Bitcoin Forum

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https://i.redd.it/35htxr9719311.jpg

I might be the biggest proponent of "buy the dip" as a strategy in the forum. I always do it, and my resolve in the belief that Bitcoin will reach a 6 figure price is still strong. But sometimes seeing the price go down hurts. I need support.

ROFL, zoom it out, that's too close.
It's Bitcoin and Cryptocurrencies, not Stockmarket or Forex Exchange.
https://i.imgur.com/W75Nw3X.png
You've missed the real dip!

We always face that dilemma. When bitcoin, or a particular stock, goes down, it is a good time to buy if you believe in its fundamentals, but you might be wrong, and it may never go up to that same level again.

I don’t worry too much. If you believe in the asset and you don’t have too much invested in it, following the principles of diversification, you will be fine.

let me hold your hand and walk you through it. buying "the dip" will need a strategy not just throwing money in the wind. the first strategy that many people use is the short term (day)-trading. if you look at each of those "dips" they all happen below a certain buy support and then there is a recovery. in a bear market you buy these dips below the support level and sell after the recovery for a small profit and wait for the next dip or whatever to make more profit....

the other strategy is to buy and invest long term. imagine next year (for example) that price is $50k, of course you would want to have bought all your coins at the very bottom but we all know it is not possible. would you honestly mind that you bought these dips and price went lower?
of course this strategy is best performed when market is more predictable than this, in my opinion. and right now things are strange at best and the signs of recovery did not show themselves so buying for long term investment had a higher risk.

If that is the case then just simply wind off for a while. Go out and travel, or do anything that will help you relieve yourself from stress caused by a bearish trend after buying the dip. It also would help if you will stop looking at prices for a while and take a breather if you already used up all of what you can afford to lose. If you cannot follow my advice, then simply ignore your emotions and remember this advice given by the post above this:

Now they will say: "HODL".
$5K - HODL
$4K - HODL
$3K - HODL

Just wait ;D

Most likely we are at the short term bottom.

Basically whenever the funding rate goes into the negative double digits according to

https://www.bitmex.com/app/fundingHistory

It usually means there are much much more shorts than longs... hence the reason why shorts pay longs and usually what follows is a correction.

If you look at the history... usually when this happens, it either reverses or trades sideways. Basically doesn't follow the general herd.

Use this as a indicator. However keep in mind, it can still goes down right after the funding rates go back to 0.1 %

You're supposed to be happy when the price goes down, not sad. There's probably not much time left to accumulate before the S-curve takes off (maybe a year or two more). If we go to $3,000 now, just think of how many more coins you can buy. More than double what you could afford now. :)

If we will go to $3K, we will stay there for years. Or may be forever ;D

You can never time your buys at the right time. That's the simple truth.

However, buying at dips significantly increases your chances of making a profit over the long run, and also increases your profit levels as your entry price is obviously lower. This is why I believe that in a bear market like right now, dollar cost averaging should be used to accumulate coins, instead of waiting or timing the "bottom".

I feel like a lot of people misconceptualize buying the dip as something of a short term thing. It's the complete opposite. We're not going to see much bullish activity happening right now, for instance, in a middle of a bear market. So obviously, prices will continue to go down. Buying the dip still means that you have to hold for the long term, but it just means that you are buying at a much more favourable price to you.

so you are saying after 9 years of waiting we are going to see bitcoin price stabilize and do it on $3k? that is a great news. i can't wait to see it happening and we can finally get rid of all the speculators and stick to what matters most: bitcoin as a currency not an investment.

I feel your pain brother, yesterday I actually got a little upset about it. I just tell myself that it doesn’t really matter at the moment, I’m not planning to sell until about 6-12 months afte the halving any wayv(when I hope the price is over $50,000 per bitcoin.

$50K? ;D ;D ;D
It will be $5K very soon.

Bitcoin has ceased to be an investment asset for the short term. It becomes an asset for long-term investment. This requires a change of strategy. I think that this situation in the market can lead to a decrease in the popularity of bitcoin and a more rapid growth in the popularity of altcoins.

You keep on waiting that btc will reach 5k and those smart investors are buying on the dips and when it rises you will regret that it has already reached 10k then 20k etc and then for you as audience you can just clap for people who smartly buying during the dips.

I'm sure that it is a really great news! But you must undertsand, that when you wish speculators to go out, you wish the real money to go out.

I don't want to hold your hand, I want you to sell me your coins at the lowest possible rates.

This is a market where the weakest will get shaken out, and that's exactly what's happening right now. While people complain about how they can't handle the market and whatnot, long term holders have done the right thing to cash out at near peak levels, and calmly buy back their coins on the way down. I have been doing that too, and for that reason can look forward to even lower prices. It's a gift for me.

On the other hand, people keep complaining about how the price is going down, while they can make a decent bit of change from this downtrend. Just use your brains and stop being so short sighted.

This is not how things work, you can't tell when is the highest deep because there is too much fluctuation.
You can earn a lot from fluctuation or buy when you thin prices will rebound.
If people know what will be the lowest price then they will all wait for it to buy which can not happen because no one will sell to them :p

I will definitely buy more if the price go down to $3k but It's not possible as we have many investors and traders waiting to buy at the price lower than $5k.

A lot of people forget the price went to $2000 to $20,000 in less than a year. So Bitcoin can surely do it again potentially it could go from $7,000 to $70,000. Most people say Bitcoin is dead, those are only considering BTC for a 6 months-term but it doesn't work like this and it's better to go with another altcoin in this case. At the same time, there is the nostalgy of the $20,000 mark mixed with the lack of patience.

Once again, bitcoin made me feel worried about its future. I have put all my money ($ 50k) to buy it at the end of last year. And all that was happening made me feel very sad. What would my future be like if the bitcoin continues to go down, so badly!

What you are doing is absolutely correct, buy the dip, since during this time the price is on sale, what I think that you atr lacking is an exit strategy, you should also see to it that whenever you buy the dip, you sell at the right time, if you are not accumulating, since the three bottoms we had experienced already, a lot of people bought the dip and sell when it had reached around 8000 usd to 10000 usd. Creating a contigency plan will not hurt, but with this you can lower risk of having losses and it will also help you have gains in the future, even if the market is down.

Thank you for letting me hold your soft hands and giving me comfort in my greatest moment of doubt. Hahaha.

But really I have no doubt that Bitcoin will reach 6 figures on 2020 near the time of the halving. But the bear market is making me feel very frustrated. :'(

Many of us here follow through just bought the dip and dip and the dip again. I can relate on what you have said that it really hurts that price is going down hard. So we have options to hold it long term rather than selling all in lose, you are not the only one suffered these times of bearish trend.

 Just hold and hold until you cry.!!  Lol but anyways it's better than selling while you have loses IMO,  because you cannot regain your loses anymore on it if after you sell off then suddenly bitcoin start to climb gradually and reach the current ath value again. so much better to keep hodl, because the market is very unpredictable who knows! Haha And indeed after this bearish trend bitcoin always bullish so much better to put more patience instead of being greedy if you still want to regain your lost.

my hands are calloused from years of holding my Ultra Great Sword (https://darksouls2.wiki.fextralife.com/Pursuer%27s+Ultra+Greatsword) and my big ass Greatshield (https://darksouls2.wiki.fextralife.com/Pursuer%27s+Greatshield) :D

I know, nobody likes the bear market. I particularly hate it not because the price drop but because of the unpredictable price drops that look more like manipulation to me than a real legit downtrend where everyone is selling instead of whales dumping to push it to the threshold and then others following it down.

So, what's in it if we make suggestions to others and it turns out that we suggest will be wrong in the future?

There is no one knows for sure when someone buys bitcoin with a good time and when someone should save the money they have and wait for a good time to buy.

This is a mystery, no one should be right and should not be wrong. If you believe bitcoin will have a great price you do not have to wait for bitcoin prices to fall more than $ 6000, you can make a long-term investment to recover the profit you want.

do not bump out of shape like that, dude. right now we are all on the same boat and the same problem. I am sure, if much support keeps coming up the price will be stable again and will re-pick up the high price as before. but, this decline can be an advantage for people who like to take the opportunity behind dye.

That is usually the problem as most of the people who are here now are so focused on the short term that they forget totally the possibilities that the long term brings. We had a huge increase last year, though it may not happen this year but in a way it could still happen whenever it is ready to.

Patience is all that matters anyway and it is understandable that there is usually that feeling that comes with seeing the value of your asset go down terribly, but for those who understood perfectly what you said, it would instead be a good time to keep getting in at those dips while looking at the future

The prices might decreasing today but still you can invest a huge amount in order to earn more profit in the future, that is the reason why dumping of prices is not bad at all since you can always make profit from the volatility of the market.

You want him to be happy for losing money?

well he has been around since mid 2016 so technically he shouldn't lose money even if price fell below $1000.
but i don't think that is what he meant. he meant the drop is an opportunity to buy more coins with the same amount of money that you have. for example if you were investing $50 per month in bitcoin, now you get to buy even more amount of bitcoin with it.

Friends, bitcoin does fall very low, but do not let your belief fall with bitcoin. Hope will continue to exist, this time the patience is very painful to feel, but will be sweet when the bitcoin increases again.

indeed sometimes we feel pain when we see the price drops drastically, but we do not need to worry about such conditions, and to react to it I make trade switching through other altcoin like ETH / BTC, BCH / BTC and others because this will not make us drop with see price drop.

People always mistaken buying the dip to buying as the dips keep coming but if you really want to be buying the dip at a very perfect point without at least having to consider any other option of a failed buying spot, I believe it would be important to learn some few things about trading, otherwise one would just keep buying every dip until you run out of cash and the dip still keeps coming.

In the long run though, it still would make a lot of sense, but why do that when you can just use some indicators to be certain where you are actually buying from.

Sadly this is becoming true as I also tried to buy dip but that return back never happened. But anyways I don't mind that much, bitcoin's price isn't realistic right now. It is too low to be true. It should be above 10000 dollar level.

How comes? Generally we see a rise of the bitcoin price after a deep, it may goes from few dollars to $300 or more. If you missed it or wait to sell it with more than $2000-3000 then it is another story.

Once this trading range officially breaks (and we drop below the April bottom), you're gonna need a lot of hand-holding. It'll be a rough few months after that. All the bulls who bought over the last 4 months will be trapped.....and that's who will provide stiff resistance all the way down.

I hate when you're expecting a legit bull trap and all you get is a bear triangle. >:(

I feel you wind_fury, I'm also saying that word "buying the dip" very often to the people who are asking me if its time to buy.
$3,000 forever? so it won't be bitcoin anymore because it's price doesn't move anymore? Staying there for years can happen but to say that it will be there forever, doesn't sound real.

we don't live in a perfect world so we can't have everything we want. sometimes you have to accept what you get. it is only possible to buy at a perfect point if you are lucky and also if you just want to make a one time purchase. otherwise if you are trading or if you are investing in bitcoin constantly (for example as you get some extra money and want to invest it in bitcoin) then you need to do what OP's picture shows, meaning buying each dip as they come.
besides when such dips happen for instance the $7k dip you had no reason to believe it will go any lower just as you don't have any reason to believe it will go any lower now so your option is to do the less risky thing and buy or take a bigger risk and wait (bigger risk because you miss out if it doesn't drop).

Hey! My hands are soft too  >:( lol

Don't let the bear market get you down. Many of us feel this way during these deep drops, just look at the big picture. Crypto is about the long term. The day to day volatility is what is distracting. Bitcoins userbase certainly will be larger in 2020 than it is today. That coupled with the block reward dropping to 6.25 BTC, I think we will be just fine  ;)

No one really know when this is going to end because bitcoin keep loosing value every month.  Is bitcoin taking the steps it takes last three years ago?  I have not expecting this huge loosing because encourage people to buy bitcoin when it was around $15,000 and since that January his still holding.

This would be the first time I’ve heard someone asking for such.. Sure,, most of our bitcoin brothers and sisters will spread each other hands to help someone who’s in doubt seeing the market this red.. I’ve read many post with same sense,, but this one is different as I feel sarcastic vibes..

Bitcoin is a currency of userS and you can’t be alone to be successful.. Hold on guys our path is bumpy..

Of course you're not guaranteed to buy at the most favourable price at a dip. That would mean that everyone would make endless and guaranteed profits, which is obviously not the reality here. The reality is that there will be multiple, if not tens of dips over the span of a bear market.

Buying the dip is obviously a good thing to do, but doesn't necessarily mean that you're going to turn a profit.

First, you need to make sure that you're buying at a low enough price. For instance, buying at the $15k dip would make no sense, even though it's still considered to be a "correction". But I do think that accumulating at $7k or below makes a lot of sense. If markets turn out to go down further, I think that buying using dollar cost averaging will be a good long term strategy if you're able to hold your position for a while.

For long term anything below 10k is a dip and buy if you can and forget about it. Don't invest money that you need by next month.

For short term, you are screwed if you need advice of others about when to buy

Why would anyone be worried about bitcoin's future simply because of some downtrend ?
This would be like a peanut downtrend eventually when bitcoin picks up back and recover to start a new uptrend. You should not blame anyone for putting all your money into bitcoin because any smart investor should know already that there is nothing that is guaranteed in this market and with its volatility, you can get to see some pretty quick movement, so blame yourself for that and you will only do yourself more harm if you cannot have the patience to wait for the future.

Bitcoin is going to find a trend reversal from the current levels of $6400 as it will act as a strong support zone. Hence keep holding our positions from now onward until $10k to $12k may produce remarkable returns in short term. These are all just based on my technical analysis but anyone must act based on their own research and analysis and also must be only after understanding the risks involved in bitcoin trading.

Just hold, the market will not fall forever, and it will recover some time soon. Patience will always pay-off in the end. Once the bull-market starts again, we might see another new ATH for bitcoin along with the other altcoins. Just keep believing in crypto because mass adaptation is still yet to come.

I can understand your conditions.But you have only one option now.Don't worry about the fall and proceed to buy.I don't know the accurate reason for the fall,but it will recover very soon.May be end of this month.Many had expect the raise in bitcoin price.

Bitcoin went for 2k to 20k because of mass media attention to Bitcoin.

This is a one-time shot and we won't get it again any time soon.

Don't expect this kind of attention in the next 5 years.

every time the price falls we have many threads made by people who are in despair because the price has dropped, but they forget that the price may fall or it may rise. so when you enter that market you should be aware that the price may fall or move up.


Did you want them to say:

Sell
Sell
Sell

they are saying HODL because they believe in the price increase in a few years


probably fall to that price of  $5000, no one can guarantee that it will fall to this price of 5000 $, just as it is not impossible that reaches that price of $50,000 in the next 5 years


you must insure for at least 2 years, now the price may fall, but in the long term it is possible that it has large increases

I think it is normal if you get panic when you see the recent market, we always expect that bitcoin will increase significantly and we have been waiting almost 6 months but until now we can't see the price increase and touch a highest value like before but if you still have a little trust you can continue to hold your bitcoin because I still believe that bitcoin still have a good potential in the future.

I am able to understand your thoughts and situations. Shit happens and we just have to accept those shits as they come. I was actually a very big fan of buying the dips also for a while until I just could not any longer based on the fact that the feeling hurts so much and that made me to decide to just follow the trading path, learn so much about trend following and that worked pretty fine for me now but in any way, I am so happy to hold your hands. ;D

It still works though for those who have the strong heart to overlook the hurting feelings. If we look into the past where how people managed their holding when bitcoin prices fell down from $1200 to $180 in span of 15 months then we also will get some mental preparedness.

we can hold your hand and you will survive in any conditions that will happen in the future. don't be afraid and stay survive because bitcoin will be increased soon. I am sure that many of us have this experience and we can hold each other to stay survive in the crypto and I am sure that in the end, we can make a lot of money. the price will always like that and I think every people will get this too and not just you, as long as we (especially you) can stay calm and not panic, then we (and you) are fine and we can continue our journey in the crypto.

Let's hold hands together and walk all over the streets and tell the people that we're happily HODLING not only our crypto's but with our hands as well. Now, we're going to see on who are the real coiners out there and who are those no-coiners that are pushing others to mock us (HODLERS). Shame on these bandwagons that are also telling "buy the dip" before. They might sold some of their hands at good rate and now they are happy to see others who got stuck in the middle.

If you need support buy yourself a cane. Every cryptocurrency user should always be ready for such a scenario. It hurts but you have to be able to deal with your emotions on your own. You won't be supported all the time. I am to this situation on philosophically. The lower the bitcoin falls now, the more it will rise in price in the future.

Its normal to get hurt when the market price is decreasing but do not try to cash out your coins when it was decreasing because you will lose more investments in this way, the market price will still increase after a few months so keep your patience high.

Not only yourself,all the people will use to inverse in bitcoin and Ethereum on the price fall and price reduction.Bitcoin is the only asset available in the market which gives you 100% profit in certain period of time.Last year many miracle happen in bitcoin price and hope it will occur again.

When they say buy the dip, they also say it should be strategic, they also put it as a disclaimer that you don't buy with money that is a determinant to your existence or basic living because while everyone knows its a good investment, no one knows the timing when the returns will pay off and people are not patient enough to allow things play out naturally. Outside crypto or stock the highest return on investment would be 15% in a year but we all wanted that to happen in one week yet we are the ones that shout about market manipulations.

Its normal for the price to dump because it gives people the chance to invest a huge amount, no one will be interested on investing if the price is always high and cryptocurrency will be useless if the market price is stable because it will not be good for long term investment even more.

That's not interesting and much more profitable when you buy more as it decreases. Youn can't predict the dip so you buy in this way.

They say buy the dip when you think it is the lowest rate it can get. Also, waiting is not just in weeks or months. Bitcoin is a long term investment so you should be patient about it. You should not check the prices every time you want to, indeed that is depressing.
Do not invest if it is a large percent of your money because of the volatility.
I don't know about you man but try to be stand for yourself and where you started.

I can hold your hand if you could promise yourself to be strong on your own.

Yes I will do it if you promise to skip and trot with me and smile. We will sing, "We are poor, we are poor, but we are happiliy HODLING". Hahaha.


I am one of them, and I always buy the dip, but this time I used all my savings instead of a small % of my monthly salary. :-[

I do not have fiat to pay rent or buy food. Hold my hand. Haha.