Topic: Time to Hodl or buy the Dip? - page 4. (Read 927 times)

Bitcoin market is stable now but those who invest need to be patient. Long time investment you can profit. Short time investment not so much. So I think an investor should always keep an eye on the market. Right time.  Investing in bitcoins does not have much chance of loss. So act at the right time and sell them at the right time.

It's hard to predict the floor price before the start of the bull run but since we are one year away from the next halving my strategy is to accumulate not in one buy but through intervals whenever there is a dip, I buy a small amount when there is a dip and prepare for the next dip, I have my spreadsheet to check if I've gained or lost when there is a dip or a pump.

This year is different because we are a year away from the halving so our mindset is all about accumulation but of course, you still have to implement the concept of buying low and selling high because pump and dip will still happen along the way while we are heading to the next halving.

In the end, we are just humans and we know that no matter how experienced we are, there would really be a time that we do really be able to feel out those kind of panic no matter how experienced
or you've been aware on this market.Cant really be blamed out considering that this market is really that truly unpredictable. There's no way on knowing on where it would be going but we know that
traders could easily make up some switch up on become investors on which they do end up on holding on the time that their portfolio had become negative.

Once the market would really be going into the opposite side of things on which you would really be having that kind of impression that holding is better rather than on selling it at loss.
We do have our own common sense on what we should really gonna take and sensible things to be done but due to lack of experience and emotion handling then
we do really end up with these kind of actions.

Personally I think we are HODL/DCA territory. Price is still down 50% from ATH which can't be ignored or denied, but for me this correction from $30K to around $25.5K is far from a dip.

For me the current dip would be somewhere between $20K and $25K, likely around $23K or even $22K where there is more volume & MA support. That's likely where there will be significant fear in the market of the bear market returning or price returning to the lows etc. Right now the market is relatively neutral after months of consolidation and a correction that doesn't even reach -20% yet.

Ultimately though it depends on your current exposure. If you hold 0 Bitcoin then current prices are more than reasonable. But if you already bought enough, say between $20K and $25K, then there is clearly no rush to be buying at higher levels right now. Either price continues to the upside and averaging in a higher price would be acceptable, or otherwise price corrects lower which would be another good opportunity to increase exposure. Generally though with the unclear direction of Bitcoin right now, and remaining between $20K and $30K, it seems a reasonable time to DCA until a trend is solidified.

Additionally, if you look at the average price of Bitcoin from the past year, since the initial capitulation, it's around $22.5K right now. Hence this is an ideal dip buying scenario imo, if you didn't already DCA that is.

Sometimes some traders and investors can't be patient and sell panic occurs,
yes that can be said to be normal because the market is in a situation of fear,
I myself am still confused to see whether the price of bitcoin will continue to fall below $ 20k or recover to $ 50k and Of course,
it's also difficult to survive whether to hold or sell.

Hold if you have bought Bitcoin in 2022, and Buy if you haven't bought it, because today is Bitcoin dump and you can start buying without high risk,
and don't forget to use minimum capital when it is still bearish, because if you use 100 % capital then you can lose.
And remember, don't be too greedy if you are still in a bear market. Hold also has limits.

IMO we're at the end of a bear market. We could be a few weeks or a few months from a significant recovery (above 30k), but it's going to come this year, so if you're planning to buy bitcoin and don't own any, this time is as good as any other to buy.

It's a bit different when you already have bitcoin and think if you should spend the rest of your money on it right now or wait for it to go lower. I can't tell you what's best in this case. Nobody will, and if someone says they know if we will dip to, let's say 23k, they are full of shit. Bitcoin is so illiquid that if you take one single millionaire and make him invest in bitcoin the way Michael Saylor did, you'll see 30k in 1 day. So, if you own bitcoin and want to get more, maybe wait a bit and see how it goes. Maybe you'll get lucky and grab some cheaper coins.

Yes, when the crypto market goes down it's the right time to buy because the market will have another bull run, it's just a matter of time. Will have to wait patiently for this. This is the right time to hold also cryptocurrencies are becoming very popular for investment these days. As there are many digital currencies in circulation, investors see them as useful not only for short term gains, but also for long term investments.

Agree, we should focus mainly on bitcoin, it will be better and safer for us. If you look at the market today, you will see that bitcoin will not fall too much while altcoins are being heavily dumped. If one were to focus solely on buying and accumulating altcoins in the past time, the losses are piling up.

I don't hate when someone invests in altcoins because the returns are really attractive, but this is not the right time to buy altcoins yet. We should spend more time and money on bitcoin would be better. I believe that if bitcoin is heavily dumped again, many altcoins will disappear in the next bull run.

Actually not everyone wants to buy bitcoin in the bear market. At every bear market, if bitcoin is discounted upto 15% this could mean that some altcoins whose liquidity is low could have upto 70% discount.  Then if both bitcoin and altcoins should retouch their previous ATH, it means the altcoins will be in massive profits than bitcoin.
The disadvantage only that the altcoins may plunge more into the negative direction and most times may never see a new ATH. This can hardly be said about bitcoin which will always return to a new ATH, no matter how long it will take.

I have been a long term holder and I can confirm this. All those ups and downs are just a story down my memory lane and nothing more. It doesn't matter what it is today until I sell it, and I am not planning on selling anytime soon, which means that we are not going to see it do so great, it might do some good at certain levels but that doesn't mean that it will matter for me.

So all in all what matters the most is the fact that we will be seeing it move and I do enjoy seeing that, I still do participate in the chatting of it and that's why it matters to me. I know that not a lot of people will make a big difference in the end, but as long as it is there and I can see the movements that will be a reason to just keep chatting about it.

Well, there is no reason to buy for those who accumulates Bitcoin in the past few days. But those who are just about to start will consider this as their time to buy more and make ready for the next bull season. Because we can't assure that the price of Bitcoin will drop again, of course, a parabolic trend is still what we possibly experience in the coming days but I think, we never reach back down below $25k. So making SEC and Binance issue as our concern, I don't think that is what we focus on as the price seems to move high and low all the time.

Buyers and sellers in the short term are not retailers, but rather traders who are looking for profits in the short term and in bad conditions it's good to look at Bitcoin more than altcoins although it won't be wrong for everyone who wants to see altcoins and buy them as long as the altcoins are is an old altcoin that is quite well known in the market. But I would rather suggest that everyone wants to see Bitcoin and buy it when bear conditions occur, because Bitcoin is still able to provide good profits to everyone.

Don't waste the Bear season because in the bear season the discounts for altcoins are very large,
even investors or whales always accumulate during the bear season and sell it during the bullish season,
so we as retailers don't be the other way, buy when it's bullish and sell when it's bearish haha  .

If you believe bitcoin hasn't bottomed yet, why don't you wait longer to buy in? To me, bitcoin remains unpredictable even as we face a lot of negative news, but good news can come anytime. But you are right, DCA is the best solution in all cases. If you are investing for the long term and the target is the coming bull season, don't make too many predictions but instead use DCA every time bitcoin drops more. The DCA strategy really saves us a lot of stress from investing in bitcoin.

DCA is probably the best thing to do from here since I believe we are not yet at the bottom and with the current news in circulation about Binance, the market can always go down again and if you are doing DCA, you can always keep buying at different price fall intervals so that you can have a good average buying price. If you buy at once and then the market goes down further, you might regret it.

So, I would probably suggest holding the current assets and then doing DCA for the remaining balance. That seems to be the most viable option for the current market conditions and wait for the bull run that might occur in 2024 after the Bitcoin halving event.

During last year I think we have seen more than 10 chances to buy at low price. Bitcoin price has been throwing here and there all the time, and imho, current conflict between SEC and Binance only postpone greatly change of market change. That is why I take a pause. I See no reason to buy today, because during next month there will be a slight growth and a drop, and we would get back to price when we started. Maybe it is appropriate to say that I am tired of increasing my balance with rebuys and resells.

Buy the dip and hold if i have many money i will still buy the dip because more capital more earnings when the bull return, for now it is very big advantage because we are in a bear market and most of the coin is falling right now so of we buy the dip we will get the coin in a discounted price .

In my personal opinion I think on the based of this current market situation I think the two option given above on the title both should be used. Because if you look at the current position of the Bitcoin price, it is still far below its all-time high.  So I think Bitcoin is still in a good dip.  So now buying at this dip price means to hold not to sell so you have to hold bitcoin if you buy in this good dip for a good profit.

As an investor who is used to the bitcoin trend, it is common to face situations like today, the price looks sluggish after March and even often goes red for a long time, but this makes us have to think positively by buying more, we have to be optimistic that the bull run it will happen soon because soon or in less than 8 months there will be a halving which usually will make the price skyrocket.