Buy the DIP, and HODL!

[Wind_FURY]

I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.

Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.

[Herbert2020]

I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.

Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.

watching for withdrawals isn't enough. they are withdrawing bitcoin from that address regularly. that is what an exchange cold storage is for! to store funds and then withdraw them when needed.
for example in the past 5 months they have withdrawn 62k bitcoin or ~$300 million
that is the same amount of bitcoin withdrawn in October 2018 alone (ie in one month)!

don't forget that we are half on the rise and half in accumulation phase where whales have been constantly buying bitcoin and cashing out to their cold storages.

[michellee]

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.

High risk = higher reward that's it. But don't expect if you bought during the dip, your money would grow immediately. That's not how bitcoin works, it is gradually moving forward with the increase that it is making for few months. Very encouraging that the market has been rewarding for those who are buying during the dip. As an investor, you buy and you hold until the market reaches your expected price. Don't rush if the market falls instead you buy it!

We can not really say that we can achieve immediately the profits. How can we know if it on the dip? Technical analysis could be helpful. But it does not work all the time. When we've thought we buy at dip, it decreases more. Good thing we can hodl those coins until it pumped.

Maybe we don't know when it's a dip, but we know when the price is down too deep

As long as you can catch the opportunity to see the lower price than before, then that will be another dip on the price so you can place an order buy. But that is not guaranteed to be a dip price because the price could go up or down later and no one knows about that. Don't worry if the price is down again after we buy because, in the end, the price will back to increase again.

[bitgolden]

I have read a certain post from a well-known cryptoer in social media that says "better to lose money in cryptocurrency (particularly bitcoin) than entrust them in banks", something like that. This simply signify the trust he has in cryptocurrency and it is true we must grab every opportunity during these low season so the same mistake that people did earlier will not be repeated again. Even myself is sorry for committing the same mistake in not taking advantage in the opportunity when bitcoin was only few cents dollar.

So many people here are sorry about this because I dint think we even have people that bought during that time on this forum again, it is this sorry state that makes so many people wish for bitcoin price to drop below a thousand dollars and would crest all manner of terrible news to make this happen.

I guess they have finally come to reality that bitcoin price has come to stay above $5000 and will never in its history ever look back to that price again as I can see that FUD news about Bitcoin has really reduced. So the sorry state is over, now is our own cent, because if BTC turns to 1 million dollars now, the price we buy now will be like a cent then.

[Wind_FURY]

I believe this rally is primarily driven by the Bitfinex whales who are buying "Bitcoin up" to quickly withdraw from the exchange.

Check this link, and watch out for large withdrawals, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

That's Bitfinex's cold wallet address. Once the withdrawals are done, then we might see another dip.

watching for withdrawals isn't enough. they are withdrawing bitcoin from that address regularly. that is what an exchange cold storage is for! to store funds and then withdraw them when needed.
for example in the past 5 months they have withdrawn 62k bitcoin or ~$300 million
that is the same amount of bitcoin withdrawn in October 2018 alone (ie in one month)!

I know it's debatable. Although the current amount held by that address is going lower and lower down than the amount on June - July, 2017.

don't forget that we are half on the rise and half in accumulation phase where whales have been constantly buying bitcoin and cashing out to their cold storages.

Don't forget that Bitfinex has its $850 million inaccessible that prompted their users to run for the exit.

[prtty2gal2]

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.

High risk = higher reward that's it. But don't expect if you bought during the dip, your money would grow immediately. That's not how bitcoin works, it is gradually moving forward with the increase that it is making for few months. Very encouraging that the market has been rewarding for those who are buying during the dip. As an investor, you buy and you hold until the market reaches your expected price. Don't rush if the market falls instead you buy it!

We can not really say that we can achieve immediately the profits. How can we know if it on the dip? Technical analysis could be helpful. But it does not work all the time. When we've thought we buy at dip, it decreases more. Good thing we can hodl those coins until it pumped.

I understand what you are saying vividly, sometimes, it gets very difficult to really determine if one has actually bought at dip, for me, I just allow my intuition play a little here,though many people will advise you never let your emotion get you in your trade, but in this scenario, I think it can play out a little, since I am not doing the proper trade, and no matter the mistake I make now, it will still not be a costly one since we are still very far from the main ATH.

After BTC crossed the barrier of $6000, I sold little of my coin,believing that we will still have a retest that will enable me buy at dip again, otherwise, one might just have to buy once and keep holding till the bull run starts.

[Wexlike]

There are no dips anymore on the menu.

[Ipwich]

There are no dips anymore on the menu.

Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump.
My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.

[EdenHazard]

Just deploring for those people who intend to buy bitcoin in the dip situation but he never bought it because for some reasons. But we can see them as a people who feel regret because has made a wrong decision. Maybe for everyone who buy bitcoin in January 2019 ago when bitcoin at the lower price and he bought it then now he has got 100% profit. Only need a several month for bitcoin to make its investor getting rich instantly, but it's just for its usur who believe bitcoin as whole and never made any regret statement when he felt a lost.

[Wind_FURY]

There are no dips anymore on the menu.

There will be after FOMO, and it's now going FOMO. I will give it 3 days more of green, long, parabolic candles before another dip.

Get ready.

[d1ceplayer]

There are no dips anymore on the menu.

Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump.
My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.

I guess we usually confuse this dip to bottom, bitcoin will never bottom again but there will always be dip. What is dip “dip is just the practice of purchasing an asset after there is a drop in price”, so it really doesn’t matter how big the decrease is before we can qualify it as dip. Dip is dip, even during this period that bitcoin is increasing, we have had several dip which smart people have quickly used to make profit.

Is that not why we have All time low and all-time high in coinmarket, have you ever seen both close at the same value for the past few weeks. So, people can still always make money by buying when at dip and sell when it reaches its all-time high for the day.

[Herbert2020]

There are no dips anymore on the menu.

a "dip" does not mean falling 80% so that you can buy!

a "dip" is an opportunity that exists at all times at all prices. it is a situation when price falls to a level that is considered lowest of that particular time. for example right now that price is rising and has reached $7300+ the "dip" is defined as the lower price that was reached AFTER that high price at $6800. so for example if you missed out on buying, you should have bought at that drop @$6800

[BlackPanda]

There are no dips anymore on the menu.

a "dip" does not mean falling 80% so that you can buy!

a "dip" is an opportunity that exists at all times at all prices. it is a situation when price falls to a level that is considered lowest of that particular time. for example right now that price is rising and has reached $7300+ the "dip" is defined as the lower price that was reached AFTER that high price at $6800. so for example if you missed out on buying, you should have bought at that drop @$6800

Actually this is a simple matter. As long as we can buy Bitcoin much cheaper than when we will sell it then it's a good opportunity. In my opinion this is an opportunity and we must be able to think well, very simple and we do not need to do various strategies. We only need to continuously monitor each price movement and then we make the right decision.

[2chase]

Buying cheap for now is a very correct strategy, although of course there are many exceptions to the rules when this rule does not work the way we want. In this case, the rule implies that you do not need to buy everything, you need to be very selective and carefully plan your investments. In order not to buy some kind of garbage that no one needs.

[Wind_FURY]

Does he feel vindicated today? Hahaha nocoiners.

For a Harvard "doctor" in economics, he sure does love to bash this generation's greatest technical, economic breakthrough, and achievment. I would expect more from a highly educated person.

[ApocalypseNow]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

I guess this is normal and that is the sentiment we always see whenever there's a huge surge of price in bitcoin. I'm always expecting that people would get angry at themselves when there is a bullrun. But buying the dip is kind of hard though. I have been wrong 3x thinking btc has reach the final bottom in 2018 but it still plunges to $3k instead.

[pushups44]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Yes, dollar-cost averaging is even better, because it means you are accumulating irrespective of price. Using this method worked out well for those holding long term, because they were buying while the market was at the bottom (low $3,000s). Meanwhile, those who were waiting for a $1,000 or under BTC may be FOMOing into the market now that the low price they expected is increasingly unlikely.

[South Park]

There are no dips anymore on the menu.

Indeed, dip is over, we are in the bull run now and what we will be seeing for the rest of the year is just good pump after good pump.
My target for this year is high, higher than the current price, so I advise to buy at the current price though it's not the dip anymore.

I am always surprised by the fact that people know very well what it is needed to be done to be profitable in this market and yet they do not do it, the price of bitcoin was very low for months and anyone that took the opportunity to buy it has doubled his money in just a few weeks, and what it is even better is that the movement is not over so some people could even triple their money and yet despite all the evidence in front of them many refuse to perform the necessary actions to make money in this market.

[rijaljun]

It's easy to say buy at dip. But in fact, it is hard to discover the dip. Sometimes we were right but took no action because we doubted that and ended in a regret. So it's better for us to learn anything, speculate it and simply Bitcoin at any price as it's never too late to join the party.

[STT]

Buy into the rise is more sensible, everyone is guessing when they try to describe the price.   Not that I discourage various charting and methods of prediction and they can add accuracy but nobody actually knows.   The safest thing Ive been told of is to buy into a series of regular rises, on this little time frame that works and on the larger time frame I think more work is needed still but Im a pessimist in general

no dips anymore

That'd be awful scenario.   Without a mix of buyers and sellers we get unstable price distribution, the only real safe way for price to build higher like skyscraper is gradually with foundations and much revision at each price.    So we have to go back at least some to check price on the way up