakes a lot of times. It's just that you make sure you have some sort of "contingency plan" if your initial plan(like buying the dip too early) doesn't go well; like having more cash ready for more dips and such.

I have bought bunch of altcoins & bitcoin itself ofcourse for the third try now after cutting all my losses at the $55k level and $46k level.
thought it was the dip before we could go for another skyrocket to $100k , it cost me 15% × 2 losses . 30% of my portofolio gone for good.

now the last try i could go for $41k and so do with altcoins that hits so hard. extra cash needed at this point. 50% target up for my portofolio!

LastKiss

sr. member

Activity: 2184

Merit: 251

SOL.BIOKRIPT.COM

Quote from: Zilon on January 07, 2022, 05:24:55 PM

This is sweet time to get back at the market to recover from some opportunities missed in previous times. Retesting $40k is a clear picture that if the price doesn't fall below $40k we should be heading for the moon in not long a time. Many would sell off out of panic but it's more wiser to buy more now and wait for the new bull run. If the price could even fall below $40k I would be happier to buy even more and more

Yes, it's a great time for us to accumulate more in our bag, we should learn from what happened in a couple years ago if we dont want to miss this discount rate then start to prepare some money that you can afford to lose and buy the dip. I agree that many people will keep this momentum to keep their profits not much lower if they wait to sell their profits will go lower than now that's why people panic sell.

TinaK

hero member

Activity: 1106

Merit: 527

Keeping calm is the right tip while having a deep bitcoin price.
Many investors maybe get panicked right at this moment because the price has been down but only for those people who didn't how bitcoin will be able to move. But those real crypto holders or crypto enthusiasts will understand this situation and try to be strong not to spend their bitcoin or they will belong to the panic seller.

For now, holding and accumulating is the best answer to this stop the FUD.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Zilon on January 07, 2022, 05:24:55 PM

This is sweet time to get back at the market to recover from some opportunities missed in previous times. Retesting $40k is a clear picture that if the price doesn't fall below $40k we should be heading for the moon in not long a time. Many would sell off out of panic but it's more wiser to buy more now and wait for the new bull run. If the price could even fall below $40k I would be happier to buy even more and more

^ It could be!
Considering the previous scenario when the BTC price goes down it will always have a recovery on the price after a few weeks.
But the problem of those small-scale investors is easy to get panic and could be the BTC price will take time to recover since they don't understand yet how the BTC works the price. If we help them not to become a panic seller, probably that is a good idea but people nowadays want to make a short time profit not a long term investment. Hopefully, the BTC price will not down less than $40k.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

This is sweet time to get back at the market to recover from some opportunities missed in previous times. Retesting $40k is a clear picture that if the price doesn't fall below $40k we should be heading for the moon in not long a time. Many would sell off out of panic but it's more wiser to buy more now and wait for the new bull run. If the price could even fall below $40k I would be happier to buy even more and more

Topic: Keep calm and buy the dip! Told yah. - page 6. (Read 1326 times)