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Author Topic: Can you hold my hand?  (Read 293 times)
Wind_FURY
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June 11, 2018, 06:14:19 AM
 #1

Sad



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.


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June 11, 2018, 06:25:44 AM
 #2

ROFL, zoom it out, that's too close.
It's Bitcoin and Cryptocurrencies, not Stockmarket or Forex Exchange.
chart
You've missed the real dip!

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June 11, 2018, 06:42:02 AM
 #3

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.
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June 11, 2018, 07:17:47 AM
 #4

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.

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June 11, 2018, 08:04:19 AM
 #5

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.
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:
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?
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June 11, 2018, 08:06:35 AM
 #6

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

Just wait Grin
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June 11, 2018, 08:10:48 AM
 #7

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 %

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June 11, 2018, 08:19:57 AM
 #8

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.

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. Smiley

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June 11, 2018, 08:22:06 AM
 #9

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.

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. Smiley

If we will go to $3K, we will stay there for years. Or may be forever Grin
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June 11, 2018, 09:24:43 AM
 #10

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.

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June 11, 2018, 09:49:28 AM
 #11

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.

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. Smiley

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

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.














 

 

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June 11, 2018, 09:55:37 AM
 #12

Sad



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.

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.




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June 11, 2018, 10:09:43 AM
 #13

$50K? Grin Grin Grin
It will be $5K very soon.
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June 11, 2018, 10:43:11 AM
 #14

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.
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June 11, 2018, 10:53:27 AM
 #15

$50K? Grin Grin Grin
It will be $5K very soon.

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.

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June 11, 2018, 11:30:37 AM
 #16

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.

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. Smiley

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

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 $50Kand stick to what matters most: bitcoin as a currency not an investment.

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.
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June 11, 2018, 11:36:02 AM
 #17

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.

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June 11, 2018, 12:35:16 PM
 #18

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

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June 11, 2018, 01:22:52 PM
 #19

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.

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. Smiley

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

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June 11, 2018, 01:50:15 PM
 #20

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.

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