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Topic: What to do when there is a continues DIP (Read 1487 times)

sr. member
Activity: 490
Merit: 251
August 05, 2024, 02:47:00 AM
This is really one thing Investors who awaits for the DIP before they could buy usually expects in the market.
They acts like the gearing and steering of the market is at their court so they can always drive it towards the phases of their interests.

I wonder what they expects at buying at the DIP and sudden want market skyrocket.
Of course there are possibilities for more DIP as much the market was appreciated and the flopped to DIP which they were excited about after all other investors would also be expecting more DIP for them to buy.

That is one unique marketing system of Bitcoin. It takes every active investors along and so also, it devalues the holding of every active investors holding same time.

Be assured that this is not a physical market trading where individual marketing skills depends on their profits.
So the sentiment of investors would always make no difference.
hero member
Activity: 2926
Merit: 533
Leading Crypto Sports Betting & Casino Platform
August 04, 2024, 10:29:03 PM
An investor can never get any specific information about the future value of Bitcoin. So it is impossible to predict exactly which scenario Bitcoin's price will go ahead. So if you take any action by guess it will be very risky for you. So you just have to buy. And the easiest and risk-free method for this is the DCA method. Keep investing a certain amount regularly. Investing in the DCA method is an investment that locks you into a disciplined investment that helps you develop a regular savings habit. Whatever the market price, buy if the price is high and buy if the price is low, no matter. This will greatly increase the size of your investment portfolio, and speed up your long-term cost averaging. So get yourself addicted to DCA.
Whatever your investment approach, believe me it is never free from risk.

I don't agree that DCA is a risk-free investment approach, that's never true. You can buy using the DCA method to maximize asset price movements or volatil in the future, but never be free from risk. There are many more risks you need to consider than just a price drop, including the risk of losing your bitcoins due to hacking or other common human errors.

No investment product is risk-free, nor are any methods or strategic approaches. Everything has risks no matter how big or small, so don't say the wrong thing because someone might get lost because of you.
the risk of DCA lies in the fact that the coin in which we are DCA-ing could be dumping and the price will be lower than the average cost of our DCA.

this is why despite people always say to buy anytime we have money since we are doing DCA and DCA is the way, but I always prefer to buy whenever there's dip, the opportunity is always there with crypto and being patient and investing at the right time is the key.

blindly DCA-ing when price already near ATH i'd say silly move because it significantlly increases the average costs making us more vulnerable than other people and subject to losing money.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 04, 2024, 08:19:04 AM
...
Whatever your investment approach, believe me it is never free from risk.

I don't agree that DCA is a risk-free investment approach, that's never true. You can buy using the DCA method to maximize asset price movements or volatil in the future, but never be free from risk. There are many more risks you need to consider than just a price drop, including the risk of losing your bitcoins due to hacking or other common human errors.

No investment product is risk-free, nor are any methods or strategic approaches. Everything has risks no matter how big or small, so don't say the wrong thing because someone might get lost because of you.
I think your direction to understand about risk is much more appropriate in terms of Bitcoin investment, because if beginners who want to buy Bitcoin and really want to become investors in crypto read statements like that, of course there is a possibility that they will immediately believe and assume that investing in crypto has no risk. In fact, all jobs and investments in the world have risks and they cannot be separated from every investor at all, so everyone must know that risk exists and needs to be understood properly before making any investment.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
August 04, 2024, 07:45:52 AM
If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.
Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.
Honestly, doing DCA during the bearish trend like this is quite risky. I should wait for the price to hit its low. That will make my investment more effective and earn me a lot of money. We can't really be sure if 60k becomes the current bottom for bitcoin.

It may also be going even lower as Bitcoin has already broken its support. I'm not feeling good about the current condition of bitcoin.



Also, no signal for the retracement to happen with bitcoin. But i hope we will see this happen in the coming days. It's gonna be a disaster if bitcoin goes down again to the 58k.
hero member
Activity: 910
Merit: 677
August 03, 2024, 04:36:30 PM
There are some investors that waits for a dip price to buy and when the dip comes and they buy but they begin to experience that the price is even dipping further, so is there a need to panic or continue buying at every dip price if you still have some reserved funds with you because even though many wish for a dip to happen in order for them to buy Bitcoin but there are investors that expects the price to skyrocket after buying so if the price continues to dip further, is it not going to make those investors to lose confidence that the price may later not increase again?
In fact, I will continue to buy more and more when bitcoin declines. I have only been in bitcoin for a few years but I have experienced a fairly large decline where the original bitcoin price of more than $50k actually dropped to the price of $15k which made me lose concentration on bitcoin because I began to question whether my choice was wrong when choosing bitcoin but in the end bitcoin returned and even touched a new ATH this year which made me become convinced that my choice was not wrong.

When the decline occurs now, I will actually trust more because the process will definitely be the same as before and a decline like this must be maximized by buying again and again as long as we are able so that my choice when bitcoin starts to decline then I will continue according to what I always do as usual, namely buying without the need to see prices and waiting as much as I can because I have confidence that the future will actually be even better than today.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 03, 2024, 02:15:49 PM
An investor can never get any specific information about the future value of Bitcoin. So it is impossible to predict exactly which scenario Bitcoin's price will go ahead. So if you take any action by guess it will be very risky for you. So you just have to buy. And the easiest and risk-free method for this is the DCA method. Keep investing a certain amount regularly. Investing in the DCA method is an investment that locks you into a disciplined investment that helps you develop a regular savings habit. Whatever the market price, buy if the price is high and buy if the price is low, no matter. This will greatly increase the size of your investment portfolio, and speed up your long-term cost averaging. So get yourself addicted to DCA.
Whatever your investment approach, believe me it is never free from risk.

I don't agree that DCA is a risk-free investment approach, that's never true. You can buy using the DCA method to maximize asset price movements or volatil in the future, but never be free from risk. There are many more risks you need to consider than just a price drop, including the risk of losing your bitcoins due to hacking or other common human errors.

No investment product is risk-free, nor are any methods or strategic approaches. Everything has risks no matter how big or small, so don't say the wrong thing because someone might get lost because of you.
This is probably one of the most common myths that I encounter and one that it is perpetuated by many investors, after all, as great as DCA can be as a strategy, if someone started to employ this strategy near the ATH and then the price crashed, this means this person will spend a year or two losing money, and very few investors can endure such losses for so long, so it is likely a person like that would sell their coins and lose a great deal of money while doing so.
legendary
Activity: 2464
Merit: 2094
August 03, 2024, 10:49:27 AM
An investor can never get any specific information about the future value of Bitcoin. So it is impossible to predict exactly which scenario Bitcoin's price will go ahead. So if you take any action by guess it will be very risky for you. So you just have to buy. And the easiest and risk-free method for this is the DCA method. Keep investing a certain amount regularly. Investing in the DCA method is an investment that locks you into a disciplined investment that helps you develop a regular savings habit. Whatever the market price, buy if the price is high and buy if the price is low, no matter. This will greatly increase the size of your investment portfolio, and speed up your long-term cost averaging. So get yourself addicted to DCA.
Whatever your investment approach, believe me it is never free from risk.

I don't agree that DCA is a risk-free investment approach, that's never true. You can buy using the DCA method to maximize asset price movements or volatil in the future, but never be free from risk. There are many more risks you need to consider than just a price drop, including the risk of losing your bitcoins due to hacking or other common human errors.

No investment product is risk-free, nor are any methods or strategic approaches. Everything has risks no matter how big or small, so don't say the wrong thing because someone might get lost because of you.
full member
Activity: 532
Merit: 229
August 03, 2024, 10:40:50 AM
An investor can never get any specific information about the future value of Bitcoin. So it is impossible to predict exactly which scenario Bitcoin's price will go ahead. So if you take any action by guess it will be very risky for you. So you just have to buy. And the easiest and risk-free method for this is the DCA method. Keep investing a certain amount regularly. Investing in the DCA method is an investment that locks you into a disciplined investment that helps you develop a regular savings habit. Whatever the market price, buy if the price is high and buy if the price is low, no matter. This will greatly increase the size of your investment portfolio, and speed up your long-term cost averaging. So get yourself addicted to DCA.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 03, 2024, 10:36:31 AM

Its indeed the basic but there are tons of people who do really fail on doing so. Why? because of emotions and having that derailed plans and analysis that they had set out earlier. It is really just that there are people who do easily get panicked on the  time that the market would really be having those corrections or decrease. Somehow it would really be that normal since we are just human beings on who dont really like on losing money.
On the time or moment that you are seeing your portfolio is going down then it would really be that a very common reaction. To those people who do have that sufficient experience on how market works and be able to apply that buy low and sell high then they are the ones who do make out DCA or buybacks on the time that the market would really be having those corrections.

If there's a continue dip then it would be normal that it will really be giving out that kind of negative vibe, specially if you are someone who dont have that sufficient experience towards this market then you would
be having those kind of emotional reactions on which its pretty normal but on the moment that you had already some enough experience about on how this market works or behaves then
you wont really be finding yourself that being that too highly reactive.

As it is happening, not only the cryptocurrency market but the entire world financial market is experiencing the reddest days since the Covid pandemic so far. Many theories suggest that we will face an economic recession rather than an economic recovery period when the Fed will lower interest rates next September.

Many people who want to buy cheap bitcoin are having a great opportunity to buy bitcoin 10% cheaper than a few days ago. But honestly, is anyone brave enough to buy DIP or are people more scared? I've seen more predictions that bitcoin will soon hit $40k again instead of calls to buy the dip. Panic is taking over people's minds and that's completely normal given what's going on but it shows that there is a huge difference between saying and doing.
sr. member
Activity: 560
Merit: 326
August 01, 2024, 03:32:59 AM
If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.
This is why it's important for people who hodl Bitcoin to have the knowledge of how it works so that they will not panic when they begin to notice continuous price dip. The best thing to do when there is continuous dip is either to keep buying if you have the fund or just hodl what you have and wait for price pump. Bitcoin is not altcoins that when their prices dumps you'll panic because you're not sure whether they can recover and pump, after dips BTC will always recover and pump. In cryptocurrency it is only Bitcoin that you can trust that it has the capacity to have price correction and skyrocket.
legendary
Activity: 3122
Merit: 1140
If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.


In theory, the way to make a profit is to buy low and sell high, and that's why people often advise buying every time the market corrects. But I think to do those things is not easy. To be able to confidently buy DIP we need to have enough faith in bitcoin as well as the ability to accept risks.
Why do I say this? Because as I see it, many people always want or hope that bitcoin will decrease whenever bitcoin increases too quickly, but when bitcoin adjusts, they are the ones who do not dare to buy bitcoin. Like the recent correction when bitcoin dropped to 52k USD and that was a potential buy point but many people did not dare to buy and waited for bitcoin to fall further. Currently, bitcoin is trading above $67k and ironically, those who did not buy at $52k are expecting it to correct to buy. It seems easy to say, but how many people are brave enough to buy DIP?
Its indeed the basic but there are tons of people who do really fail on doing so. Why? because of emotions and having that derailed plans and analysis that they had set out earlier. It is really just that there are people who do easily get panicked on the  time that the market would really be having those corrections or decrease. Somehow it would really be that normal since we are just human beings on who dont really like on losing money.
On the time or moment that you are seeing your portfolio is going down then it would really be that a very common reaction. To those people who do have that sufficient experience on how market works and be able to apply that buy low and sell high then they are the ones who do make out DCA or buybacks on the time that the market would really be having those corrections.

If there's a continue dip then it would be normal that it will really be giving out that kind of negative vibe, specially if you are someone who dont have that sufficient experience towards this market then you would
be having those kind of emotional reactions on which its pretty normal but on the moment that you had already some enough experience about on how this market works or behaves then
you wont really be finding yourself that being that too highly reactive.
hero member
Activity: 1050
Merit: 844
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.
In the bull period, it is actually quite easy for investors to keep holding any assets they have bought during the dip. Because investors who have a certain target in achieving a profit will only release the asset when the price they want has been reached in the market. Right now the price of Bitcoin is still below $70K which is generally still good enough to buy in any amount because Bitcoin is still quite likely to increase even more this year. So investors will definitely not release Bitcoin carelessly into the market at this time
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.


In theory, the way to make a profit is to buy low and sell high, and that's why people often advise buying every time the market corrects. But I think to do those things is not easy. To be able to confidently buy DIP we need to have enough faith in bitcoin as well as the ability to accept risks.
Why do I say this? Because as I see it, many people always want or hope that bitcoin will decrease whenever bitcoin increases too quickly, but when bitcoin adjusts, they are the ones who do not dare to buy bitcoin. Like the recent correction when bitcoin dropped to 52k USD and that was a potential buy point but many people did not dare to buy and waited for bitcoin to fall further. Currently, bitcoin is trading above $67k and ironically, those who did not buy at $52k are expecting it to correct to buy. It seems easy to say, but how many people are brave enough to buy DIP?
sr. member
Activity: 392
Merit: 350
There are some investors that waits for a dip price to buy and when the dip comes and they buy but they begin to experience that the price is even dipping further, so is there a need to panic or continue buying at every dip price if you still have some reserved funds with you because even though many wish for a dip to happen in order for them to buy Bitcoin but there are investors that expects the price to skyrocket after buying so if the price continues to dip further, is it not going to make those investors to lose confidence that the price may later not increase again?
That is why before investing we should set a specific goal according to the plan. So that no matter what price we buy bitcoins we will hold them no matter what happens until we touch our target price. During the dip season in the market we have to be patient and take advantage of that time to buy more so that we can hold it for future and get good returns from it.

OP If you buy bitcoins during the dip season then take the opportunity to buy more from that purchase price if the market dips. Never get discouraged or even sell the investment. Take the opportunity and keep Holding regularly.
jr. member
Activity: 60
Merit: 1
How can those who invest lose confidence as the price falls?! They were knowingly waiting to buy at a discount price. It is better to have reserve fund for dip buying.  Most of the time the reason it's not good to rely on buying on the dip is because you don't know the bottom line of the dip, so DCA comes in handy because if you're consistent with your regular weekly or monthly bitcoin deposit, you don't have to worry about the price of bitcoin. If it keeps going down it's because you're always buying at different price levels. Bitcoin investment is a long-term investment and that is why there is no need to panic if the price of Bitcoin falls.
full member
Activity: 126
Merit: 93
If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
hero member
Activity: 616
Merit: 713
That is why you must not be partial in buying bitcoin because when you only think that immediately you buy bitcoin the price would skyrocket makes you a greedy fellow because you have forgotten the season you, let say you are not bull so anything out of this is still bear run and hence price would still decrease. So as investors if you buy at the dip do not always expect that the price will always increase unexpectedly because it's not yet bullrun, if you have spare cash all you need is to keep accumulating through DCA but if you felt your holding is enough then you don't need to stretch your self all over than to keep patient while the market grows.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
Correct, and we must wonder where that confidence comes from, and that is only possible when the asset you are holding is great to begin with, which is why anyone that has tried to follow the same strategy that we use with bitcoin but with altcoins has failed, because they know very well that if they were to keep holding their altcoins when their price is going down, there is a very real chance they could hold all the way to zero, which makes it very obvious altcoins should never be held for the long term, as only bitcoin is worthy of that trust.
People who are experienced enough and have seen the condition of Bitcoin in the last ten years will certainly not carelessly believe in coins other than Bitcoin. Because from the evidence that we have seen together, Bitcoin can always be relied on for the long term and is considered a more appropriate investment, so beginners who are new to Bitcoin must also know this in order not to fail in investments and also in other matters in the crypto space. Because any altcoin can only be relied on temporarily with a profit target that is not large enough at any given moment.
We saw how high its market price have reached from the previous ATH and even with last few months which is around $72k. We also saw how low it fell which was around $16k and went up again to its present market price. I think that is enough reason to trust this technology  thus making it obvious that what we should be doing is to just hold and to avoid panic or selling too early. This is Bitcoin we are talking about and not just a new random project on this industry. I do understand why do some people panic whenever a market crash is taking place but we should all be knowing our investment's potential and make the right decisions that won't lead to regrets afterwards. Loss is temporary as long as you are not selling your holdings. Recovery might not happen in an instant but it will always be taking place as long as volume and demand are present.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Correct, and we must wonder where that confidence comes from, and that is only possible when the asset you are holding is great to begin with, which is why anyone that has tried to follow the same strategy that we use with bitcoin but with altcoins has failed, because they know very well that if they were to keep holding their altcoins when their price is going down, there is a very real chance they could hold all the way to zero, which makes it very obvious altcoins should never be held for the long term, as only bitcoin is worthy of that trust.
People who are experienced enough and have seen the condition of Bitcoin in the last ten years will certainly not carelessly believe in coins other than Bitcoin. Because from the evidence that we have seen together, Bitcoin can always be relied on for the long term and is considered a more appropriate investment, so beginners who are new to Bitcoin must also know this in order not to fail in investments and also in other matters in the crypto space. Because any altcoin can only be relied on temporarily with a profit target that is not large enough at any given moment.
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