Buy the DIP, and HODL!

[Herbert2020]

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

[Yamifoud]

I've been using this strategy since I started trading many months ago. Since it is difficult when to start buying during the dip, I often use technical analysis first to determine the right price to enter or buy. Fundamental analysis can also help because any positive development about the coin you want to will reflect on its price soon. So if you buy every dip, be sure to analyze it first using indicators and price action.

True because its easy to say buy the dip but without studying we cannot do it at the right timing.
Bitcoin has clearly bottomed and I think that moment was the best moment to enter into the market, you can easily sold it for a profit
and that is even short term as BTC now is getting more bullish.

Thus we have to make the right decision and we should analyze the market first before buying. Cause not all dips give us chances to gain but it sometime it get worst especially to those less potential coins. Mostly we took advantage during bear season but somehow we also be a victim, and instead we want profit but we ended up into losing cause we that wrong timing.

[Wind_FURY]

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

[Altcoins enthusiast]

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

That is truth,  the average traders here are very few and almost all of us are holders . I am an enthusiast and I do buy altcoins and holds for long-term and the little dipping along the way don't affect me much.

[goaldigger]

This is how cryptocurrency works for the holders and its a hundred percen profitable if you have a long long long patient. Dip doesnt come everyday and a cycle usually comes from 2 to 4 years. If you know its already reached its peak, you should buy some and sell it on a higher price after.

[Herbert2020]

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

if you hold less you are not taking more risks, you are missing opportunities and it is a different thing. not to mention that the more you invest the higher risk you will be taking no matter what the price is going to be in the future. bitcoin is still new and very volatile and there are still tons of ways that people can lose their bitcoins from losing the private keys to faulty wallets.

[bitbunnny]

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

if you hold less you are not taking more risks, you are missing opportunities and it is a different thing. not to mention that the more you invest the higher risk you will be taking no matter what the price is going to be in the future. bitcoin is still new and very volatile and there are still tons of ways that people can lose their bitcoins from losing the private keys to faulty wallets.

You know how they say, no.risk no profit. I agree that by holding Bitcoin in long term you play safe but by not being active on the market you lose a lot of good opportunities for better profit. Still everyone has the different risk appetite and how much could afford to lose so everyone should decide for himself.
Anyway, I agree that every change of price should be used for creating more opportunities for future profit.

[upsidedown75]

its easy to say buy the dip but without studying we cannot do it at the right timing.
Bitcoin has clearly bottomed and I think that moment was the best moment to enter into the market, you can easily sold it for a profit
and that is even short term as BTC now is getting more bullish.

Thus we have to make the right decision and we should analyze the market first before buying. Cause not all dips give us chances to gain but it sometime it get worst especially to those less potential coins. Mostly we took advantage during bear season but somehow we also be a victim, and instead we want profit but we ended up into losing cause we that wrong timing.

Not all dips are favorable, if we are to follow OP advises to buy every dip, that should be when the market is on the bull run, and even in buying dip at bull run, we have to be careful not to rush into things, that was the mistake some investors made during the last bull run, they thought that BTC will continue on the bull run without a break.

The entry point they thought was the dip was in fact the peak, and after rushing to buy, we can see what followed after then. Buying dip is good but we cannot continue to buy every dip, the best is to buy enough when the market is in bear and wait till it increases to the peak no matter how many dips we see through fluctuations of prices.

[Wind_FURY]

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

if you hold less you are not taking more risks, you are missing opportunities and it is a different thing. not to mention that the more you invest the higher risk you will be taking no matter what the price is going to be in the future. bitcoin is still new and very volatile and there are still tons of ways that people can lose their bitcoins from losing the private keys to faulty wallets.

Then what do you value more as a good store of value? Fiat or Bitcoin? I am not here to make some money. I honestly was, but it all changed the more I learned about Bitcoin. I'm here for the "big one", I'm here for the revolution.

[Herbert2020]

But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?

I believe trading is risking HODLING LESS when, HyperBitcoinization.

the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.

But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits.

if you hold less you are not taking more risks, you are missing opportunities and it is a different thing. not to mention that the more you invest the higher risk you will be taking no matter what the price is going to be in the future. bitcoin is still new and very volatile and there are still tons of ways that people can lose their bitcoins from losing the private keys to faulty wallets.

Then what do you value more as a good store of value? Fiat or Bitcoin? I am not here to make some money. I honestly was, but it all changed the more I learned about Bitcoin. I'm here for the "big one", I'm here for the revolution.

i prefer a diversification of assets as my "store of value" approach (eg. gold+bitcoin+stocks+investing in businesses+sometimes even real estate).
fiat is for day to day usage as we rely on it fully still.
bitcoin is for a decentralized currency (so i can use it however i want with a great privacy) and an investment that gives me a very good profit but with a higher risk than usual.

[Wind_FURY]

Gold - hard to store, not your vault, not your gold.
Stocks - as risky as Bitcoin, maybe more in some cases.
Real estate - this might be THE best asset, but harder to sell than Bitcoin. Your equity is "trapped", almost.

Bitcoin - a hedge to the current financial system, not HODLING is a lost opportunity.

[Ucy]

Buy the dips and hold if you can.  Not suitable for everyone though.
 You could also day trade by buying every dip and selling each time the price climbs back up. You could even day trade on one account and use the other one for holding.

[mirakal]

Buy the dips and hold if you can.  Not suitable for everyone though.

True because everyone can hold that long, some just want to invest and expect a profit in a short period of time.

You could also day trade by buying every dip and selling each time the price climbs back up. You could even day trade on one account and use the other one for holding.

Day trade is effective to those who have the skills, making money in trading is easy if you have the skills and you don't have to hold and wait longer.
I believe though there is an opportunity for us to make money in day trading, but only few can do it successfully.

[Adriano2010]

Indeed buy the dip can be a good option and can help over time, and i think bitcoin will have a good price before next year halving, so i think the best option is to try to accumulate as much as you can.

[Wind_FURY]

Bart Pattern completion incoming. Plus all the FUD are coming out. China ban on mining, the Bitfinex FUD, the India ban FUD.

The whalecumulators already have it set.

[Barbut]

Who can afford to buy every dip? The ones who sold on top! If you are trader you should know this things. I`m holding bitcoins for a longterm, I will sell on some top, my goal is sure not under $10k. Price will make swings, but I dont wish to gamble with my bitcoins in that way, shorting can be a losers game if you dont have good timing. I`m bullish in longterm, on bitcoin and some other coins, I will try to have something more for the next big run.

[normanderecho]

Well, Its nice practice this activity but, the problem is money. If  I could only have funds to sustain on every dip or drop of bitcoin I will buy it. I believe bullrun will appear soon, since we cannot the precise prediction all we have to do is hold. And be patience by holding by every asset that you believe to rise in the future, particularly in bitcoin.

[omonuyak]

Indeed buy the dip can be a good option and can help over time, and i think bitcoin will have a good price before next year halving, so i think the best option is to try to accumulate as much as you can.

That is truth and now that the market is down it is very important we buy now that some traders are taking profits and have push bitcoin down a bit.  If you buy the dip and sell the pump there is no way you will not make profits.

[cryptjh]

Buying the dips are always great advise, but you can't see if it really was a dip before a few weeks or often months after, so I better like the cost averages entry when I buy bitcoins, I think its better to buy each month, if the price is lower one months then buy a little more, if the price is much higher next month then buy for less money or skip that month.

[nik009]

We are still in a bear market so follow an old rule: risk only what you can afford to lose. Buying the dips = a higher expected return = more risk.