Basically it's only a newbie in the market that will not have the confidence that bitcoin will increase or raise later.
I know that as long as we still have people that can ask this question, there are people who still think that way. Now, if any investors wants to go into any kind of venture, he or she must have looked at the past history or from the history of such venture must be the catalyst to their interest in such investment. So whatever becomes the market the should be ready to take the risk.
For me there is no advise that is more than this: if you can't take the risk of holding even when the market dips more then sell and exit the lost you think you are acquiring. but if you can handle the dips, and you have more cash flow or reserve funds that you can use to buy more, then buy more because the dips are more of a discount than losses that some people see it for.
Topic: What to do when there is a continues DIP - page 8. (Read 1487 times)
The reason why it is not good to depend more on buying at the dip most times is because you cannot know the bottom line of the dip, and this is where DCA comes in play because if you are consistent with your regular weekly or monthly bitcoin accumulation, you will not worry about the price of bitcoin if it keeps dipping because you are always buying at various price level.
Op didn't actually specify what digital currency or crypto he was referring to. Actually if it isn't Bitcoin but altcoins, I'll advise you don't wait for any reason but sell off. I've seen a lot of these altcoins dip continuously until they are finally dumped. You might want to use the same idea of Bitcoin to hold them but remember they aren't Bitcoin. using good market analysis, you may have to sell them to avoid further losses. If want to wait for Bitcoin to dip and so you can buy and then after your buying point, continues to dip, it's time for you to buy even more. Don't be deceived by the market and forced into selling off your BTC just because the market was experiencing dips at that period of time just keep accumulating and hold.
Just as you have pointed out, the things that every crypto dip teaches is, either you buy more of the tokens which will be as you doing a DCA or you simply ignore the coin and don’t rush to sell in loss most especially if you’re investing in bitcoin. Why I signified bitcoin is because some dips in other Altcoins could be as a result of the coin going rug.
Any investor you see today that loses confidence in every dip happening is simply a new investors or some who might have invested an amount that is too huge for them to lose. Just as we have hopes of a coin skyrocketing as you put it so Should such investor expects a dip. Once you have conviction about s coin the dip wouldn’t panic you
Any investor you see today that loses confidence in every dip happening is simply a new investors or some who might have invested an amount that is too huge for them to lose. Just as we have hopes of a coin skyrocketing as you put it so Should such investor expects a dip. Once you have conviction about s coin the dip wouldn’t panic you
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?
How will it make them lose confidence when they already know that the price might dip and that was why they were waiting for the dip to buy in discount price. It is good to have reserve funds to buy at the dip if you are prepared for it and peradventure the dip comes. The reason why it is not good to depend more on buying at the dip most times is because you cannot know the bottom line of the dip, and this is where DCA comes in play because if you are consistent with your regular weekly or monthly bitcoin accumulation, you will not worry about the price of bitcoin if it keeps dipping because you are always buying at various price level. Bitcoin investment is a long term investment and that is why there is no need to panic when there is a dip in bitcoin price.
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?
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