Bitcoin Forum

The USA dollar goes down and down.
I Think its a hidden GEM. 
Definately Worthed to Buy it dollar is cheap and it has huge market cap and upside potential.
When this Rocket Will blast off to moon you better be on this rocket,  specially upcoming deflationary Stage.
And its ATL now and it gets Even lower few years later can sell it with huge profit I guess so.

Specially Biden politics who will create strong dollar no doubt about it. 

We should buy according to the trend of the market and according to the nature of each altcoin.
During the downtrend, many altcoins fell in price and they continued to decline in price.
So only buy altcoin while the market goes up because then we have a higher chance of winning.
Buying altcoins is by nature analyzing a coin based on the development of that coin and good news like system upgrades, listing on a good exchange, getting more investors ...

You don't buy coins blindly because it is cheap so you don't get trap. Many projects are dead on arrival and so when you invest, you go down with it . You need proper research before investing on any project.

Even though the US dollar is always primed for gains, I'm weary of trading and stockpiling it currently just because the US economy hasn't been in a good shape in the past few months. Statistics-wise, USD is in a good roll, though if you look to it closely you can see that its value is highly inflated together with the stocks and real estate. You simply don't buy assets just because they are dirt cheap for a while; you also need to assess what is happening around on the market it belongs to. It could be a trap that will just lead you to lose money in the long run that you'll regret.

Careless buying just because a certain coin is experiencing a deep would only lead you to regrets on the latter part. Instead of focusing on dips, maybe it would be much better if you will watch the price movement in the market and at the same time, look at the coins that are experiencing dips as they are currently included on the trend. Do not buy all the cheap coins you see, instead buy only the cheap coins that has the potential of pumping hard as time passes by. At some point, if you will buy all the cheap coins you see in the market, some will eventually turn into a shitcoin or remain on a low value so be careful what cheap coin you are buying always.

A dip in the market does not necessarily indicate that it is the best time to buy; it may experience another downturn and cause another dip. That's why we always tell DYOR: do your own analysis, evaluate the graph and the coin's movement, and then buy if we're pleased with the dip with good support. All are now on the internet, so you can look up any information you like about the asset you want to invest in to see if it's still worthwhile. The majority of people who lose money as a result of FOMO do so because they do not conduct adequate research. As a result, they lose a lot of money.

"Don’t buy blindly"

Just so you know about Biden's new taxation, this has happened recently.

Bezos sells nearly $2 billion worth of Amazon shares (https://www.cnbc.com/2021/05/05/amazon-ceo-bezos-sells-nearly-2-billion-worth-of-amazon-shares.html)

Jeff Bezos sells more than $2.4B in Amazon stock (https://www.geekwire.com/2021/amazon-founder-jeff-bezos-sells-2b-amazon-stock/)

And why would you buy a dollar? if you're even wanting an investment then why choose fiat? buy bitcoin instead.

You shouldn't just buy coins anyhow. Don't buy coins just because they are cheap. You'd realise that many of the altcoins are actually shitcoins that don't rise again after a dip. They just continue falling in price and you'd lose quite a lot of money by buying them.
I'd say before you make any altcoins purchase, you should actually take time out to know which ones have the potentials to rise so that you'd make profits.
And if you're talking about buying the US dollars, I think the best form of investment isn't investing in fiat currencies but in a prominent cryptocurrency like bitcoin.

Despite of so much pressure on the value of Dollar I think it is still one of the best fiat currency which can easily rise despite of any economic crisis so buying if on its dip price is also a good investment for long term. Seriously, there’s no focus on fiat money right now because of the uptrend in cryptomarket, after this maybe investors will go back to Forex, its still a good market though.

He's not talking about a coin project but USD. He wants you to invest in fiat money like they do on forex platforms.

I don't dabble in fiat trading and don't recommend it. The margins are so small you are forced to play on high leverage to get any significant profit. It's a meat grinder for newbies.

I also don't trust Biden. He look's like he could die from a heart attack at any moment.

I interested to USD as it get more and more stronger against my national currency. But it still fiat money which always experience inflation every year. I still want to have some USD  for short term investment. For now I more focus on cryptocurrency because it is in good trend, I don't want to miss it.

It's very uncertain where USD will go within this year actually. If you are one of those who thinks it's going up, you are not very aware of what is going on. US had been looking for ways to hold the position being the currency reserve but the threat is getting stronger. Buy the dips only work on crypto especially the good tokens like BNB and ETH.

Dont know if youre trying to be sarcastic or what but i dont see those qualities that you are trying to say here. Upside potential? Im aint a fan on dealing with fiat.
For sure majority of people would really be having the same mindset so if this one you do look on then its your choice but majority will really be going to the
opposite side.

Buying coins or crypto in dips is much a better option or choice for me rather than sticking out with dollar.In terms of profitability level or scale
then theres no question about their differences.

You don't blindly invest into something just because you see it is deflating. Fiat is different from crypto and it has a long term effect unlike with crypto it can be easily pump and dump. I guess you need to read more about inflation and deflation about fiat money, OP.

In terms of crypto it is acceptable since most of the price pump or decline could happen in a short time that's why it's so volatile. And you need to do your own research if you want to invest into something and not just blindly investing because you see it's cheap. No, it's not like that. You need to know the whole market idea and what causes it to dip or pump.

The federal reserve has expanded its balance sheet to purchase record quantities of US bonds.

They also appear to be responsible for a significant amount of stock market trends since 2008 through QE injection of funds into stock trading investment banks.

No doubt the fed under Biden could expand its balance sheet to buy up large quantities of the US dollar on FOREX. To boost its price artificially.

But would that be a sound policy over the long term.

That depends, if it is crypto or stocks then you should probably buy it but if it is items that you are going to physically use, you might want to invest on more expensive ones since they are more of high quality compared to cheaper products.

Not everyone can afford to do that, not every people can buy expensive beds that lasts for decades even though it is most beneficial, they don't have a choice because being poor is really difficult because you don't have access to quality. You are right about stock though but if you are just starting, I suggest that you should get in no matter what the price is because you might be missing out and that price might be the last time that you will ever see that.

Buying altcoins or Bitcoin is a good idea but not for the Dollar.
The Fed prints money and doesn't know how much more it will continue to print to sustain the US economy. So the idea of a dollar increasing in value will be a prediction. Increasing the value of the dollar will also not be as profitable as altcoin or bitcoin.
The decision to buy anything cheap needs to consider the nature of the market at the time of the discount. Trends are friends so I only buy something good when the market is in an uptrend. Buying anything without careful consideration is a real risk.

Since cryptocurrency started showing it is a good investing asset not many throwing money into stocks trading but the direction is changing into cryptocurrency and that has made investors rich. This current year has met some lucky investors, bnb and some others have given extreme profit to investors.

Buying deep is profitable but not easy to identify. This is the difficult aspect of cryptocurrency however because it is mainly on speculation as it is not regulated. So ideally if buying a coin, the best to do is try doing going knowledgeable research to see deeps in the coins , the deep is highly profiting. Example for dogecoin which is mostly the new rave of the moment. Doge has been on deep for a longtime around 0.01, 0.02 and even to 0.03 but it is up now. Imagine investing that low and what profit hodlers have made now.

It's easy to say to buy what you want and produce big things later. You also need to be sure of what you are buying because if you are in doubt, Maybe losses will haunt you every night. I agree with your words about no human being who wants to choose to be poor or hopes to have nothing and become a scavenger. If you can buy what makes it possible to make profit in the future it is best to do because opportunities will not come twice before you. Regret will come to you.

We could easily solve the problem of the poor not being able to buy quality products by helping them, most of the poor people don't want a hand out, they just want a little help in their journey. Many people will invest if there is less poor because we helped many of them get a little stable financially.

One just needs to be extra careful of whatsoever coin you want to invest into irrespective of the dip. I have more than 20 coins receive from airdrops and bounties which are dump since 2017 till now.

The best option is to buy when you feel to buy because everything become cheap as you said and some people will disreegards it, now i suggest that weather something is cheap or cheaper someone should value it, then i can say that the reason a country currency always go down is the factor that affects their economy, so economy is the back of any country, which i will say that economy determine the relationship or financial buoyancy of a country

I am not sure about the idea of ​​spending money to buy UsD at the moment.  Would Biden want to give a centralized mission to stop deflation and fund stimuli to increase the upward impedance of the dollar in order to strike a balance?  But with the new tax law, it wouldn't be surprising if Defi continues to boom.  Towing along a very strong trend in the whole market.  The global epidemic - Covid is still raging, bitcoin and crypto will continue to explode.

cheap doesnt mean it will be opportunity for us. we must make proper research to identify what actually happen till price continuesly down to the dip. i am just worry we buy the dip because project dying and investors leave it slowly. but if we buy the dip due fud or panick selling maybe we will got good gain after it.

From the little experience am having I believe when something is dip that's the best time to Buy it but sometimes your dip might still be the top what you think is dip might still be at the top when you think it is dip already you can never catch the bottom so whenever you are buying the dip always make sure you buy in percentage don't just buy a coin at once because you think it is already dip things are not don like that. Let me give you one example from the experience I hard sxp coin was at $3.8 so the coin dump to $2.5 which I bought because I was thinking the coin is already dip so that's the best time for me to enter later the coin dip more and drop to $0.5 so I was happy I bought at $2 5 thinking it was dip but I still bought at the top not the dip.

Rookie mistakes some investors still make. They believe that because the price of a coin is low then there is the opportunity to hide it to the MOON when there is a Bull market, they forget that some projects will not make it to the next Bull market and even the ones that do, some will never get beyond a certain price.
I remember a project I invested in back in 2019 and the price now is 10x less in the Bull market than what it was when I invested though I have since cut my loss.

Not all the cheap things are worth it and so does the dips.
There are things that are meant to be cheap so don't buy it all.
Remember that not all the sales on supermarket are really on sale sometimes they are just disposing some of their products because it isn't selling well.

This is why people got trap they didn't even think that there are possible major collapsed happening and buying at what you think dip is riskier than you though, I think the best position to buy them is near in their supports since if we are into that position well we can sit tight since we now that we can possibly cannot see more dumps, we are actually buying at the dip in that position although it will give no guarantee but that can make us little more safer from more upcoming huge dump.

Maybe I'll wait a decade more so that I can buy more USA dollar with my cryptocurrency.  I still think it is overpriced today so it is not advisable to buy it since the price, as you stated, keep on going down.  And I also think it isn't at all time low now, it will be lower tomorrow and the days to come so it is breaking its  ATL record every minute.

Yeah, I'm partly agreed with it, not all cheap was worth buying or investing in because the will be times that even if you buy at a cheap price it won't go up anymore. That is why before doing anything make sure you do some analysis or proper research to reduce the risks. In the case of Dollar, I don't see any reason why you should skip this opportunity because pretty sure it will go back to normal if everything gets fixed up. Anyway, it still your call but make sure you plan this well.

That might be the common scenario of most of the people here. The good thing is, you had not spent your hard earned money but you spent your time and efforts (like I am ready to work hard for hours but I will hesitate to spend my BTC). You might have been happy this time if you were focusing only on bitcoin kind of known things. But, people were accepting whatever coins given out for airdrops/bounties; that must be the actual problem.

Buying at dips is good but only for the case of known and highly reputed coins like bitcoins and definitely not for any coin. Never try to catch the falling knife but you should be good at your due diligence to filter out potential things from rest of shitcoins.

I disagree.

Not every dip is profitable, because sometimes that "dip" go for more dips and stays on that dip for some time or for long period of time before it pumps again, that is why technical analysis is very important in every trade you make to avoid losing of profits. Also, not every cheap currency has the potential to give you profits, sometimes it does the exact opposite of what you were expecting, so reading the news and staying updated will help you to figure what coin is the right one to buy.

Buying whenever on the dip does not always apply to all sort of thing because you must assess it properly to think if it will be worth the spend buying it while it is on the down side for you will be investing money on doing such and you sure must not make your spend get into waste right? You should always look up into the trend if buying it at a low price will be worthy for the long run because if not, spending for such will just be non sense. You must be pretty aware that not all downfall is equivalent for an opportunity to purchase. Do not get yourself caught it the trap of the dump. Be wise as well on doing decisions.

I agree with this. Not all tradeable commodities are bitcoin to make use of every dips (because bitcoin's case is unique with limited supply/halving/mining and more importantly with innovations). Have experienced many things got stuck at lower end of prices after falling from peak price levels. So, being careful and cautious will be definitely help for any investors; I am talking not only for the case of US dollars but against any investment opportunity except bitcoins.

When you are good at speculating about the upcoming trend then you can go heavily also by buying at dips. Only when technical things are in your favor to support you to buy at dips, you can go without any hesitations else just staying away will be highly sensible action.

I am not sure about it. Biden is pumping a lot of money into the economy. They are trying to revive their economy, and a strong dollar would be bad for their exports. So even if the dollar would rise short term, the long term pressure  would be downward again. The easiest way to reduce the value of your currency is to just print more of it. I would be careful with buying too many dollars right now. Why not just buy cryptos instead?

They can print but the market crashes will eat that money Easy.
Many investors will lose and thts how the dollar is winner.  Crypto is Good When inflation is high.
But deflation best is dollar.
Dont u know that?

This. It is a common pitfall for many, but it is already dead the day it plummeted in price. It could've went through the whole roadmap, but that roadmap is about to be stalled by the dumping.

I believe this works only with things that we all know will work and have a reason to continue to work. Let's say you see ETH drop, in that case you could still buy more at the dip because you know how awesome ETH is and how it will recover, or let's say BNB went down, you could still buy that dip because you know CZ will find a way to get it higher once again.

However let's say doge went down finally, you could just ignore it and not buy the dip because we are talking about something useless, sure it went up a ton this year but that was just some weird people making weird moves, there is no logical reason for it to go up. So long story short it is not purely bitcoin, even gold or most house prices all go up so there are other altcoins as well that can go up, as long as it has a true reason for it, but I agree, there are tons more that could dip after dip as well.

Uhh, I don't think that's how it works. USD may have huge upside potential but it's been a few years now and it has still yet to see good gains so far. Besides, hyperinflation is there so even if USD became profitable, it probably won't be for long because it will be hyperinflated provided that the people of America used their dollars the same way they are using it now.

Until usd are reserve currency and we have deflation it means demand for dollars go bigger.

I am not so sure about it. Yes USD is a the global reserve currency number one and a lot of people will always be trading in it. This is not likely to change any time soon. But Biden is issuing a lot of stimulus projects at the moment. All this new money being injected into the economy has inflationary tendencies in my opinion. At first the USD will be less valuable because of more money, but he long term pressure from stronger economy should be upwards. The FED might try to stop this but with an inflation target of around 2% we should see the USD to become stronger again.

They will try to probably stop it but I don't think that their stop gap solution will be enough because the more they try and resist, the more it will hurt for the people of USA because they are the ones that will suffer the most damage when hyperinflation happens. We don't know what happens next but I know for a fact that they will do everything since USD is a reserve currency around the world.

USA got all the resources to compensate the whatever amount of USD will be printed hence hyperinflation is not at all possible for USA unless otherwise something war kind of things occur; Inflation will be a problem for the country which is not having enough production in terms of consuming people and their requirements. When you are having decent population along with fair resources then you must need to print more money to make everything stable and balanced. I guess this is what happening with USA right now. So, expecting USD to be weakening may last infinitely.

I am optimistic that the price of bitcoin will not be lower than that of the current moment, the range of 30K. Sometimes I have the feeling that we are reliving the experience of last year when the price of bitcoin fell to 3K. So that inadvertently the price of bitcoin was making its best run.
If so, we are at the best time to buy because bitcoin will continue to reach new ATHs.

Even in crypto, having its dip price is not enough to accumulate more on what is around. We need to make a good research first and deep analysis if those coins have rooms for their improvements and have good potentials to live longer in crypto market. But not just in crypto, i think once we decide to invest in such assets, we should learn to assess first its quality if it will be a good catch in the future.

Don't get your hopes up with this one, always expect that the worst could always happen, this kind of mental readiness is going to help you prevent panic when the worst ensues. Just always have some money on your side so you will be prepared to buy when the prices really did go lower.

Always make a trading plan not all the time buying the dip is the best time still it's better to make a plan so you keep on track if you lose you can take it back immediately sometimes too much fear of missing out gives you towards to make a lot of losses. Still, the decision is yours. The same way with cryptocurrency the best way is always to learn and continue learning such as technical indicators, market graphs, technical analysis and more. If you think made a reversal pattern why not take a grab the chance.

doesn't hurt when you keep a stablecoin in times when the market itself is confused about where its trend will go. i can't even decide where the price is going so i'm just going to keep usdt with me or maybe buy when the price goes more than $40k.  

buy the dip if you know it's the dippest but this is if you are a long-term investor which i'm not. but what i don't understand why OP wants to hold USD for so long.

I doubt that it will be as profitable as bitcoin. It is still fiat, my national currency is cheaper every year too but I don't consider it as investment. The USA dollar is much stronger than my national currency but it still fiat. Maybe I can still get small profit from it but I prefer like to choose bitcoin. I think buy property is still better, property price almost never fall, even it tend to rise. Once we buy it then our wealth is growing little by little, day by day. And it can be faster if we rent it.

Depends on each person, as you have said, you aren't a long-term investor which means that you will take all the necessary precautions to prevent losses or at the least cut it early. I don't think that's how it works on buying the dip though, you don't know when will it go lower so you just have to wait for the right moment.

USD can still be traded, as we know that its value is being in decline, the percentage was far from what cryptos are currently dealing with.
It's flexible and may become profitable in a long run. BUT I would still choose crypto, we have more great possibilities, but still, the risk is always included.

I guess everything depends on the bankroll you have for making investments. We can talk what is cheap and what's good for buying, but what that worth if you don't have what to invest?

Another thing is perspective, "cheap" is different for many people, while some people can think $32k is little, for others that is a fortune. And that's the current price of Bitcoin. But whatever you may think about the current price from your own perspective, comparing the current price and possible price in the future, you may find that Bitcoin is cheap now.

This can be said with altcoins but not btc, any dip you buy is not a bad one provided you are willing to be patient and hold for some time, except you think there is a reason btc won't go higher in near future, otherwise, buying the dip in btc is seem a more better idea imo,
other alts i won't recommend buying at least not just yet because there is a possibility tey will go lower and even not able to recover to the previous ath, in the case of btc, it is the opposite, everyone knows btc performance when the market is in full swing.

Yep, that’s right . My savings are usually in other currencies that I feel are doing really good, just like the USD, I have been making use of the USD for savings because it has been performing better than my country’s currency and that means I will gain extra profit apart from the normal 12% per annum returns they give if the dollar should keep increasing in value. It is good to always check and compare other currencies and know whether you should be doing your savings with these currencies or not, it is really helpful, so you’re right about this.

Investing is not like that , you must study hard before getting into it or else you will just end up losing all your funds.
and US Dollar? lol i would rather buy Bitcoin pricing hundred of thousands .
Buying the dip and then losing in the growth?

It's not the most popular of the trading world though, pretty sure there aren't a lot of people doing foreign exchange anymore. Also, why did you quote my post when I didn't even talked about USD being untradeable.

if you play world currencies, it is better to trade Forex, this is more clearly felt profit than you are hoarding dollars and who knows when it will be sold. too long in my opinion. if you are not sure you can trade crypto when btc market crashes, at least you will get  3-5% profit if you lucky.

Because something is cheap is not always an indication to buy, cheap things are jot always good/profitable. It is always important you do your research, find out the reason why a certain asset has gone down in price before you make the decision to buy or not. If you buy blindly or impulsively, you might loose your money.

That depends on what's the product or services you are buying, some are good that it's cheap and some are good if it's expensive and in the case of a good cryptocurrency or a good stock, I am pretty sure that cheap can be a good opportunity to buy some bitcoin.

Buying from the dip is always a good choice on one condition. We should observe the events going on really well before buying anything (dollar, Bitcoin etc.). If things seem really alarming, then we should act according to it.

You must understand that not everything cheap is worth it to be bought, specially in huge amounts. That mindset is just wrong. Although it is quite evident how good of a currency the us dollar is, looking at the economical state of the US right now makes it less appealing to me. And with the hype of the cryptocurrency industry, I would rather invest here than on the US dollar. But hey, just because I or most of the people does it, doesn't mean you also have to. Each to his own, invest on which you feel most comfortable about(by comfortable, meaning you know what you are doing and aware of all the peos and cons).

I agree in what you have said because not all coins in the market is worth to buy and invest. Even a coin is in a dip, you should always do some research and study the market movement of these coins. Don't waste your capital in many worthless coins instead invest wisely.

for me there is nothing wrong if we want to buy when the price is already in. but there are some that we must pay attention to, among them we have to see if there is any support that can be used as a reference. besides that we should not spend capital to buy at one price, we must anticipate if our analysis does not work, so we remain calm to take risks

If something is cheap and there is a reason for it to go down, then you might be worried. There have been some coins in crypto world that went cheaper and cheaper and eventually basically died, or there are stuff in fiat world where things went cheaper and cheaper and eventually got destroyed as well.

However one thing is for sure, bitcoin is not like that and I believe ethereum and bnb is not like that neither but you can argue against that, however bitcoin is definitely like that. Bitcoin went cheaper "just for now" 100% guaranteed, maybe it will go up in the next month, maybe it will go up 3 years later, but one thing is for sure that it will go up again. Only reason not to buy it right now is the fact that it may drop even more before it goes up and that is the part people are not sure about, everyone knows that bitcoin will be 50k+ one more time, but they do not know if it will be 20k before it is 50k+ again.

Actually as long as the market cap is healthy there is no reason to worry, you can easily manifest which coin is going to be abandoned or if it cannot recover from a dip, usually I use market cap as an indicator of whether the coin is still worth to buy or not. Yes research is important as well but there are really good coins with good background that fell off and did not recover.

Based on the research if someone feels that it has fallen a lot and future it will bounce back, then should not be missing the buying opportunity and start buying because in bitcoin when the bounce back happens it is faster and you can make that count on your side.

Actually buing is also an art before buying market analysis to be focus and decide either buy for long run or short term.This is often the troublesome perspective of cryptocurrency however because it is basically on hypothesis because it isn't directed. So in a perfect world in the event that buying a coin, the finest to do is attempt doing going learned investigate to see deeps within the coins , the profound is profoundly benefitting. Illustration for dogecoin which is generally the modern rave of the minute. There are also more coins like Doge still have worth and potential like Cardano doing well and in long run will be beneficial.