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Author Topic: Can you hold my hand?  (Read 288 times)
mackenzied
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June 11, 2018, 06:46:31 PM
 #21

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!

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June 11, 2018, 11:13:59 PM
 #22

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.

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.
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June 12, 2018, 05:27:09 AM
 #23

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.

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. Cry


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June 12, 2018, 05:59:59 AM
 #24

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.

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June 12, 2018, 06:15:51 AM
 #25

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

Just wait Grin


 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.
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June 12, 2018, 07:15:54 AM
Merited by Wind_FURY (1)
 #26

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.

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. Cry

my hands are calloused from years of holding my Ultra Great Sword and my big ass Greatshield Cheesy

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.

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June 12, 2018, 09:00:55 AM
 #27

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.
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.
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June 12, 2018, 10:54:30 AM
 #28

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.
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June 12, 2018, 03:16:14 PM
 #29

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.
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

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June 12, 2018, 03:18:17 PM
 #30

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!

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.

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June 12, 2018, 03:30:16 PM
 #31

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.

You want him to be happy for losing money?
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June 12, 2018, 03:34:43 PM
 #32

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.

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.

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June 12, 2018, 04:34:55 PM
 #33

Sad

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.

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.
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June 12, 2018, 05:43:15 PM
 #34

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.
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.
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June 12, 2018, 05:55:49 PM
 #35

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.
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.

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followmenot
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June 12, 2018, 10:19:05 PM
 #36

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.

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June 12, 2018, 10:25:26 PM
 #37

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.

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June 12, 2018, 11:58:36 PM
 #38

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. Angry

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June 13, 2018, 12:30:27 AM
 #39

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

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June 13, 2018, 04:03:04 AM
 #40

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.
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.

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).

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