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Author Topic: Can you hold my hand?  (Read 288 times)
BitcoinNewbie15
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June 13, 2018, 05:05:30 AM
 #41

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

Hey! My hands are soft too  Angry 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  Wink


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June 13, 2018, 06:45:44 AM
 #42

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.
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June 13, 2018, 07:30:10 AM
 #43

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..

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June 13, 2018, 09:24:21 AM
 #44

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.

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June 13, 2018, 09:52:57 AM
 #45

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

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June 13, 2018, 03:53:53 PM
 #46

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!
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.

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June 13, 2018, 04:21:53 PM
 #47

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.

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June 13, 2018, 04:26:31 PM
 #48

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.
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June 13, 2018, 04:37:08 PM
 #49

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.

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.
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June 13, 2018, 05:07:23 PM
 #50

I need support.

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.

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

Just wait Grin

Did you want them to say:

Sell
Sell
Sell

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

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

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

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!

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



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June 13, 2018, 06:19:44 PM
 #51

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.

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June 14, 2018, 09:00:51 AM
 #52

[im g]https://i.redd.it/35htxr9719311.jpg[/img]

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 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. Grin

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.
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June 14, 2018, 12:41:15 PM
 #53

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.

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.

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June 14, 2018, 12:46:18 PM
 #54

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.


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June 14, 2018, 02:23:11 PM
 #55

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.
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.
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June 14, 2018, 06:29:08 PM
 #56

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.

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.

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June 14, 2018, 06:45:50 PM
 #57

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.
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June 14, 2018, 07:55:04 PM
 #58

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.

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webdevmastery
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When Football meets Crypto


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June 14, 2018, 08:09:47 PM
 #59

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.

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.

berrygood
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June 14, 2018, 08:28:08 PM
 #60

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.

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