Tmoonz
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March 24, 2024, 06:34:49 AM Last edit: March 24, 2024, 07:39:10 AM by Tmoonz |
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For me, buying every dip doesn't feel like seizing an opportunity; it feels more like a setback. I respect others' views on Bitcoin's price, but as a short-term trader, it's not my preferred strategy. Instead, I look for specific conditions to buy during dips, especially in bounce play setups. These involve buying low and selling quickly after a price rebound, which suits my trading style better. I steer clear of trades against the trend because they're less likely to succeed.
You have gotten it all wrong in your perception about Bitcoin, Bitcoin is best performed when seen on the long term perspective, and this thread talks only about Bitcoin in terms of long term investment plan and not some fucking trading strategy. You have to reframe from it before you contradict the thread, hence there are better thread to talk about that, you can go to trading discussion board and explore your trading skills discussion there. Bitcoin is not a quick and get rich scheme that is one mistake alot of people are making seeing Bitcoin as a quick and get rich quick, buying low and selling quickly after a price rebound doesn't apply in Bitcoin as an investment rather you accumulate a sizeable Bitcoin over a long time and have the compounded value of your investment over time. There is so much risk associated with trading unlike investing, there are emotional devastation when it comes to trading when you buy low and the market keep dipping the more you will panic and probably sell at lost in other not to loss completely and that is more like gambling. Alot has already been discussed as regards to Bitcoin in terms of investment where various strategies of accumulation has been exhaustibly talked about, the dca strategy is where you buy Bitcoin with a fixed amount of money in a regular intervals irrespective of the price over a period of time and the lump sum that is buying in bulk, buying when there is a dip is an added advantage for a no or low coiner to accumulate more Bitcoin, there is nothing wrong buying at every dip that is if you have the finance, reason being that you can not determine the outcome of what will be the minimum dip so buying at every dip if you can is another way of seizing opportunity of buying more Bitcoin at a cheaper price. All this can be achieve with a proper financial planning by making provisions for your daily upkeep, emergency, reserved and float funds. Hodl is a watch word that is meant to encourage investor not to sell off their investment when they are in profits or not but to hodl for a longer period of time in other to have the compounded value of their investment over a period of time of about 5 to 10 years or more.it Is your choice to know what will work best for you, am waiting to receive any corrections if there is any in my expression.
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I_Anime
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March 24, 2024, 07:15:40 AM |
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For me, buying every dip doesn't feel like seizing an opportunity; it feels more like a setback. I respect others' views on Bitcoin's price, but as a short-term trader, it's not my preferred strategy. Instead, I look for specific conditions to buy during dips, especially in bounce play setups. These involve buying low and selling quickly after a price rebound, which suits my trading style better. I steer clear of trades against the trend because they're less likely to succeed.
at first this thread Is for long-term holding just as Tmoonz said, So there's other boards at there that can help you improve your trading skills and stuff but you can still stuck around if you wanna understand more about holding bitcoin for long-term. Well we long-term investors sees every dip as an golden opportunity to accumulate more quantity as the price is low. The truth is that I'm not against any short-terms trader expecially the ones that know what they are doing , before thinking of being a short-term investor am pretty. Sure you may be aware of the great risk attached to it . But I will advice that as you trade try as possible to have some Bitcoin for long-term holding in your portfolio, you can start accumulating now because long-term investment returns is far more better than that of short-term investments (depending on the number of Bitcoin you have stashed though) with some minimize risk and all that .
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laijsica
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March 24, 2024, 08:45:32 AM |
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For me, buying every dip doesn't feel like seizing an opportunity; it feels more like a setback. I respect others' views on Bitcoin's price, but as a short-term trader, it's not my preferred strategy. Instead, I look for specific conditions to buy during dips, especially in bounce play setups. These involve buying low and selling quickly after a price rebound, which suits my trading style better. I steer clear of trades against the trend because they're less likely to succeed.
Short-term traders like you have independent opinions and decisions about investing in business capital, I respect your independence. But are you getting the right valuation of your capital and remuneration from the market? In my opinion, definitely not, you are going out of the market with a small profit in a few days by investing more, this profit will be spent on buying cigarettes. At the end of the month, you may have to spend on your family from your capital. Basically short-term business decisions seem to be a mistake. In this case, the short-term trading can be launched side by side DCA strategy with more scrutiny. This will protect your financial security as well as capital.
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As-Soon-As
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March 24, 2024, 08:48:34 AM |
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Dollar Cost Averaging Bitcoin Buying $10 of Bitcoin every week for 3 years would have performed as follows. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F03%2F24%2FJphSv.jpeg&t=665&c=Q2hrPruzaX4LNg) How to use the BTC DCA tool How do I use this Bitcoin Investment Calculator? This Bitcoin investment calculator helps you explore different DCA parameters to see how your portfolio would have performed. This can help you identify the best strategies for your future investments in Bitcoin. Source Link: https://dcabtc.com/How do you calculate portfolio value? Starting from the specified start date we simulate making purchases on a recurring basis over the duration of the accumulation period. For each simulated purchase we reference the historical price of Bitcoin to know how many satoshis you would have acquired at that time.
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adultcrypto
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March 24, 2024, 08:53:48 AM |
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For me, buying every dip doesn't feel like seizing an opportunity; it feels more like a setback. I respect others' views on Bitcoin's price, but as a short-term trader, it's not my preferred strategy.
You are a short term trader yet you visited a thread titled "Buy the DIP, and HODL", if I may ask, what could you possibly be doing here? You have freedom to visit any thread though but joining the discussion on the basis that you want to make some adjustment to your approach in bitcoin by adopting this method, would have been just fine. But joining the discussion when you are not interested in HODLing and you probably just want to remain a short term trader, I think it is out of place. You contribution to the discussion will not add much value to anyone following the discussion because you stand for what this thread is trying to discourage. I think there are boards dedicated for trading where your comment can be better appreciated. Instead, I look for specific conditions to buy during dips, especially in bounce play setups. These involve buying low and selling quickly after a price rebound, which suits my trading style better. I steer clear of trades against the trend because they're less likely to succeed.
Before people take the wrong advise from you and start looking for complex strategy inside buying the dip, lets set the record straight. Buying the dup is simple and does not require too much refining because the essence of it is to buy at discounted price and hold for long time. When bitcoin reduced in price from about $73k to the lower $60k region, that is a dip to buy. Anywhere around the $60k area is a good entry point. Buying the dips works and it is not right to discourage people from doing what works and ask them to join trading that have higher risk.
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Tmoonz
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March 24, 2024, 09:20:42 AM |
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So far as life is concerned everyone needs to prepare their future on time and the best way is to learn a good investment practices that will stand as a relief at a time when we won't have the strength to work much again because that is what will smoothen our financial position in the near future and we should do away with the fear of failure and be very positive as well apply the best investment strategy that will enable us to become successful investors. Investments are attached with risks but the risks are minimal more especially when we invest in Bitcoin because you don't need to be disturbed about your investment as all you need do is just to keep your investment goals alive by accumulating more at every time there is a dip in the price of Bitcoin.
I've read some other comments in the thread and what your saying seems quite contradictory, I don't think the dip is the only time we should accumulate bitcoin since we are using the DCA method that involves buying at intervals and helps reduce the impact of market volatility on our portfolio, besides those who buy only at dips would miss out on all other times to buy. I think it's far better to buy eventide with DCA cause trying to time the market is the same as trading cause you might never buy If you keep on waiting for the dip especially as a new investors that needs to take more action than wait. You are right, if a hot news is printed, there can be many comments for and against it. In this way, the essence of this topic can be extracted, which is very helpful for investors, especially for beginners. Newbies who are interested in buying Bitcoin can easily invest in Dollar Cost Averaging (DCA) as I find Dollar Cost Averaging to be the safest. For holding you need to have a lot of money which may not be available to everyone, in this case dollar cost averaging(DCA) can be best for you. Many investors waste a lot of time buying dips, in this the time if they can buy bitcoin by dollar cost averaging (DCA) daily. Then dollar cost averaging (DCA) would be more profitable than buying the dips.There is so much uncertainty in the market hence waiting for the dip is a wrong approach, with your dca strategy you are always there in the market irrespective of the price. Buying the dip gives investors the golden opportunity of buying more Bitcoin with the same amount of money, you can be buying with your dca when price is high and buy wholesomely or lump sum buy when there is dip ,the combination of the both wouldn't be a bad idea. Moreso profitability should be discussed in terms of quantity of Bitcoin you have and not the strategies been used because I don't think is necessary comparing both strategies in terms of the one that is more profitable and the one that is not, rather what you should be your most concern is accumulating more of Bitcoin and your ability to hodl for a longer period of time.
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Cryptoprincess101
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March 24, 2024, 09:34:53 AM Last edit: March 24, 2024, 09:52:36 AM by Cryptoprincess101 |
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For me, buying every dip doesn't feel like seizing an opportunity; it feels more like a setback. I respect others' views on Bitcoin's price, but as a short-term trader, it's not my preferred strategy. Instead, I look for specific conditions to buy during dips, especially in bounce play setups. These involve buying low and selling quickly after a price rebound, which suits my trading style better. I steer clear of trades against the trend because they're less likely to succeed.
You are somehow complicating yourself because saying that buying at every dip doesn't feel like seizing an opportunity like I don't understand what you mean by that if actually you are a short term trader just like you claimed because ordinarily, traders buys at dip and sell as quick as possible when there is a rise in the market prices and this practice will make you so uncomfortable as every time you will get to monitor the movements in prices which will distract you from doing other things and the risks involved in trading is high as you can actually buy at a dip and it keeps dipping and you may be afraid of losing all your coin then you can decide to sell the left over which means you have already had a loss, and sometimes this changes happens most time and your mind will not be stable and at rest. Just want you to know that it may be your decision to keep trading but our focus on this thread is centered at how we can buy and hold our coins in the long run so that we can record a tangible profit and it makes us be at ease of our investments and you don't monitor the activities of the market again as all you need is to accumulate and wait for the best circle to sell, trading may be beneficial to some people but it is more or less a 50/50 chances of losing and gaining because it does not have a guarantee that you will make profits all the time. So far as life is concerned everyone needs to prepare their future on time and the best way is to learn a good investment practices that will stand as a relief at a time when we won't have the strength to work much again because that is what will smoothen our financial position in the near future and we should do away with the fear of failure and be very positive as well apply the best investment strategy that will enable us to become successful investors. Investments are attached with risks but the risks are minimal more especially when we invest in Bitcoin because you don't need to be disturbed about your investment as all you need do is just to keep your investment goals alive by accumulating more at every time there is a dip in the price of Bitcoin.
I've read some other comments in the thread and what your saying seems quite contradictory, I don't think the dip is the only time we should accumulate bitcoin since we are using the DCA method that involves buying at intervals and helps reduce the impact of market volatility on our portfolio, besides those who buy only at dips would miss out on all other times to buy. You didn't actually get my points correctly, I don't mean that we should wait for a dip before accumulating but I meant that we should accumulate more on a dip which means that even if we are using the DCA and at a time we experience an immense dipping that at that period of time one can possibly acquire more than the actual amount you use for DCA as this idea is also a good investment practice.
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arwin100
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March 24, 2024, 09:44:34 AM |
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So far as life is concerned everyone needs to prepare their future on time and the best way is to learn a good investment practices that will stand as a relief at a time when we won't have the strength to work much again because that is what will smoothen our financial position in the near future and we should do away with the fear of failure and be very positive as well apply the best investment strategy that will enable us to become successful investors. Investments are attached with risks but the risks are minimal more especially when we invest in Bitcoin because you don't need to be disturbed about your investment as all you need do is just to keep your investment goals alive by accumulating more at every time there is a dip in the price of Bitcoin.
I've read some other comments in the thread and what your saying seems quite contradictory, I don't think the dip is the only time we should accumulate bitcoin since we are using the DCA method that involves buying at intervals and helps reduce the impact of market volatility on our portfolio, besides those who buy only at dips would miss out on all other times to buy. I think it's far better to buy eventide with DCA cause trying to time the market is the same as trading cause you might never buy If you keep on waiting for the dip especially as a new investors that needs to take more action than wait. You are right, if a hot news is printed, there can be many comments for and against it. In this way, the essence of this topic can be extracted, which is very helpful for investors, especially for beginners. Newbies who are interested in buying Bitcoin can easily invest in Dollar Cost Averaging (DCA) as I find Dollar Cost Averaging to be the safest. For holding you need to have a lot of money which may not be available to everyone, in this case dollar cost averaging(DCA) can be best for you. Many investors waste a lot of time buying dips, in this the time if they can buy bitcoin by dollar cost averaging (DCA) daily. Then dollar cost averaging (DCA) would be more profitable than buying the dips.There is so much uncertainty in the market hence waiting for the dip is a wrong approach, with your dca strategy you are always there in the market irrespective of the price. Buying the dip gives investors the golden opportunity of buying more Bitcoin with the same amount of money, you can be buying with your dca when price is high and buy wholesomely or lump sum buy when there is dip ,the combination of the both wouldn't be a bad idea. Moreso profitability should be discussed in terms of quantity of Bitcoin you have and not the strategies been used because I don't think is necessary comparing both strategies in terms of the one that is more profitable and the one that is not, rather what you should be your most concern is accumulating more of Bitcoin and your ability to hodl for a longer period of time. If they are waiting for the dip then maybe they are not ready to hold since what they always think is the price when they accumulate and for sure that they will be bothered when seeing more dumps to happen and that can affect their decision making in future. If they are much serious upon their hodl plan/investment then maybe they should know what's more better if they do lump sum or DCA strategy since this will depends on their financial capacity. Although there's nothing wrong if they decide to do that but most likely if they always wait for the dump they might left behind for another time, then wait again for the dump which is not good attitude for a investor. Since they already got plans to hodl maybe its better for them to seek for more information to gain knowledge so that there belief on bitcoin would tighten up more.
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Sim_card
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March 24, 2024, 11:24:56 AM |
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So far as life is concerned everyone needs to prepare their future on time and the best way is to learn a good investment practices that will stand as a relief at a time when we won't have the strength to work much again because that is what will smoothen our financial position in the near future and we should do away with the fear of failure and be very positive as well apply the best investment strategy that will enable us to become successful investors. Investments are attached with risks but the risks are minimal more especially when we invest in Bitcoin because you don't need to be disturbed about your investment as all you need do is just to keep your investment goals alive by accumulating more at every time there is a dip in the price of Bitcoin.
I've read some other comments in the thread and what your saying seems quite contradictory, I don't think the dip is the only time we should accumulate bitcoin since we are using the DCA method that involves buying at intervals and helps reduce the impact of market volatility on our portfolio, besides those who buy only at dips would miss out on all other times to buy. I think it's far better to buy eventide with DCA cause trying to time the market is the same as trading cause you might never buy If you keep on waiting for the dip especially as a new investors that needs to take more action than wait. You are right, if a hot news is printed, there can be many comments for and against it. In this way, the essence of this topic can be extracted, which is very helpful for investors, especially for beginners. Newbies who are interested in buying Bitcoin can easily invest in Dollar Cost Averaging (DCA) as I find Dollar Cost Averaging to be the safest. For holding you need to have a lot of money which may not be available to everyone, in this case dollar cost averaging(DCA) can be best for you. Many investors waste a lot of time buying dips, in this the time if they can buy bitcoin by dollar cost averaging (DCA) daily. Then dollar cost averaging (DCA) would be more profitable than buying the dips.There is so much uncertainty in the market hence waiting for the dip is a wrong approach, with your dca strategy you are always there in the market irrespective of the price. Buying the dip gives investors the golden opportunity of buying more Bitcoin with the same amount of money, you can be buying with your dca when price is high and buy wholesomely or lump sum buy when there is dip ,the combination of the both wouldn't be a bad idea. Moreso profitability should be discussed in terms of quantity of Bitcoin you have and not the strategies been used because I don't think is necessary comparing both strategies in terms of the one that is more profitable and the one that is not, rather what you should be your most concern is accumulating more of Bitcoin and your ability to hodl for a longer period of time. If they are waiting for the dip then maybe they are not ready to hold since what they always think is the price when they accumulate and for sure that they will be bothered when seeing more dumps to happen and that can affect their decision making in future. It is not that they are not ready to hodli, any low coiner that is waiting for the dip is not ready to increase his bitcoin portfolio, and his bitcoin investment will be stagnant, which kills the idea of increasing your bitcoin investment portfolio. If a newbie that have not bought any bitcoin yet is waiting for a dip, I pity that person because he is not ready to invest yet, because the dip might not come when he is prepared for it, but it might come when he is unprepared, and he will miss out. This is why there is no need to wait for the dip, but rather continue buying and increasing your bitcoin portfolio with regular DCA, monthly or weekly. Delay is dangerous, and as you are waiting, you are not getting younger. Invest in bitcoin and hodli to secure your future, amd save your funds from depreciating as time goes on. Fiat and bitcoin is two opposite. As time passes by fiat depreciates in value while as time passes on bitcoin increases in value.
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Roseline492
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March 24, 2024, 12:34:43 PM |
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In the few halvings that I have seen or witnessed, most of the people who bought bitcoin buy it when the price of bitcoin is too expensive. This is the same type of person who rushes to buy bitcoin when it has taken off.
Yes, most people know to buy bitcoin on the dip, but in reality, that is not what most communities in this field do; only a small percentage of those who actually buy bitcoin do so. Even until now, for sure, 100k bitcoins will be bought by people who don't know anything about bitcoin. Right now, they will say Bitcoin, but when they see 100k per bitcoin, they will decide to buy it.
Nothing wrong with buying BTC at any price, especially if you do not have any BTC or you don't have enough, and also it helps if you have a 4-10 year or more investment time horizon and you are continuing to buy. if you are merely trying to make a quick turn around, then you might get into trouble.. so part of the more important issue might be concerning how long the buyer is planning to stay into bitcoin rather than if his entrance point might have been higher than he could have had gotten.. especially since if someone is brand new to bitcoin, then the only way that they can prepare for up is by having some bitcoin, and if they do not have any then they are not prepared for up. If you are suggesting to ONLY prepare for down by waiting, then it could be that the down possibilities are no longer available.. Do you know from here? Is this enough of a dip to buy or should the newbie to bitcoin or the low coiner wait for more dip? Of course you are right nothing is wrong buying Bitcoin at any price because with how potential Bitcoin is and how far the price could go in the future people will realize that nothing is wrong buying Bitcoin at any price so long as they are ready to hold for long, actually is unfortunate that most people do not realize how potential Bitcoin is that's why most of them feels that the best way to start investing on Bitcoin is only when the price drop. However the only people who should consider buying on the dip should only be those investors that has already accumulated a huge amount of Bitcoin on there portfolio and only waiting for an opportunity for Bitcoin to drop so that they could Lump sum, but just like you said a beginner who has not gotten any amount of Bitcoin in there portfolio should not dwell on the Bitcoin price to fall before they could start investing because they are not use to the ways of Bitcoin and there could be chances of them missing out.
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Barikui1
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March 24, 2024, 01:58:47 PM |
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So far as life is concerned everyone needs to prepare their future on time and the best way is to learn a good investment practices that will stand as a relief at a time when we won't have the strength to work much again because that is what will smoothen our financial position in the near future and we should do away with the fear of failure and be very positive as well apply the best investment strategy that will enable us to become successful investors. Investments are attached with risks but the risks are minimal more especially when we invest in Bitcoin because you don't need to be disturbed about your investment as all you need do is just to keep your investment goals alive by accumulating more at every time there is a dip in the price of Bitcoin.
I've read some other comments in the thread and what your saying seems quite contradictory, I don't think the dip is the only time we should accumulate bitcoin since we are using the DCA method that involves buying at intervals and helps reduce the impact of market volatility on our portfolio, besides those who buy only at dips would miss out on all other times to buy. I think it's far better to buy eventide with DCA cause trying to time the market is the same as trading cause you might never buy If you keep on waiting for the dip especially as a new investors that needs to take more action than wait. You are right, if a hot news is printed, there can be many comments for and against it. In this way, the essence of this topic can be extracted, which is very helpful for investors, especially for beginners. Newbies who are interested in buying Bitcoin can easily invest in Dollar Cost Averaging (DCA) as I find Dollar Cost Averaging to be the safest. For holding you need to have a lot of money which may not be available to everyone, in this case dollar cost averaging(DCA) can be best for you. Many investors waste a lot of time buying dips, in this the time if they can buy bitcoin by dollar cost averaging (DCA) daily. Then dollar cost averaging (DCA) would be more profitable than buying the dips.There is so much uncertainty in the market hence waiting for the dip is a wrong approach, with your dca strategy you are always there in the market irrespective of the price. Buying the dip gives investors the golden opportunity of buying more Bitcoin with the same amount of money, you can be buying with your dca when price is high and buy wholesomely or lump sum buy when there is dip ,the combination of the both wouldn't be a bad idea. Moreso profitability should be discussed in terms of quantity of Bitcoin you have and not the strategies been used because I don't think is necessary comparing both strategies in terms of the one that is more profitable and the one that is not, rather what you should be your most concern is accumulating more of Bitcoin and your ability to hodl for a longer period of time. If they are waiting for the dip then maybe they are not ready to hold since what they always think is the price when they accumulate and for sure that they will be bothered when seeing more dumps to happen and that can affect their decision making in future. It is not that they are not ready to hodli, any low coiner that is waiting for the dip is not ready to increase his bitcoin portfolio, and his bitcoin investment will be stagnant, which kills the idea of increasing your bitcoin investment portfolio. If a newbie that have not bought any bitcoin yet is waiting for a dip, I pity that person because he is not ready to invest yet, because the dip might not come when he is prepared for it, but it might come when he is unprepared, and he will miss out. This is why there is no need to wait for the dip, but rather continue buying and increasing your bitcoin portfolio with regular DCA, monthly or weekly. Delay is dangerous, and as you are waiting, you are not getting younger. Invest in bitcoin and hodli to secure your future, amd save your funds from depreciating as time goes on. Fiat and bitcoin is two opposite. As time passes by fiat depreciates in value while as time passes on bitcoin increases in value. This is actually what most investors have failed to understand, that most times the dip they might be waiting for may not come and it will make them to lose so many buying opportunities in the market, while with the DCA method, you can be buying Bitcoin bit by bit regardless of the price, and you can even buy the deeper most part of the deep if you decide to seize the opportunity by buying aggressively during that period, as long as it doesn't affect your emergency fund, and at the end of the day, you will definitely have more Bitcoin in your possession and you will be more profitable as long as you are a long term holder.
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I_Anime
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March 24, 2024, 02:00:33 PM |
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I've read some other comments in the thread and what your saying seems quite contradictory, I don't think the dip is the only time we should accumulate bitcoin since we are using the DCA method that involves buying at intervals and helps reduce the impact of market volatility on our portfolio, besides those who buy only at dips would miss out on all other times to buy. yeah you're right, when using DCA one should not be bothered with checking Market always when accumulating, because that is all system of using DCA we can't predict market movement to know the best time to buy , instead we use DCA to buy at any price interval either we buying when there's decrease or increase in price. But one is tend to be more aggressive (with his DCAing) when there's a dip in price after using he or her reserved funds to purchase the dip . To have more chances to have alot of quantities of Bitcoin stashed in their portfolio, depending on the individual financial capability. But this doesn't mean that one should always have the mindset of waiting for the dip before accumulating, so one can still be aggressive at any price depending on his plans and financial capability expecially those with the mindset of holding their Bitcoin for long-term investment. This is actually what most investors have failed to understand, that most times the dip they might be waiting for may not come and it will make them to lose so many buying opportunities in the market, while with the DCA method, you can be buying Bitcoin bit by bit regardless of the price, and you can even buy the deeper most part of the deep if you decide to seize the opportunity by buying aggressively during that period, as long as it doesn't affect your emergency fund, and at the end of the day, you will definitely have more Bitcoin in your possession and you will be more profitable as long as you are a long term holder that is the disadvantages of always waiting for the dip always reduce your chances of accumulating more quantity of bitcoin, most time those that are not financially stable, compare themselves to those who are financially stable ( those are wealthier) in accumulating bitcoin. Those that are financially stable can easily purchase large quantities of bitcoin with lump-summing whenever they have the opportunity to purchase the dip . While those who are not financially stable may not be able to purchase such quantities at once , but instead use DCAing consistently and the other methods of accumulating to accumulate more bitcoin. Without them using or having the mindset to tamper with their emergency funds.
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RewFrew
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March 24, 2024, 02:59:29 PM |
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I think dip has been passed. We saw Some days ago after US government approved Bitcoin ETF Bitcoin price Huge pumped. And we saw Bitcoins New ATH $73k, It was highest Value For Bitcoin in Bitcoins History. But Now Correction running i think Because near future Bitcoins Halving will happen we know. Ahter Bitcoins Halving Bitcoin Price will Pump again i think. Because Previous halving we saw this kinds of Situation. And we beleive thats will happen again. And when Bitcoin price pumpe then others coin and token also pump.
So i think Massive Bull session is coming near future. Now Bitcoin price is $64k and another coin and tokens price also low, I think who missed Big dip he can buy now in this dip. I think who will buy now in this dip He will be huge benifited in future Bull run.
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promise444c5
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March 24, 2024, 03:11:41 PM |
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I think dip has been passed. We saw Some days ago after US government approved Bitcoin ETF Bitcoin price Huge pumped. And we saw Bitcoins New ATH $73k, It was highest Value For Bitcoin in Bitcoins History. But Now Correction running i think Because near future Bitcoins Halving will happen we know. Ahter Bitcoins Halving Bitcoin Price will Pump again i think. Because Previous halving we saw this kinds of Situation. And we beleive thats will happen again. And when Bitcoin price pumpe then others coin and token also pump.
So i think Massive Bull session is coming near future. Now Bitcoin price is $64k and another coin and tokens price also low, I think who missed Big dip he can buy now in this dip. I think who will buy now in this dip He will be huge benifited in future Bull run.
Well, it's too early to have a bull run so we all know there will be some correction and so many dips but investors shouldn't be expecting dip just as it was some halvings back I think this halving will be quite different maybe a early bull run in months or weeks from now and might not be a year interval as its used to be, any chance for now should be utilised properly ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) as there might not be such chances again - KEEP HOLDING
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Ruttoshi
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Baba God Noni
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March 24, 2024, 03:22:59 PM |
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I think dip has been passed. We saw Some days ago after US government approved Bitcoin ETF Bitcoin price Huge pumped. And we saw Bitcoins New ATH $73k, It was highest Value For Bitcoin in Bitcoins History. But Now Correction running i think Because near future Bitcoins Halving will happen we know. Ahter Bitcoins Halving Bitcoin Price will Pump again i think. Because Previous halving we saw this kinds of Situation. And we beleive thats will happen again. And when Bitcoin price pumpe then others coin and token also pump.
So i think Massive Bull session is coming near future. Now Bitcoin price is $64k and another coin and tokens price also low, I think who missed Big dip he can buy now in this dip. I think who will buy now in this dip He will be huge benifited in future Bull run.
No one cares about other coins, because they are worthless and don't have the potential to generate good profit in the long run, because they might not survive in the market. Bitcoin is the king and our focus, because it is only bitcoin that one can hodli and at the same time increasing his bitcoin portfolio gradually and regularly till he reaches his bitcoin target or close to his bitcoin target. However, no one is encouraging anyone to buy now, so that he can sell in the upcoming bull run. We are advising and encouraging new investors to buy now using DCA regularly to increase their bitcoin portfolio without selling over a long period of time, so that it becomes an investment that they can count on in future.
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Salahmu
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March 24, 2024, 04:05:34 PM |
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For me, buying every dip doesn't feel like seizing an opportunity; it feels more like a setback. I respect others' views on Bitcoin's price, but as a short-term trader, it's not my preferred strategy. Instead, I look for specific conditions to buy during dips, especially in bounce play setups. These involve buying low and selling quickly after a price rebound, which suits my trading style better. I steer clear of trades against the trend because they're less likely to succeed.
As someone who is still new I would strongly advise you to change your Bitcoin investment narrative because in as much as you feel that you are taking advantage of every Bitcoin price drop to scout for profits could actually lead into losing your investment because what you are doing could be referred as gambling with your money, so it seems you don't understand the risk involved on what you are doing because if you do you wouldn't have mentioned buying and selling as your alternative, however this thread is mainly for buy the dip and hold and not for people who believe that trading is there only alternative, actually this is one of the reasons why most people fall a victim because of greed of possible profits they feel they could easily get and at the end they get in to trouble, however if a may ask what shall it profits you to get the little profits you feel you could get from the trading and at the end you lose everything?, so is not actually late for you to change your investment plan to holding because that's the only way.
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Moreno233
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March 24, 2024, 04:06:25 PM |
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There is so much uncertainty in the market hence waiting for the dip is a wrong approach, with your dca strategy you are always there in the market irrespective of the price. Buying the dip gives investors the golden opportunity of buying more Bitcoin with the same amount of money, you can be buying with your dca when price is high and buy wholesomely or lump sum buy when there is dip ,the combination of the both wouldn't be a bad idea. Moreso profitability should be discussed in terms of quantity of Bitcoin you have and not the strategies been used because I don't think is necessary comparing both strategies in terms of the one that is more profitable and the one that is not, rather what you should be your most concern is accumulating more of Bitcoin and your ability to hodl for a longer period of time.
If they are waiting for the dip then maybe they are not ready to hold since what they always think is the price when they accumulate and for sure that they will be bothered when seeing more dumps to happen and that can affect their decision making in future. It is not that they are not ready to hodli, any low coiner that is waiting for the dip is not ready to increase his bitcoin portfolio, and his bitcoin investment will be stagnant, which kills the idea of increasing your bitcoin investment portfolio. If a newbie that have not bought any bitcoin yet is waiting for a dip, I pity that person because he is not ready to invest yet, because the dip might not come when he is prepared for it, but it might come when he is unprepared, and he will miss out. This is why there is no need to wait for the dip, but rather continue buying and increasing your bitcoin portfolio with regular DCA, monthly or weekly. Delay is dangerous, and as you are waiting, you are not getting younger. Invest in bitcoin and hodli to secure your future, amd save your funds from depreciating as time goes on. Fiat and bitcoin is two opposite. As time passes by fiat depreciates in value while as time passes on bitcoin increases in value. I agree with you that newbies who with just a little portfolio yet waiting for the dips to buy is probably not serious yet or probably undecided regarding starting building the Bitcoin portfolio. Instead of waiting for dips, they can starting accumulating bitcoin through the DCA method and when they have extra money they can buy when there is a dip in the market. This way they will be able to aggressively build their portfolio in a manner that the growth will be meaningful and decisive. Investment in Bitcoin does not require so much dragging of legs, the moment you get the information and is convinced it is worth investing on, the reasonable thing to do is to start immediately when available resources and then grow on the process. As long as the newbie investor is able to figure out his finances and established a cashflow system such that some of the finances can be allocated to Bitcoin, then it is a reasonable thing to start at once without entertaining so much procrastination, which I know is affecting many people in their Bitcoin investment.
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Dorkylickjj
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March 24, 2024, 04:19:48 PM Merited by JayJuanGee (1) |
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You can call it whatever you like, but I am not going to call buying on dip lump sum since in my mind those are different categories, even though I can see how people might convolute them merely because they are choosing to buy extra on the dips that are higher than their regular DCA.. but I still think that fails to recognize and appreciate the concept of the lump sum that buys right now.
I already gave the example in my earlier post of a guy who had suddenly received $6k, and I think that I explained that sufficiently well, but let me mix it up a little bit.
Let's say that the person is absolutely brand new to bitcoin, and he knows that he can invest $100 per week for the next 6 months from his salary (his discretionary income / his cashflow), and so that would be $2,600 that he is already planning to invest into bitcoin. And so then he has $6k also that he can move from some other investment or maybe it is an extra amount that was in his cash reserves.., so with that $6k and the $2,600, that means that he has a total of $8,600 that he could invest over the next 6 months. He can divide it however he likes, except $2,600 is currently not available because that is going to be flowing to him in the next 6 months at a rate of $100 per week. So he could lump sum invest anywhere between $0 and $6k, but then if he puts the whole $6k into the investment, then he has no money for buying on dips - except for the $100 per week that he expects to come in for the next 6 months, and that is a choice that he could change if he thinks that it would be good to set a bit aside for possibly buying on dips.. beyond the mere $100 per week that he has.
He could invest $4k right away and then just save $2k for buying on dips.. and instead of having 1 or 2 buys at some various price points, he could instead have 20 buy orders of $100 each all the way down to $40k.. and maybe they are $1,200 apart with the first one being at $63k and the next one at $61.8k and the next one at $60.6k and then next one at $59.4k etc etc etc... or he could have 4 buy orders of $500 each at various points on the way down.. so then he runs the risk that the buy on dip orders will not fill... so there is no guarantee that any of them will fill and that is the trade off that he has to make when he chooses the difference between how much he is going to buy right now with his lump sum amount or how much he is going to allocate for buying on the dips versus DCA.. and maybe he just wants to add to his DCAs and so that is another way of dealing with the extra money that he has available and either of those cases in which he holds back lump sum buying right now, are preparing him for down but they do not prepare him as much for up, and those are trade offs that guys have to consider and decide, since more down might not happen from here... but then if down does happen, does the guy want to have more funds than his DCA amount or is he o.k. with taking his chances and just lump summing all or most of the amount that he has available right at or around current prices. and there is no exact correct answer except that the guy should consider each of the three categories when it comes to funds that he has available to him..
Even with the regular cash coming in, the guy does not have to DCA right away with it, he can hold back some or all of it for buying on dips, or maybe having options to later lump sum the saved up amount if dips may or may not end up coming.
From your explanation I've begin to grasp the meaning of lump sum quite well and how I can use it, from your explanation a guy has a weekly investment of 100$ per week for the next six months of his salary which is about 2600$ and then an extra income that or amount that he could also use to invest about 6k as you said, if the person wanted to lump sum, he would be investing or buying immediately with that amount irrespective of the market condition, I've also seen from some of your older Comment when someone that maybe is just starting out his investment and feels that he is too far away or starting late might just want to start with a little bit of aggression by front loading his investment with a lump sum buy and then continue his normal weekly DCA. Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean.
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SOKO-DEKE
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March 24, 2024, 04:33:07 PM |
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I think dip has been passed. We saw Some days ago after US government approved Bitcoin ETF Bitcoin price Huge pumped. And we saw Bitcoins New ATH $73k, It was highest Value For Bitcoin in Bitcoins History. But Now Correction running i think Because near future Bitcoins Halving will happen we know. Ahter Bitcoins Halving Bitcoin Price will Pump again i think. Because Previous halving we saw this kinds of Situation. And we beleive thats will happen again. And when Bitcoin price pumpe then others coin and token also pump.
So i think Massive Bull session is coming near future. Now Bitcoin price is $64k and another coin and tokens price also low, I think who missed Big dip he can buy now in this dip. I think who will buy now in this dip He will be huge benifited in future Bull run.
At this moment, I don't expect anyone to be thinking about buying alternative coins rather than Bitcoin because they don't have their own direction but always follow the Bitcoin market direction, which shows that all these altcoins are just pumping and dumping coins; if not, why will those coins be fully depends on the direction of Bitcoin. If the market prices of coins are determined by demand, I don't expect those altcoins prices to go down instantly when Bitcoin is down; I believe they are people behind those altcoins pumping and dumping them. So my advice for anyone who wants to invest is to just focus on bitcoin, and I believe that is what can give them rest of mind.
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I_Anime
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March 24, 2024, 05:27:16 PM |
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Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean
yeah lump-sum payment is complete opposite of DCA, you aware that DCA is the purchasing set amounts of Bitcoin at regular intervals, whether the price is high or low. While lump-summing is the act of going all in at once, just as you just said about the $3000 and all that. Most people that are financially stable may use lump-summing to start their investment to have some good head start in their accumulation without it affecting their regular life style or tampering with their investment. But if an individual who's not financially stable start his accumulation using lump-summing without any proper planning he or she may endup using the funds that are being meant for their emergency (which known emergency funds) in order to execute a nice lump-sum purchase. So such individual won't be able to sustain his self without any emergency funds which may lead to he or she tampering with their investment , and won't be able to execute his long-term plans, selling their investment in an premature state. That is always advisable to invest according to your financial capability, by starting their investment with some nice DCA strategies, so that they can set a proper plan for their investment.
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