Buy the DIP, and HODL!

[JayJuanGee]

It is easy to say that ""Buy the dip" but it is nearly impossible to know what the dip price is. We are just making our predictions and acting according to it. And we hope that we invested in at the right time. But of course, you don't need to care about what dip level could be too. You can just make an investment any time you want and start waiting for a long term.

usually when the price of bitcoin or altcoin is on a decline, I will try to place an order at several different prices and I think it is quite effective for those of us who don't know how much the price decline is likely to be, and even from some of the altcoin portfolios that I trade on the market , I even got some of them at the lowest prices when ordering prices in spot trading, so obviously this will be profitable and can also cover the losses of some of the altcoins that I bought at a slightly high price before.

Fuck shitcoins.

We are not talking about shitcoins in this thread...especially when it comes to the concept of HODL.  Do you really believe that there is any such shitcoin that you would HODL?  Don't answer that... it's not relevant here, even if you might come to such nonsense conclusion.

[1714589678]

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[Mkmanik]

It is easy to say that ""Buy the dip" but it is nearly impossible to know what the dip price is. We are just making our predictions and acting according to it. And we hope that we invested in at the right time. But of course, you don't need to care about what dip level could be too. You can just make an investment any time you want and start waiting for a long term.

Agreed with you. No one can able to say what is the exactly Dip price is. But with the help of Technical analysis, we can predict a  level and can ably make our decision. So technical analysis is very important when people want to make an investment decision. Investment in Bitcoin is really profitable there is no doubt. But the condition is you need to buy it for a long time. In the long run, Bitcoin will give a good return.

Take a look at Bitcoin Monthly Returns(%)

[Wind_FURY]

It is easy to say that ""Buy the dip" but it is nearly impossible to know what the dip price is. We are just making our predictions and acting according to it. And we hope that we invested in at the right time. But of course, you don't need to care about what dip level could be too. You can just make an investment any time you want and start waiting for a long term.

Agreed with you. No one can able to say what is the exactly Dip price is. But with the help of Technical analysis, we can predict a  level and can ably make our decision. So technical analysis is very important when people want to make an investment decision. Investment in Bitcoin is really profitable there is no doubt. But the condition is you need to buy it for a long time. In the long run, Bitcoin will give a good return.

I’m stupid, and a bad “trader”. There was no need for me to be specialized in “technical-analysis” to buy the dip. I simply saved some of my monthly salary, zoomed out, and waited. I was also very lucky.

Take a look at Bitcoin Monthly Returns(%)

Because of the mini-crash, September will not be negative.

[Mkmanik]

Because of the mini-crash, September will not be negative.

Yeah, I also believe it. I strongly believe September and October will be good for Bitcoin holders. I am very bullish on Bitcoin right now. Bitcoin tried to break the $48,000 resistance and it failed, but the current price is $47,000 and again it's trying to break the resistance price. Hope soon there will be a pump of Bitcoin. Took a long position at $47600 and the target price is $49,000-$51,000. Most of the CT people are also bullish on Bitcoin. Hope September will be a good month for the crypto world.

[skarais]

I’m stupid, and a bad “trader”. There was no need for me to be specialized in “technical-analysis” to buy the dip. I simply saved some of my monthly salary, zoomed out, and waited. I was also very lucky.

Your strategy in investing bitcoin can also be considered good and profitable in the long run. If you consistently buy every correction and hold it in the long term, then I believe you can also make big profits. Regardless of what strategies we have used so far in investing, buy the dip seems much more popular now.

I once heard a story about someone who regularly invests in bitcoin every day. He started to think bitcoin was a safe and profitable store of value in the long term and decided to invest every day regardless of how much it cost. After a few years, he made a completely unexpected profit from his habit of investing. I think this strategy is almost similar to your investment strategy.

[Wind_FURY]

I’m stupid, and a bad “trader”. There was no need for me to be specialized in “technical-analysis” to buy the dip. I simply saved some of my monthly salary, zoomed out, and waited. I was also very lucky.

Your strategy in investing bitcoin can also be considered good and profitable in the long run. If you consistently buy every correction and hold it in the long term, then I believe you can also make big profits. Regardless of what strategies we have used so far in investing, buy the dip seems much more popular now.

I once heard a story about someone who regularly invests in bitcoin every day. He started to think bitcoin was a safe and profitable store of value in the long term and decided to invest every day regardless of how much it cost. After a few years, he made a completely unexpected profit from his habit of investing. I think this strategy is almost similar to your investment strategy.

I believe it is starting to become very very obvious that the current crash is another golden opportunity to start looking for discounts? Plus if this might indeed be the bear market, wait longer/be more patient/save and save your money. You want to have something to buy with when the time is right.

[stadus]

I’m stupid, and a bad “trader”. There was no need for me to be specialized in “technical-analysis” to buy the dip. I simply saved some of my monthly salary, zoomed out, and waited. I was also very lucky.

Your strategy in investing bitcoin can also be considered good and profitable in the long run. If you consistently buy every correction and hold it in the long term, then I believe you can also make big profits. Regardless of what strategies we have used so far in investing, buy the dip seems much more popular now.

I once heard a story about someone who regularly invests in bitcoin every day. He started to think bitcoin was a safe and profitable store of value in the long term and decided to invest every day regardless of how much it cost. After a few years, he made a completely unexpected profit from his habit of investing. I think this strategy is almost similar to your investment strategy.

I believe it is starting to become very very obvious that the current crash is another golden opportunity to start looking for discounts? Plus if this might indeed be the bear market, wait longer/be more patient/save and save your money. You want to have something to buy with when the time is right.

This is a huge dump, but it's normal in crypto, we just have to find out if this is just a one-time crash or the crash will continue. If it will, then we might be heading to a bear market which is definitely a real golden opportunity to buy as this means we will see a much lower price that would cause a bigger panic.

[markdario112616]

If one has the capability to invest now then grab it, The current situation is an opportunity. Though, don't forget to DYOR before engaging in something. The market is a bit interesting now, one of the best times to play in and explore. A lot of opportunities have opened up, to be honest.

Despite the huge movement, please don't panic and just be patient. Just keep your ground, trust your data and somehow your instinct. HODL as much as you can for now, better day is ahead 

[nelson4lov]

If one has the capability to invest now then grab it, The current situation is an opportunity. Though, don't forget to DYOR before engaging in something. The market is a bit interesting now, one of the best times to play in and explore. A lot of opportunities have opened up, to be honest.

Despite the huge movement, please don't panic and just be patient. Just keep your ground, trust your data and somehow your instinct. HODL as much as you can for now, better day is ahead 

I don't know why but I'm not bothered or worried about the market decline that started on Sunday. I think it might most likely be because the overall market trend at the moment is bullish ~ I mean, El Salvador keeps buying more bitcoin and adding to their portfolio. Microstrategy isn't selling and most big traders I know aren't taking out their positions yet. Goes to show that everyone still believes that we aren't done yet in this cycle. At the moment, I'm just DCA-ing. First at $43K earlier today. I would buy if it goes any lower than this though.

[Wind_FURY]

If one has the capability to invest now then grab it, The current situation is an opportunity. Though, don't forget to DYOR before engaging in something. The market is a bit interesting now, one of the best times to play in and explore. A lot of opportunities have opened up, to be honest.

Despite the huge movement, please don't panic and just be patient. Just keep your ground, trust your data and somehow your instinct. HODL as much as you can for now, better day is ahead  

I don't know why but I'm not bothered or worried about the market decline that started on Sunday. I think it might most likely be because the overall market trend at the moment is bullish ~ I mean, El Salvador keeps buying more bitcoin and adding to their portfolio. Microstrategy isn't selling and most big traders I know aren't taking out their positions yet. Goes to show that everyone still believes that we aren't done yet in this cycle. At the moment, I'm just DCA-ing. First at $43K earlier today. I would buy if it goes any lower than this though.

Plus always zoom out, when in doubt.



There was someone who asked that what’s a good altcoin “investment” for short term during the current crash/dip. The replies were, shitcoins, and maybe NFTs. These are stupid short term investments during a dip because you might have less Bitcoin than you invested after conversion. Best SHORT TERM investment during the dip? ONLY IF NEEDED, United States Dollars. The conversion back will earn you more Bitcoin.

[aoluain]

If one has the capability to invest now then grab it, The current situation is an opportunity. Though, don't forget to DYOR before engaging in something. The market is a bit interesting now, one of the best times to play in and explore. A lot of opportunities have opened up, to be honest.

Despite the huge movement, please don't panic and just be patient. Just keep your ground, trust your data and somehow your instinct. HODL as much as you can for now, better day is ahead  

I don't know why but I'm not bothered or worried about the market decline that started on Sunday. I think it might most likely be because the overall market trend at the moment is bullish ~ I mean, El Salvador keeps buying more bitcoin and adding to their portfolio. Microstrategy isn't selling and most big traders I know aren't taking out their positions yet. Goes to show that everyone still believes that we aren't done yet in this cycle. At the moment, I'm just DCA-ing. First at $43K earlier today. I would buy if it goes any lower than this though.

The latest correction in price is as a result of a possible default in loan repayments
by Chinas second largest development company, Evergrande.

The stock exchanges are spooked which spills over into the Crypto markets. This
is a great time to buy but who knows if we have hit the bottom resulting from this news.

The Chinese property giant owes $300 billion and is on the hook for as many as 1.6 million apartments.

Once China’s most prolific property developer, Evergrande has become the country’s most indebted company. It owes money to lenders, suppliers and foreign investors. It owes unfinished apartments to home buyers and has racked up more than $300 billion in unpaid bills. Evergrande faces lawsuits from creditors and has seen its shares lose more than 80 percent of their value this year.

Quotes from the NYTimes google page so you dont have to register to view the article.

https://www.google.com/amp/s/www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.amp.html

[Wind_FURY]

If one has the capability to invest now then grab it, The current situation is an opportunity. Though, don't forget to DYOR before engaging in something. The market is a bit interesting now, one of the best times to play in and explore. A lot of opportunities have opened up, to be honest.

Despite the huge movement, please don't panic and just be patient. Just keep your ground, trust your data and somehow your instinct. HODL as much as you can for now, better day is ahead  

I don't know why but I'm not bothered or worried about the market decline that started on Sunday. I think it might most likely be because the overall market trend at the moment is bullish ~ I mean, El Salvador keeps buying more bitcoin and adding to their portfolio. Microstrategy isn't selling and most big traders I know aren't taking out their positions yet. Goes to show that everyone still believes that we aren't done yet in this cycle. At the moment, I'm just DCA-ing. First at $43K earlier today. I would buy if it goes any lower than this though.

The latest correction in price is as a result of a possible default in loan repayments
by Chinas second largest development company, Evergrande.

The stock exchanges are spooked which spills over into the Crypto markets. This
is a great time to buy but who knows if we have hit the bottom resulting from this news.

The Chinese property giant owes $300 billion and is on the hook for as many as 1.6 million apartments.

Once China’s most prolific property developer, Evergrande has become the country’s most indebted company. It owes money to lenders, suppliers and foreign investors. It owes unfinished apartments to home buyers and has racked up more than $300 billion in unpaid bills. Evergrande faces lawsuits from creditors and has seen its shares lose more than 80 percent of their value this year.

Quotes from the NYTimes google page so you dont have to register to view the article.

https://www.google.com/amp/s/www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.amp.html

FUD. China can BRRR-print Yuan without worrying about inflation because it has an annual trade surplus with the United States of $300 BILLION. Plus Chinese Policy Rates will obviously be lowered as early as October. There might be a “crash” in some sectors, but a controlled crash. BUY THE DIP AND?

[Wind_FURY]

China FUD. If everyone bought the DIP since 2013 during every announcement of China’s threats towards Bitcoin, everyone would be rich. The Bitcoin OGs know, the billionaires know, and they are buying YOUR Bitcoin during every DIP.

[Wong Gendheng]

Seeing the price trend since new ATH then I'm sure the price of bitcoin will not drop below $40k, if now the price of bitcoin is $42k then this is a price dip so buying immediately is the most appropriate thing, I'm sure before october the price of bitcoin will reach $45 so we can profit more than 10% in a week.

[Wind_FURY]

Seeing the price trend since new ATH then I'm sure the price of bitcoin will not drop below $40k, if now the price of bitcoin is $42k then this is a price dip so buying immediately is the most appropriate thing, I'm sure before october the price of bitcoin will reach $45 so we can profit more than 10% in a week.

You shouldn’t be too “sure” because we can only give probabilities, not absolutes. I have made the same mistakes before when I have said many times that “Bitcoin will never trade below $50,000 again”. Stupid me. Hahaha.

As an experiment, let me say, BITCOIN WILL NEVER EVER TRADE BELOW $40,000 AGAIN. Be ready to buy the dip.

[Wind_FURY]

I’m WRONG again! But being wrong in this current instance that I would like to be! But no more “experiments” from me, and no more preaching/annoying everyone to BTDaH. I don’t want to upset Bitcoin, it hears me. Enjoy the view!

[Wind_FURY]

Bitcoin back to $50,000. Should I say it? Bitcoin hears me, and might either keep going in the same direction, OR humble me again and prove me stupid? But shower thought, what if I say Bitcoin will "crash down" again to $30,000?

[JayJuanGee]

Bitcoin back to $50,000. Should I say it?

Say it.

 

[Wind_FURY]

Bitcoin back to $50,000. Should I say it?

Say it.

 

Because you will buy more of it?

LOOK! Merely thinking of saying it is making Bitcoin react in the way that I, and everyone else, do not like. It hears me, It reads my mind, I must not say it, or think of saying it.

[JayJuanGee]

Bitcoin back to $50,000. Should I say it?

Say it.

 

Because you will buy more of it?

Every once in a while I will find my cashflow to be a bit too much on the high side, so I will buy bitcoin with it, but really, I have not had any kind of regular BTC accumulation since about 2017 that goes beyond the systems that I have in place, which is buying on the way down and selling on the way up... so my system has been somewhat blind to any extra preferences that I have since the price has moved a lot (of UP) since early 2017 - even if we might consider the average price per BTC going from $1k-ish to $55k-ish... ... maybe we will get a tripling from here?  perhaps?  perhaps?  Anymore dips? perhaps?

LOOK! Merely thinking of saying it is making Bitcoin react in the way that I, and everyone else, do not like. It hears me, It reads my mind, I must not say it, or think of saying it.

Those of us who have been preparing for UP.. buy regular buying of BTC or buying on dips are not going to be feeling bad about BTC's current direction.. whether your thoughts (voodoo) have been contributing to such current price direction or not.

whether you say it or not? or whether you think it or not?

Short term is surely hard to know, even if many of us can appreciate that the trend is your friend.. and since late July we moved up from $29k-ish to $53k and then got a correction (probably a dip buying correction) down to $39k, and here we are returning to the $55k territories..

Not a bad place to be... had an opportunity to buy on the dip down to $39k, if anyone did it.