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Author Topic: Ignore the dip and Invest in Bitcoin for long term  (Read 2393 times)
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June 28, 2022, 04:32:32 AM
 #41

Dip can be taken as an opportunity for making more potential investments. But, it is also important to know what cryptocurrency you should invest at that moment.
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June 28, 2022, 04:44:26 AM
 #42

But low, sell high, lol I’d say that’s how you should try and do it. I think it’s important for everyone to understand to only invest what you can afford to lose. Be a responsible investor. I personally think it’s a great time to buy bitcoin, but it could certainly continue to fall, so everyone should remember that.

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June 28, 2022, 04:49:07 AM
 #43

The current condition of Bitcoin indicates that it is much deeper than its maximum price. So this is the right time to buy. Moreover, the holders have already built their portfolios during this period. We also see that Blue Whales have started buying from the dip. So if you want to hold Bitcoin for a long time then it can be a golden opportunity.
moreover theirs existing speculation that Bitcoin is falling that no needful to buy bitcoins and hold, and i laughed at it, what is being matters is investment as op advised. This is the time to buy cryptocurrency and hold not only cryptocurrencies but bitcoin and hold for long term because people who bitcoin and hold and decide to sell in 2024 and 2025 will make a profit if the person can forget about the coin it has in it's possession. The advice of op is courageous for people who have the heart of holding a Bitcoin for long term without panic to sell
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June 28, 2022, 05:20:02 AM
 #44

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.
You shouldn't completely ignore the dip. I mean, you should instead try to take advantage of the dip. During the dip, try to invest as much as you can and keep holding to maximize the profit. Can't invest? Then don't sell. Just hold, sit back and relax. Look at the charts and you will see that the price in the long run keeps on increasing.
Another reason not to ignore dip is because disasters that might happen like Luna. Sure, bitcoin is never going to reach that state (or it might when something that no one ever expected happens), but still you shouldn't completely ignore the dip.

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June 28, 2022, 05:39:02 AM
 #45

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.
Well, that ought to be the way crypto investors should be looking at it but we understand this is not usually the case because not every investor have the same mind set plus this issue has been discussed many time on this forum and you would have thought people get it now.
For me, most people are not really investors but traders hence the need for they to keep reacting to every market price action which real investors will ignore when they occur because they “investors” usually have a longer time frame target and don't mind the daily, weekly and monthly price swings.
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June 28, 2022, 06:12:36 AM
 #46

The question is, could everyone do this? No, and not only do they fail to do this, many in fact do the exact opposite. Isn't it that we are told to buy low and sell high? But many are actually buying when there's a surge in price because they FOMO and sell when there's a big correction because they panic. If only people would begin to be strong enough to buy the dip, corrections would cease to be what it is right now, a time for panic selling.
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June 28, 2022, 06:32:42 AM
 #47

Dip can be taken as an opportunity for making more potential investments. But, it is also important to know what cryptocurrency you should invest at that moment.
That's why this is a BITCOIN TOPIC , because this is the only sure investment that will made us profiting though it may take long time sometimes(at least 3-4 years)  and after there are sure income.
I totally agree with the OP. We might not witness Bitcoin price fall below $30k again. So, it probably better we take the present situation of Bitcoin as an golden opportunity, and accumulate more Bitcoin. You don't have to let your emotions control you. Also, you don't have to panic if the cryptocurrency keep dipping. Certainly, the price will bounce back. Although, newbie are those who usually panic and sell their coins whenever the price dip.
make this a chance to earn by  buying our coins now and then sell out in the next couple of years .

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June 28, 2022, 06:34:34 AM
 #48

Long-term investment seems really easy to do but HODL is usually the most difficult task in an investor's life.
Imagine you bought the dip of 2018 and suddenly in 2020, after HOLDing for 2 years you see your BTC is now at the same amount of price at what you bought.
Not an easy job to do, but fruitful if done correctly.
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June 28, 2022, 07:21:41 AM
 #49

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.
I tried acting like this in the past , I even wonder how to forget about the investment and let it there for at least 3-5 years , but suddenly ? i cannot manage to make it happen because it is hard to deny the fact that when browsing this forum we will be triggered to check the market from time to time so just admit it, we are here to check our valued asset each time and decide what to do after.
and this is why many are turning into losses because of panicking after seeing the market fall badly.
Long-term investment seems really easy to do but HODL is usually the most difficult task in an investor's life.
Imagine you bought the dip of 2018 and suddenly in 2020, after HOLDing for 2 years you see your BTC is now at the same amount of price at what you bought.
Not an easy job to do, but fruitful if done correctly.
Sorry but what? you said that Long term investing is the easiest thing to do but HODL is most difficult ?  it is the same lol , HODL means Long term investing  and difficult? when all you need to do is wait ?

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June 28, 2022, 11:04:28 AM
 #50

Although I am a huge beneficiary in this market as a means to buy other altcoins, it is fair to say that we are benefiting from those who are losing money.
I am a bit confused after reading your post. Are you using the profits from Bitcoin to invest in altcoins or the other way around? To me, it seems like Bitcoin is your way to get more altcoins. In that case, that's a pretty risky game you are playing. Everyone knows what's best for them, but I would personally never drop Bitcoin to adopt an alt and possibly a shitcoin created only to make a small group of developers and early investors/advocates rich.
In crypto currency risk appear everywhere so you are not safe from anywhere you buy. Since Bitcoin is 70 percent below its ATH, it will be upward soon. Maybe it takes few days more can be fixed or even slightly down but it will recover and will be up again. On the other altcoins lost almost 90% value in some coins. At this moment I would not like to invest accept bitcoin. According to the dip it is less risky as alts.

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June 28, 2022, 11:19:23 AM
 #51

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.

I'm practicing the same strategy. Buying bitcoin and holding for long-term investment for the future. I use the technique buy and then forget so that I won't touch my assets. I just keep them for the long term and not bother to withdraw whenever there's a dump because I know how the market moves. This could be beneficial to some people who are easily shaken.

I've seen many people who do this method too and it works as long as the coin you invested upon have the potential to have greater value in the future. Of course, someone still has to do proper technical analysis and do cutloss if necessary to avoid further losses if it's really counted as loss and not paperloss anymore.
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June 28, 2022, 12:22:50 PM
 #52

The question is, could everyone do this? No, and not only do they fail to do this, many in fact do the exact opposite. Isn't it that we are told to buy low and sell high? But many are actually buying when there's a surge in price because they FOMO and sell when there's a big correction because they panic. If only people would begin to be strong enough to buy the dip, corrections would cease to be what it is right now, a time for panic selling.
Only people with strong hands can do it, while others will panic seeing market conditions that change every day. Our job is to buy low and sell high and we don't have to look at market conditions every day, especially if we can't control how we feel about a volatile market. Maybe people must leave the market once they can buy at low prices so they won't be swayed by negative news.

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June 28, 2022, 03:21:40 PM
 #53

The question is, could everyone do this? No, and not only do they fail to do this, many in fact do the exact opposite. Isn't it that we are told to buy low and sell high? But many are actually buying when there's a surge in price because they FOMO and sell when there's a big correction because they panic. If only people would begin to be strong enough to buy the dip, corrections would cease to be what it is right now, a time for panic selling.
Only people with strong hands can do it, while others will panic seeing market conditions that change every day. Our job is to buy low and sell high and we don't have to look at market conditions every day, especially if we can't control how we feel about a volatile market. Maybe people must leave the market once they can buy at low prices so they won't be swayed by negative news.
The truth is that most people simply do not have what it is necessary to become a good trader or investor, you could give them the money, strategy and even give them advice whenever they need it and they would still lose that money as they would fail to hold their coins properly when the time came and then they will even blame you for it, so when we understand something like this it is easy to see why so many people lose their money to the markets.
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June 28, 2022, 08:36:06 PM
 #54

easy to say "Ignore the dip"  Grin Grin before make any investment or buy more everyone should know the risk and must know where the dip is, yes we know that bitcoin perform well according to the past and of course going well to future but only invest with "cold money " and this dip might become a large opportunity to us. stay safe and keep learning

Having cold money invested and ready to lose is a must. Never use money that is still needed for other purposes. I learned a lot about the past that I've been through.
for long-term investment really have to be patient. there are some people who are impatient because they want a quick profit, who end up losing it all. The bearish market this time has disturbed everyone's psychology, whether they want to continue to maintain or not, or buy again with money in reserve.
Investing in bitcoin is a much better thing to do than leaving their dead money in the bank, which could never grow that much annually. But bitcoin is volatile that's why a long-term plan is needed before harvesting its profits and in times of bearish, we must keep our patience and keep from having some worries because we already know that bitcoin will always recover and will likely make another ATH this year. I say bitcoin is not for the fainted heart type of investor because bearish season will really put you to test.

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darkv0rt3x
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June 28, 2022, 08:57:30 PM
 #55

I just said almost the same thing as I'm going to say here.
If you understand Bitcoin and how economy works, and how polititians are trying to control us in such way we will be absolutely under their control, you'll see that the best option is simply to by Bitcoin and hodl, for now! In a near future you will thank these avices.

Watch these 2 videos:
https://www.youtube.com/watch?v=MOm_QmnRBSs

https://www.youtube.com/watch?v=42k9vH3OXI0

They are very good because they explain some of the most basic concepts of economics and some very important aspects that our governors tells us in masked wors and we simply can't see it clearly until we watch these videos and others like these!

Bitcoin is energy. Bitcoin is freedom
I rather die on my feet than living on my knees!
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June 28, 2022, 08:58:56 PM
 #56

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.
The whole concept for crypto investment will always be for long term. There may be good for short term but expect that the profits are just a small portion of what you can get from long term. And most particularly for bitcoin, where its price keeps fluctuating due to its market volatility, investing for long term will best fit for it. Just ignore the market crash, its just temporary. Focus on long term and believe me, people who always win in the market are those who can endure the market for long and those who focus on their goal for long term.
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June 28, 2022, 09:14:44 PM
 #57

Look, people can't just ignore the dip. Crypto is connected to the world events, and the economy is in a downtrend. And when that's going on, people tend to lay low and not invest (most of the people). So it's really hard to ignore or bypass that little thing.

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June 28, 2022, 09:59:56 PM
 #58

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The  best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
 My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
 This is the right time to buy more cryptocurrencies especially Bitcoin because the  more people come into the market and increases their demand for it, its value continues to grow rapidly.
That's how our mindset should be, invest for long term and do not be so eager to chase for profits because crypto investment is always best when its for long term. After all, the market will not stay forever having price dumps, it will surely recover in the right time and we'll see good profits along the way. For now, its  best to take advantage of the market first and buy a lot of bitcoin while prices are very tempting to invest. With our intention for holding it for long term, we can always ignore the price corrections that is happening, because in the end we'll know that the market still regain its bullish trend and that huge profits are waiting for those who endure long term investment.
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June 28, 2022, 10:20:20 PM
 #59

But low, sell high, lol I’d say that’s how you should try and do it. I think it’s important for everyone to understand to only invest what you can afford to lose. Be a responsible investor. I personally think it’s a great time to buy bitcoin, but it could certainly continue to fall, so everyone should remember that.
This is indeed the goal of it all because buying at the lowest possible price and selling at a high price is a basic concept that must be known.
But on the other hand, in this case, there are some cases that make us unable to do that, such as for example some beginners who can't read the situation or maybe we are already at a high price so there really is no reason to sell and should buy if we still have money. the rest even though sometimes many people have spent it some time ago to buy bitcoins at prices that are still relatively high.
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June 28, 2022, 11:49:47 PM
 #60

Not going to ignore the dip because its what gives opportunity to buy bitcoin lower and lower as it dips. It all depends on the type of trader that you are. Some do short term trading/investing while some do long term. It's just to stick to what works for you.

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