Still got enough cash to buy this Bitcoin dip? - page 4.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

In order to maintain a long standing position, maintain a strategy of investment and be better positioned for accumulated gains as a Bitcoin investor in the cryptocurrency market, some investors may be ready and very willing to spare some extra funds to buy this current dip for the good reasons only.
So, how much would you need to buy the current dip and which reason is worth the risk if asked?

I am continuing with my DCA strategy because I don't have more money to buy beyond my plans. The bad economic situation is making survival very difficult. Saving has become difficult because of the increase in the price of goods. If I had more money I would have bought more because I believe that the price will appreciate in a few months.

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Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

I am against borrowing especially with interest. My best option will be to invest what I can afford in Bitcoin and allow my investments in other sectors to grow.

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Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

Both investors and traders can take advantage of the dip. Traders can make short-term profits while investors can decide to keep it for a long time or make a profit in a few months. But we have to be knowledgeable about the market and avoid greed.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

In order to maintain a long standing position, maintain a strategy of investment and be better positioned for accumulated gains as a Bitcoin investor in the cryptocurrency market, some investors may be ready and very willing to spare some extra funds to buy this current dip for the good reasons only.
So, how much would you need to buy the current dip and which reason is worth the risk if asked?

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

I invested bitcoin and held my investment the market was around $26000 when I invested. From there I still held my investment and even after reaching the maximum position I was not ready to sell my investment. Currently the market has come down a lot but if it is coming down a lot now I have no interest to invest because I have invested. But if the market is dumping a lot at the moment and comes back below 20k then I would think to increase the investment in that case. Also, I don't want to increase my investment by borrowing because the crypto currency market is full of volatility. When I borrow, I increase my investment. Later, if the market is dumping more, if my lender asks me for money, then I sell the investment at a loss and repay the loan. So it is good to invest but it should never be done by borrowing money from one's own money.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

Buying the dip is how you ought to be investing if you actually could identify the dip. You must realize that, the cryptocurrency market is one of the most difficult ti be speculatively correct on and as such, should you be able yo identify certain focal points like the dip and take advantage of it, your at an advantage to get some cool profit.

However, how you go about taking up this investment does matter. You really don’t have to invest more than you can afford to lose or go about taking loans and selling valuables to invest.
Understand that it’s a risky field and you could lose too. If your just diversifying with extra income, then it’s okay but, not having to do away with properties.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

So, how much would you need to buy the current dip and which reason is worth the risk if asked?

If I have the extra money I can say I would buy 50% of that free money. The other 50% is for diversification, just applying the "not put all your egg on one basket" rule

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

For a personal money that is free, I think yes it is worth to buy Bitcoin dip, but saying I have to sacrifice the money allocated to my family budget just to buy Bitcoin dip then no.

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Quote from: lixer on September 10, 2024, 11:21:44 AM

Quote from: nakamura12 on September 08, 2024, 05:20:32 PM

It depends on the person if that person wants to buy more or not. When a person wants to invest, many people ask that person if he/she is willing to take the risk or not so if a person is willing then he/she will surely buy more bitcoin during the dip but it also depends on if that person does have more money to buy bitcoin during this dip. Let's say I am, I do want to buy more bitcoin but I don't have extra cash to buy so that's all what I can do which is to wait for the price to increase or when I have available/more cash earned to buy during the dip. It all depends from different person's decision and willingness to take the risk.

Even if let say they want to buy more but if they don't have a cash or enough of it, they won't still be able to do it. If we want to invest, our personal opinion or decision is what matters a lot and not the others. If we don't have a money yet, that is right that we can't do much than to wait but the dip might get replaced by a pump already once that cash arrived to us. We can still buy if we really want to and this act or buying at any price point is still a kind of buying strategy called as DCA.

The point is not to push too hard. because this is an important thing to realise especially with reference to the op's original question where the word borrowing is actually in my opinion a little contradictory to the concept of investing even though it can still be done.

We must realise that in the end bitcoin is still full of risks so that when we are too forced to invest with all the money we have or we even borrow money just because we want to be in bitcoin but don't have the money to do it I think it's too much and this will actually make our conditions become undirected in good money management.

DCA is still one of the conditions that is still quite worth it to do at this time but in the end it goes back to the initial point where forcing yourself will not have a good impact so that when we want to do DCA it is also important for us to introspect whether what we invest in DCA we can bear or not because in the end even though the investment approach is done in DCA but when we are too forced to do it it will also be a bad situation.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

So, how much would you need to buy the current dip and which reason is worth the risk if asked?

A little, because further decline is possible.

The reason for the risk may be only the desire to get additional profit, but I would not take unnecessary risks. That is, it is better to maintain a balance between risk and profitability.

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

Borrowing for the sake of investing (not only in bitcoin) is out of the question.

I allow selling some assets for the sake of investing in bitcoin during a decline, but assets can mean a wide range of these same assets, so it should be assessed based on the situation. Something less profitable should be sold for the sake of bitcoin.

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

I had already bought some small amount of bitcoin at an earlier decline and it turned out that I could have bought it even cheaper (now) than then.

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Quote from: nakamura12 on September 08, 2024, 05:20:32 PM

It depends on the person if that person wants to buy more or not. When a person wants to invest, many people ask that person if he/she is willing to take the risk or not so if a person is willing then he/she will surely buy more bitcoin during the dip but it also depends on if that person does have more money to buy bitcoin during this dip. Let's say I am, I do want to buy more bitcoin but I don't have extra cash to buy so that's all what I can do which is to wait for the price to increase or when I have available/more cash earned to buy during the dip. It all depends from different person's decision and willingness to take the risk.

Even if let say they want to buy more but if they don't have a cash or enough of it, they won't still be able to do it. If we want to invest, our personal opinion or decision is what matters a lot and not the others. If we don't have a money yet, that is right that we can't do much than to wait but the dip might get replaced by a pump already once that cash arrived to us. We can still buy if we really want to and this act or buying at any price point is still a kind of buying strategy called as DCA.

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Let's say I am, I do want to buy more bitcoin but I don't have extra cash to buy so that's all what I can do which is to wait for the price to increase

Huh? But I think what you mean is you want to sell your existing coins first and now that you have a money, you can now be able to prepare for another dip and start another round.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

In order to maintain a long standing position, maintain a strategy of investment and be better positioned for accumulated gains as a Bitcoin investor in the cryptocurrency market, some investors may be ready and very willing to spare some extra funds to buy this current dip for the good reasons only.

Buying Bitcoin at a lower level is an excellent call and I've warned about the high expectations of people about the unstoppable buying of Bitcoin, smart investments are key with the current situation and one of them with a track record is buying the dip. Bitcoin has somewhat fallen again, buying from the current level can't be regretful even if it further falls a little lower.

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So, how much would you need to buy the current dip and which reason is worth the risk if asked?

Any amount is okay to buy Bitcoin, just "invest the amount you can afford to lose".

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Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

I will never borrow because of Bitcoin at above $30,000, the ROI may not be worth it. However, if I realise some assets might delay in profits or will not affect me if sold, I can temporarily liquidate them for the purpose.

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Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

Yes, it is worth the risk. Bitcoin will always be facing the rollercoaster ride till the end of this year, so hitting around $53,000 is not bad as it might eventually end up above $70,000 again.

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Current BTC dip isn't really an ideal entry. In the past years, there were already a lot of good entries before the pump, and that's the only profitable entry to spend the majority of your cash not today. It's almost close to the current ATH, not very wise investment tho.

Right now, I don't have any fiat to spend on the current dip, (which isn't very practical). Or maybe try spending it on altcoins rather than the BTC dip. ETH's current is 2,3k might go break out soon along with btc.

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I personally never borrow money or sell my asset just to buy Bitcoin, or any other investment. I think it's not worth the risk, and it will not good for me emotionally, I think I will tend to easily sell the Bitcoin when the price go down, if I bought it with those borrowed money. All that being said, I still buy Bitcoin on this current dip, but I buy it at the same amount I buy every month regularly. The different is that definitely I got more Bitcoin than the usual.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

No. If I already had invested in some assets, I shouldn’t move them anymore. I am aware we all want to maximize our returns with bitcoin but I am not going to put all my eggs in one basket as they say. If I had extra cash then that’s when I would buy some bitcoin and not sell all assets and property to buy some bitcoin.

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Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

Yes because I know the potential profit but I will only be willing if I had enough money to do so. Otherwise I don’t want to force my wallet to give out more money than I actually have.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

So, how much would you need to buy the current dip and which reason is worth the risk if asked?

I don't have specific amount of money to spend. I'll just try to buy as many as possible that I can. I'm not a type of investor who has a target on the number of Bitcoin to be owned. I only set a target on which price for selling and when the ideal time for taking profits.

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

I'll never consider "borrow". If it is possible I prefer selling other assets.
It deserves to buy Bitcoin when it is in the dip. We are heading the months of possible green market (November, December), the next year is also predicted as the peak of bullish season. In theory, buying Bitcoin now is very reasonable.

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

Buying Bitcoin at the right time is always worth the risk. Even, we can assume buying Bitcoin now is a bit less of the risk. Both for investor and trader deserves to consider buying Bitcoin when it is heading good months. As long as we buy with safe money, I think it is easy to decide buying more Bitcoin nowadays.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

Borrowing is not a good decision to make a purchase but being a little involved in the risk of borrowing from someone close is not a problem because the most important thing is not to borrow from a bank that charges interest. If you want to sell assets, my question is what assets do you want to sell because in a decline like this, almost most coins experience price pressure.

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

It is certainly not risky to buy when the price is down as long as the money used is a reserve that is saved to buy. It is riskier to buy using a loan from a bank or other party that charges interest when paying in installments. That is why we need planning in running investments and having reserve money to buy in such conditions. When someone understands the financial management pattern in conditions like this, it is very profitable to make purchases of bitcoin.

Most people will make purchases when the price of bitcoin drops and this is what is awaited to accumulate a much larger amount. But the question is how strong our capital is to be able to accumulate the desired amount because most people do not have a strategy in managing finances in conditions like this.

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Quote from: Blitzboy on September 09, 2024, 09:09:47 AM

Bitcoin dips are like little golden tickets, believe me - an opportunity to discount a bit of the future. How then to get the money? Side hustles, folks. Its about building your dreams, not only about covering the expenses. Imagine, your Bitcoin purchases driven by a consistent stream of money. Its clever, useful, and demonstrates your seriousness about the whole tech revolution.

Sure, there are always risks. But as they say, no risk, no reward. Would I borrow money to buy Bitcoin? I love Bitcoin, but debt is a complicated game and we dont need that type of drama in our life. Sure, diversify your assets; but, maintain them within reasonable range.

Is it worth it? Absolutely. But not just a blind "yes." Its a calculated "yes," a strategic "yes," a "yes" filled with optimism for the future. Buying on the dip, with a plan and a belief in the power of technology? Thats how winners are made in the crypto world. Folks, this is the future. Trust me. And you want to be part of it.

Some people hate the decline in the price of bitcoin and some are an opportunity to buy more bitcoin, the mindset about this is the foundation for getting better profits from bitcoin, simply good finances will provide good opportunities for investing, it is a miracle that we have received, no matter where you get the money consistently, as long as it is good enough and supports life and desires then it is worth realizing.

Borrowing money to buy bitcoin in my opinion is too silly, and it is not a good thing to do as an investor, the drama is not worth doing, but if you sell some unused assets, such as cars or land that cannot be used, you can sell it and then invest in bitcoin if we really believe in bitcoin, because all of this will return to the level of trust of each person in bitcoin.
How much money people save in bitcoin depends on how much they believe in bitcoin, I have even heard of people who sold their houses to buy bitcoin when the price collapsed and sold bitcoin again when the price was above the sky which changed the person's life.

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Bitcoin dips are like little golden tickets, believe me - an opportunity to discount a bit of the future. How then to get the money? Side hustles, folks. Its about building your dreams, not only about covering the expenses. Imagine, your Bitcoin purchases driven by a consistent stream of money. Its clever, useful, and demonstrates your seriousness about the whole tech revolution.

Sure, there are always risks. But as they say, no risk, no reward. Would I borrow money to buy Bitcoin? I love Bitcoin, but debt is a complicated game and we dont need that type of drama in our life. Sure, diversify your assets; but, maintain them within reasonable range.

Is it worth it? Absolutely. But not just a blind "yes." Its a calculated "yes," a strategic "yes," a "yes" filled with optimism for the future. Buying on the dip, with a plan and a belief in the power of technology? Thats how winners are made in the crypto world. Folks, this is the future. Trust me. And you want to be part of it.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

So, how much would you need to buy the current dip and which reason is worth the risk if asked?

If I have $500-$2000, I'd do it. Smaller accumulations are good but the return won't be felt that much bu still it's in profit.

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

Nah, never.

Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

As an investor it is. As a trader, to give the reminder, it's making more losers than winners.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

It'll be a mistake and a bad business decision to buy a volatile asset with borrowed money because you don't know precisely when you will profit or lose. If you must borrow to buy Bitcoin then you can risk it during bull run when price is skyrocketing but it's risky because you don't know when bear run will cut off the bull.

I can sale an asset that is not profitable to buy Bitcoin in this dip and accumulate as much as I can because it's the best time to buy. Bitcoin is a valuable asset and I will get my ROI in the peak of bull run, all I have to do is buy, hodl and wait.

Diversifying profits from another business to buy Bitcoin is the best way to accumulate during this dip because it's not your working capital. If the profit is coming in regularly then you can DCA to bull run and get double massive returns on your diversified investment capital. Buying Bitcoin during this dip with your hard earned money will be a very wise business decision

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

With this current Bitcoin dip, every investor especially those who haven't accumulated much, would be developing different strategies to seize this opportunity as it doesn't happen frequently. Many investors often don’t have reserve funds for scenarios like this, unless they go the extra mile by using their personal savings. Borrowing to invest in this dip might seem tempting to some of us, given the level of the dip, but it's not ideal, especially when an investor doesn't have a continuous stream of income. But if an investor have a continuous stream of income and currently lacks funds to buy this current dip, then they can take the risk of borrowing. Personally, I prefer to take the risk of selling few assets like crypto projects that aren’t performing well.

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Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

I don't really know about traders because I am not one, but as a long term investor, I think this dip is a massive opportunity for me, so any risk taken by me totally worths it.

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Quote from: Cryptomultiplier on September 08, 2024, 12:01:03 PM

Would you borrow, diversify or sell some assets inorder to buy Bitcoin dip, because of future profitable prospects?

Is buying Bitcoin dip worth the risk for you as a Bitcoin investor or trader ?

Have you ever thought about a situation where you borrow money and invest but then the price of bitcoin continues to drop? Then maybe you will repeat it again but things are not lucky and get worse, what will you do? What is your solution when the price of bitcoin keeps falling after you have borrowed money to invest in it? If you don't have a solution for that situation, I advise you not to borrow money to invest just because you see the price of bitcoin is going down.

Investing in bitcoin is not as safe as many people think, don't look at its past and assume that it will always maintain such growth performance in the future. There are no guarantees and anything can happen. So you should only invest within your means, don't be too greedy, sometimes the price to pay is very high.

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Quote from: Smack That Ace on September 08, 2024, 07:25:56 PM

You need to remember that the entire crypto market depends on bitcoin, if you are not optimistic and think that bitcoin cannot continue to grow, cannot reach $100k then the rest of the market will gradually disappear including Doge.

What competitor are you talking about that is undermining bitcoin's utility and preventing it from continuing to grow? So far, Bitcoin has virtually no competitors because it is the only decentralized asset.

Bitcoin is NOT the only decentralized project... get off your high horse, his been smoking too much meth.

Bitcoin is not as impacting on other project price as it was in the past, some projects are going up when Bitcoin goes down.

https://bitcointalksearch.org/topic/m.64498097

For the last 6 months Bitcoin is going down:

https://www.tradingview.com/symbols/BTCUSD/
https://www.tradingview.com/symbols/XMRUSD/

It's glory has ended due to losing everyday utility ground, there's just no reason to go back to Bitcoin when you go to Monero, try it for yourself.
As a Bitcoin holder you will disagree even to this facts, you will point at the older price history to claim it's better store of value and that it's only temporary.
It's over for Bitcoin, it had it's time but it just didn't meet the demands for digital cash.

Mark my words or sink with the rest on this Titanic.

Topic: Still got enough cash to buy this Bitcoin dip? - page 4. (Read 1195 times)