Topic: Still got enough cash to buy this Bitcoin dip? - page 6. (Read 1195 times)

To buy the dip, you still need to invest them amount of money you can be able to hold for a long time. Bitcoin is a volatile asset and most times you can not be correct in your predictions, you might buy Bitcoin today @$54k and surprisingly see it at $50k the next day, in such a situation, if you actually took loan to buy the Bitcoin you might start feeling worried and disturbed but if the money that was invested is yours and you don't have any urgent need for that money, you will patiently wait for the price to surge high without feeling disturbed. Best strategy to adopt now is the DCA and while DCAing, only use the money you can afford to hold for long.

to OP:
ognasty's advice is just to pay in an allotted amount of fiat no matter the price.. which is a even worse gamble.(bet everything on red always red)
however if the price has decreased/dipped then yes buying a little more at the time of the dip, which ends up getting your more sats rather then the buy at any time any price method

here is the thing...
if you are willing to just do the ognasty method. you might as well deposit fiat at start of the month, see if the price does go down below price at the time of deposit. and if not then before end of month just do the ognasty method and still buy coin per month.
but atleast giving you an opportunity to maybe buy cheaper inbetween

what some people do is if they have a allotment they want to invest per month, they skip the first month. and then invest the allotment per month in following months. and if the price has gone down compared to previous then they use the spare(first) amount thus buying even more for even cheaper price

most people spend the first month investigating/researching and learning about bitcoin so they end up keeping a months worth of money aside anyway. so use that amount on the dips to maximise coin accumulated at the better prices

alot of people can see by looking at the price chart that the price at deposit time is either higher or lower than a previous week/month to know if its best to buy in instantly or wait for chances of a dip.. and if no chance turns up, you are still buying each month using the "any price" method ognasty promotes

Rather than picking your spots and making buys, I would suggest finding an amount in your budget that you are able to invest and then doing that on a regular basis. That way you aren’t betting that you picked the perfect time to buy and can enjoy long term stable accumulation while adding regular buying pressure to the market.

Yes, it's still worth the risk selling something to buy BTC. There is a way to minimize the risk though. The right time to buy is the key to making it less riskier.

If I just have the right to convince my sister to sell her apartment after all she lives alone already. She can live with me in the old town, it is time to go back and buy the money she gets, I think I will dedicate some time to filing the documents for it.  I think the price will go below $50k soon, that's the right time to buy as well.

What risk is there in buying Bitcoin at the dip?
It’s where your advice to buy, when the market is at its bottom and as such, you’re liable to profit when it pumps as it always does eventually.

Having to consider what amount might be enough to invest with at the dip? I don’t think it’s what you should be asking really if you’re actively using the DCA strategy. Although there are more than one means to approach Bitcoin investments. Having to invest huge at the dip speaks more of risk because, you’ll find yourself investing more than you can afford to lose and that breeds expectations.

Having to DCA completely notifies all that and your good no matter the trend at the time.

Well for anyone who has been in the Bitcoin game a long time or does DCA, they are just waiting for a dip to buy. And to be honest, I think that am going to buy this dip as well. Although I might wait to see a bit if we get down to 52K.

100k is still waiting for us in the near future. I believe this.

Having said that, you should have a steady income of which you invest a part into whatever you wish to invest in. Don't put all your eggs into one basket but also don't remove the eggs once you put them into the basket.

I wouldn't buy it because I'm too all in already. I have maybe 2% of my movable assets in cash and the rest is in bitcoin. I also have some immovables but I'm not ready to sell a house to buy bitcoin. It could be a good idea, but I feel like keeping all my money in bitcoin is crazy enough. I don't need to overdo it.
Yes, buying the dip is a good idea if you're not all in already. Think how much bitcoin you have vs cash. If you're 90% in fiat money with 10% bitcoin, it's a great idea to buy some bitcoin, maybe go into 50%?
If you're over 90% like me, don't do it. You want to have enough fiat money to feel comfortable, not worrying about every dip because it can delay your spending.

Firstly, the investment-wise tip in the cryptocurrency market is to invest when there is blood on the street but that does not mean we should be greedy of buying the current market dip because it's a one-in-million opportunity.
Having said that, I can borrow funds to invest in this current dip but it will only be the amount I can afford and I can also sell an asset either due to the future benefit of buying this current dip.

10 years is highly optimistic for Bitcoin, I doubt it will ever reach $100k evaluation due to competition eating it's utility market.

You may still earn a lot from it's volatility but you must time the market right which is close to impossible without a large team.

At this point you may as well buy Doge.

I'd say Bitcoin will soon drop, significantly.

A decade? Where did you get that from?  This may be true for some other asset types, like gold for example, but Bitcoin and cryptocurrencies in general are much more volatile then that.  While its true that it could take a long time for Bitcoin to appreciate, its equally possible that it could skyrocket in value tomorrow. The point is, no one knows for sure.

I think the real question is not whether you can afford to buy Bitcoin, but whether you are willing to take the risk.  If you are not comfortable with the risk, then its probably not a good investment for you.

High volatility is not attractive for long term holders, that's why physical gold is still more preferred than Bitcoin.

Big investors don't need fast money.

Just a few days ago, I just won on a prediction contest on the other forum, and I got Bitcoin on that.
I just consider that one as my investment already since I'm just holding it for the long run.

Because of that win, I decided to put the money that's supposed to be for investing into Bitcoin for other important ones. The Bitcoin that I got from that contest is the one that I will add to my long-term portfolio that I will be selling once the bull run peaked. Is buying Bitcoin dip worth the risk? Definitely, and there's no need to question that one because if you're an investor, grabbing these opportunities will give you such a huge profit in mid to long run. We just saw a few weeks ago when Bitcoin dipped to as low as $50,000 but a few weeks after that, it jumped to $60,000 again.

That's an immediately 20% profit if you took the opportunity. This dip that we saw will just be one of those opportunities that we as investors must grab.

It's not the question if you have enough to buy, it's the question if you have enough left to hold it until it appreciate which may take a decade or more.

I wish I had money still to keep buying this dip but I am basically just scraping by here taking care of the family and all the bills I definitely think it’s a great time to dollar cost average buy tho

I already prepare some cash to buy Bitcoin at the dip. Although I can not say how much, but I guess that will be enough for me to buy in another dip price. That will be worth to buy at the dip reminds of Bitcoin price can rise so high.

But it is better you don't borrow money to buy Bitcoin especially if you don't have an income because you need to pay the money back in some term. Even if Bitcoin will be future profitable prospects, you don't have to take the risk of borrowing money from others because that will gives you problem when you can not pay back the money. That is why you must be careful allocating your money that you will use to buy Bitcoin.

Many people think that is worth to buy Bitcoin at dip price. That is right because when Bitcoin increase, they will see their profit. By holding tight Bitcoin in this dip and still accumulating more Bitcoin, you will have a chance to make a profit in the future.

You need to understand that if you take the risk, then only you will get the reward. Without trying, you can’t make money from anything. Moreover, if it’s about Bitcoins, then do all the possible things and try to buy the coins. You are getting an opportunity to buy these expensive coins cheaply; hence, buy as many as you can. Bitcoins have always shown a significant increase in 4 years tenure; hence, buy and hold it for good time. I am sure you will see a great amount of profit in the future.

Bitcoin is a long journey down the line and in other to remain at positive position each time, there is need to Mentain a steady cash flow to take advantage of any market position because at some point, there will be a change in the price of bitcoin that give an investor the chance to buy at a discounted price and with such DCA approach give you the chance to make more profits each point in time because it easy for the price of bitcoin to move upward when it did a discounte market.

Much more also bitcoin keeping steadily buying each time the price of Bitcoin is low make you accumulate bitcoin more than when the price is high.

I'm averse towards borrowing to invest no matter how sure I am.
If the prices falls more there's likelihood you would sell in loss in scare of losing more
Thus been unable to catch the pump.
I doubt I would sell an asset especially one that's required for my everyday use.
I don't know as a trader
But As an investor I believe it's worth the risk for me to buy the dip.
Doesn't mean am going to touch funds that's going to get me emotional if more dip comes
Invest only what you are comfortable with.

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 ?