Buy Bitcoin, and HODL!

[STT]

Thats presuming the dips will always be in a sequence where each low is higher then the last.    We then have to consider on what time frame is that low.   The easiest observation for should you buy into the 'lows' is to watch the direction of the 50 day and 200 day moving averages.  
   Right now both of these measures are positive which would seem to indicate, whatever your particular reasoning if you do come to the conclusion of buying you wont be wrong overall.    However I've made a point of noticing price is now going sideways, eventually this will kick into the 50 day average and lead to more negative sentiment as the lows could begin to be lower then the last each time.

Its hard to watch and know the point the tide turns, I think thats the smartest strategy since its never the same each time we have to just continually measure the shore line and whether the waves move up or down on each iteration.

So right now my rough observation is to note July 15th was the last time we reached this regular channel of the rising price.   We've been far less positive after leaving the channel upwards, the price on leaving was $10,700 roughly and almost 3 weeks later we are very similarly in the same place.  
   Price does feel positive this weekend but I'm watching this bigger frame of reference to see if BTC needs to pull back further on the medium term; all this must go into qualifying OP strategy of buy every dip.  I will follow this advice when I see higher lows in a better pattern hopefully.

[Wind_FURY]

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

This has been the first word I remember my mentor told me,to Buy the Dip and HODL until to reached the certain amount you wanted to hit from your investments
No one is losing by holding legitimate currencies like bitcoin and other top cryptocurrency

But no matter what prices brings us,just be thankful and never get rush on profiting

No, this is the beautiful part, there is no "profiting". You "profiting" by constantly converting your spare fiat to Bitcoin without converting them back!

[justdimin]

The only risk I can see and say was a mistake is when someone buys a coin at peak, and even with that, the money in never lost. Any investment in bitcoin is very safe. In as much as we have whales manipulating the market, we still have presence of strong investors too that knows how to drive the market forwarded, and no matter the time you buy bitcoin, it will still always be worth it future.

I am sure many people that see bitcoin as risky investment are those that invested in 2017 at peak price, but if you look at the rate at which the bitcoin technology is growing, they will see that their decision was still never a mistake or risky, they only got delayed a bit out of their timing mistake. The only risk that I see is when you trade on margin and that is the personal risk of such trader and not bitcoin generally.

[Wind_FURY]

Hahaha! Bitcoin cores? I was told he has been in Bitcoin and altcoins since 2013. The learning curve must be too high for this "influencer".

Don't follow him, don't listen to him, don't be like him.

https://twitter.com/heytaizen/status/1142283401824653313

I converted all my bitcoin cores to bch n bsv at beginning of year so I currently don't have any bitcoin cores but CONGRATS to everyone who chose to hold bitcoin cores during this beautiful run!

[Wind_FURY]

These words are straight from Roger Ver himself, caught on video!

I believe we all agree? Buy the dip, and SAVE, not spend.

https://twitter.com/roryhighside/status/1151353188680732673

The reason Bitcoin has value is because of the people who save it, not the people who spend it. It's the savers that give Bitcoin value, not the spenders.

[exstasie]

These words are straight from Roger Ver himself, caught on video!

I believe we all agree? Buy the dip, and SAVE, not spend.

https://twitter.com/roryhighside/status/1151353188680732673

The reason Bitcoin has value is because of the people who save it, not the people who spend it. It's the savers that give Bitcoin value, not the spenders.

Not sure I agree. It's a symbiotic relationship. If no one spent BTC, it would have no value at all. Zero liquidity would make Bitcoin completely useless, just like it was when Satoshi first launched it and there was no one to transact with.

Otherwise sure, hoarding the supply causes price to increase. It doesn't take a genius to figure that out.

[stadus]

These words are straight from Roger Ver himself, caught on video!

I believe we all agree? Buy the dip, and SAVE, not spend.

https://twitter.com/roryhighside/status/1151353188680732673

The reason Bitcoin has value is because of the people who save it, not the people who spend it. It's the savers that give Bitcoin value, not the spenders.

Why save? Not everyone can do that, most of us look for the best timing to sell that is why we are also looking for the best timing to buy.
When I plan of saving, meaning that's a long term hold, I don't need to choose any timing as I believe BTC will grow many folds in the future.
Long term and short term is done with different approach for me.

[Bekuciwu9]

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

But what if there are new dip all the time, or "dipper" dip?

I am personally using dollar cost average technique, buying BTC once a month, always on the same date after i get my salary.I am doing that since late November, and with current prices i am at  decent profit.That way i worry less abut the current short term price and focus on long term, less stress for me.

[Wind_FURY]

These words are straight from Roger Ver himself, caught on video!

I believe we all agree? Buy the dip, and SAVE, not spend.

https://twitter.com/roryhighside/status/1151353188680732673

The reason Bitcoin has value is because of the people who save it, not the people who spend it. It's the savers that give Bitcoin value, not the spenders.

Not sure I agree. It's a symbiotic relationship. If no one spent BTC, it would have no value at all. Zero liquidity would make Bitcoin completely useless, just like it was when Satoshi first launched it and there was no one to transact with.

Otherwise sure, hoarding the supply causes price to increase. It doesn't take a genius to figure that out.

I believe you and stadus didn't get the irony of his comment, and why that it's funny.

There's not a funny way to explain it, but Roger has been promoting "his Bitcoin" as a medium of exchange, or "cash", not as a store of value.

[Wind_FURY]

Don't listen to trolls. Bitcoin is 8 months away from the next halving, and there wasn't a "bear market" this long away from each of it. I might be wrong, but probability is in favor of "no bear market".

Buy the dip, and HODL.

[RealMalatesta]

I fully agree that these dips are great prices, every halving comes with increasing costs to mining which means the price of bitcoin will go up because the sellers (who are miners that mine over 2000 bitcoins every single day) will be selling for a lot more and that will create a lack of bitcoin at these prices and that is why price will go up.

Halving is the key here that people are forgetting, price could go low right it doesn't matter, you can buy as much as you can right now and if it goes down than buy some more, the more it drops the more you should buy because right now we are on the verge of a huge increase in cost of bitcoin and that is equal to bitcoin price going up. There is no way we are wrong on this, mathematically impossible because we all know what will happen and we should all buy right now.

[STT]

Hahaha! Bitcoin cores? I was told he has been in Bitcoin and altcoins since 2013. The learning curve must be too high for this "influencer".

I converted all my bitcoin cores to bch n bsv at beginning of year so I currently don't have any bitcoin cores but CONGRATS to everyone who chose to hold bitcoin cores during this beautiful run!

Thing is he runs an index, so why is he sliding all of his holdings away from the main blockchain as if thats a sensible thing to do.    He could have held many varied holdings and done better because none of us can know for sure what direction markets will be taking now and in the future

Co-Creator of the TaiFu™ 30 Cryptocurrency Market Index at http://TaiFuIndexes

Bitcoin is 8 months away from the next halving

Do we really think Bitcoin is going to rise for the last 8 months and also 8 months going forward in a continuous way.    I'm not this optimistic, seems a little simple to imagine we just rise upto that event.   I understand its helping reduce supply vs demand still growing, a positive for price most likely (long term but certainly not instantly) but also I believe it could easily be over anticipated.  
    In a market with many speculators and actual user growth and development to facilitate this still much required I think we can get ahead of ourselves.    

[Wind_FURY]

Hahaha! Bitcoin cores? I was told he has been in Bitcoin and altcoins since 2013. The learning curve must be too high for this "influencer".

I converted all my bitcoin cores to bch n bsv at beginning of year so I currently don't have any bitcoin cores but CONGRATS to everyone who chose to hold bitcoin cores during this beautiful run!

Thing is he runs an index, so why is he sliding all of his holdings away from the main blockchain as if thats a sensible thing to do.    He could have held many varied holdings and done better because none of us can know for sure what direction markets will be taking now and in the future

Co-Creator of the TaiFu™ 30 Cryptocurrency Market Index at http://TaiFuIndexes

Bitcoin is 8 months away from the next halving

Do we really think Bitcoin is going to rise for the last 8 months and also 8 months going forward in a continuous way.    I'm not this optimistic, seems a little simple to imagine we just rise upto that event.   I understand its helping reduce supply vs demand still growing, a positive for price most likely (long term but certainly not instantly) but also I believe it could easily be over anticipated.  
    In a market with many speculators and actual user growth and development to facilitate this still much required I think we can get ahead of ourselves.  
  

Maybe not in a continuous way, but past movements point to a probability that there's no bear market this far behind from the next halving.

[Faxmate]

I fully agree that these dips are great prices, every halving comes with increasing costs to mining which means the price of bitcoin will go up because the sellers (who are miners that mine over 2000 bitcoins every single day) will be selling for a lot more and that will create a lack of bitcoin at these prices and that is why price will go up.

Halving is the key here that people are forgetting, price could go low right it doesn't matter, you can buy as much as you can right now and if it goes down than buy some more, the more it drops the more you should buy because right now we are on the verge of a huge increase in cost of bitcoin and that is equal to bitcoin price going up. There is no way we are wrong on this, mathematically impossible because we all know what will happen and we should all buy right now.

All these are opportunity for us to buy some co ins at such low price. Dip gives chance to the investor to invest small but after holding your coins for few years I am sure your investment will rise more than double. Dip is like chance to store your money and take it out to be double. That’s why I always keep investing at Dip.

[pooya87]

~
Do we really think Bitcoin is going to rise for the last 8 months and also 8 months going forward in a continuous way.    I'm not this optimistic, seems a little simple to imagine we just rise upto that event.   I understand its helping reduce supply vs demand still growing, a positive for price most likely (long term but certainly not instantly) but also I believe it could easily be over anticipated.   
    In a market with many speculators and actual user growth and development to facilitate this still much required I think we can get ahead of ourselves.   

we will see more rises up until next halving but not because of halving. the rises will be for the same reasons as always: more adoption. and as that grows, price goes up with it. and it is growing, specially as the market calms and ever since it exited the bubble stages and reached a more meaningful state.
the halving hype and its rise will probably take place only in the final month as we are getting close to the event itself, a rise which will be fast and won't last.

[davinchi]

I think it wil take a bit more to actually hit bottom, right now we are not at the bottom if you ask me. It may go up from here I am not arguing against that, we may hit again 13k+ one more time and if you want to buy it than go ahead and do it but that doesn't mean we will definitely just keep going up, it will definitely go down and that is why I honestly think it is not worth buying right now with plans for year long holding.

If you want to do day trading and get a quick profit you can try your hand (no guarantees) but I feel like waiting for an increase and than the next dump where price goes even lower would be a better price to buy. After that I feel like its turn to go up really high, not like 20k but at least 12k which is why I will wait for an increase than decrease to buy next time.

[STT]

when you buy the dip but it dips even more losing your investments so maybe buying the dip is applicable for Bitcoin only but not with the Altcoins.

   From the ground view its hard to tell whats going on overall and if its a buying opportunity or not.   Some still think alt coins can come back and have a place in the market and some believe they never should have existed, a form of digital heresy.
   Buy the Dip is extremely valid advice however its a shortened phrase thats lost its qualifier.   Apparently this is a common thing to happen and sometimes advice is reverse of what commonly society has come to understand from that phrase.      However in this case we can still see the logic is fairly plain that buying into a dip even at a 'bad price' is ok so long as the product itself is valid.  Or in other words you get a bad price or risk a bad price but this still remains a reasonable hold within a larger greater overall bull market on the long term time frame over years.


https://www.investopedia.com/terms/b/buy-the-dips.asp

[EdenHazard]

I think it wil take a bit more to actually hit bottom, right now we are not at the bottom if you ask me. It may go up from here I am not arguing against that, we may hit again 13k+ one more time and if you want to buy it than go ahead and do it but that doesn't mean we will definitely just keep going up, it will definitely go down and that is why I honestly think it is not worth buying right now with plans for year long holding.

If you want to do day trading and get a quick profit you can try your hand (no guarantees) but I feel like waiting for an increase and than the next dump where price goes even lower would be a better price to buy. After that I feel like its turn to go up really high, not like 20k but at least 12k which is why I will wait for an increase than decrease to buy next time.

There's nothing to do but keep buying in every occasions to get your dip , as you might will find that rising period longer than the down to dip ... indeed you need to be patient at this stage.

The more dip order executed , the more profit doubled or even quadrupled once it's begin rising... that's the beauty of buying the dips!

[diazepam666]

I think it wil take a bit more to actually hit bottom, right now we are not at the bottom if you ask me. It may go up from here I am not arguing against that, we may hit again 13k+ one more time and if you want to buy it than go ahead and do it but that doesn't mean we will definitely just keep going up, it will definitely go down and that is why I honestly think it is not worth buying right now with plans for year long holding.

If you want to do day trading and get a quick profit you can try your hand (no guarantees) but I feel like waiting for an increase and than the next dump where price goes even lower would be a better price to buy. After that I feel like its turn to go up really high, not like 20k but at least 12k which is why I will wait for an increase than decrease to buy next time.

There's nothing to do but keep buying in every occasions to get your dip , as you might will find that rising period longer than the down to dip ... indeed you need to be patient at this stage.

The more dip order executed , the more profit doubled or even quadrupled once it's begin rising... that's the beauty of buying the dips!

In reality peoples are panic in that stage, so once it is  down automatically people are move to some other platform. I think day traders only active in all the stage and some peoples are brilliantly plan the future earning. This year everyone saw the good growing on crypto market so all are willing to participate on upcoming days.

[EdenHazard]

I think it wil take a bit more to actually hit bottom, right now we are not at the bottom if you ask me. It may go up from here I am not arguing against that, we may hit again 13k+ one more time and if you want to buy it than go ahead and do it but that doesn't mean we will definitely just keep going up, it will definitely go down and that is why I honestly think it is not worth buying right now with plans for year long holding.

If you want to do day trading and get a quick profit you can try your hand (no guarantees) but I feel like waiting for an increase and than the next dump where price goes even lower would be a better price to buy. After that I feel like its turn to go up really high, not like 20k but at least 12k which is why I will wait for an increase than decrease to buy next time.

There's nothing to do but keep buying in every occasions to get your dip , as you might will find that rising period longer than the down to dip ... indeed you need to be patient at this stage.

The more dip order executed , the more profit doubled or even quadrupled once it's begin rising... that's the beauty of buying the dips!

In reality peoples are panic in that stage, so once it is  down automatically people are move to some other platform. I think day traders only active in all the stage and some peoples are brilliantly plan the future earning. This year everyone saw the good growing on crypto market so all are willing to participate on upcoming days.

Naaah , that's why you need a good money management... so you won't get busted early or get panicked to sell it immediately.

As this kind trading strategy requires a really patient attitude... trading against the market trends always quite challenging and triggering adrenaline, just make sure you are using the money that you can afford to lose here

Otherwise this "buy every dip" would ended up with a huge loss and extremely frustrating.