Ignore the dip and Invest in Bitcoin for long term

[AmoreJaz]

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.

and it also depends on the financial capability of the person how he will look at this market. he can very well do the short term trading to get immediate profits. however, he needs to be cautious about his trading activities because one mistake, he will lose all his accumulated profits.
for long-term, it means, he has the confidence in this market that sooner or later, he will get his profits.

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[ingiltere]

In 2014 I thought I was too late to the Bitcoin scene and tried as hard as getting more Bitcoin in various ways and end up losing more. If I hold them instead of wasting with stupid scamcoins or gambling carelessly I could've been in way better financial position now. I tried to earn Bitcoin faster because I thought I was late, but it backfired in the end. And I learned that there is always a new opportunity. Now I know that even if Bitcoin goes through bear seasons, it goes up even higher. I have full confidence and Bitcoin will be here to stay. That's why I'm trying to accumulate Bitcoin by being more careful now. My advice is, don't be afraid of the drops, always see it as another opportunity to accumulate more.

[goldkingcoiner]

An investment should always be a long term thing. Thats why you do so much research on your investments beforehand. If you truley believe in something then obviously you are going to be setting a goal of years before you cash out. Bitcoin however is not only a long term investment but a firm belief that we are switching to a different monetary system. A third generation of money technology.

So to me there really is not much point in "cashing out" at that point.

[JoyMarsha]

Undermining the risk of investing in Bitcoin right now because it’s inestimable. One cannot predict how the market will be the next minute. So why not focus on investing rather than just selling out because of the dip or Do you believe Bitcoin will never rise again?

If we should go by the history of bitcoin, we would be able to find out that bitcoin always bounces back in price after a long bearish market. As the crypto market is unpredictable, so is bitcoin's future. The present market condition of bitcoin requires us to buy the deep rather than sell. Sell now and regret it later

[Smack That Ace]

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.

The dips are not such a big deal that we are afraid to ignore them. As a long-term investor, we should expect a drop more than anyone, as this is an opportunity for us to buy bitcoin cheaply, which we cannot see during the bull season. Holding bitcoin long term will never make you lose but if you can get it cheaper than others the bigger your profit, the dip market should not be ignored.

[Mr.sprin]

Currently the price of bitcoin is going down, many investors want conditions like this because they aim to buy bitcoin at a low price and store it in the long term for them to make assets in the future, so I also take this opportunity to buy BNB coin to keep it I'm sure BNB coin has the potential to be stored.

[worle1bm]

If you can hold on to your nerves and relax without getting panic looking at the charts provoking you to sell then definitely you can gain profits from btc in long run once the prices are revived.The other way is invest some amounts at these dips which will help you more but if you can't then simply hold it.

[ethereumhunter]

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.

If they don't learn how to survive in the crypto market and as investors, they are doomed to fail and there will be no chance for them to profit. They won't be able to hold their coins properly and we've seen many examples of what people have experienced. Maybe they are not suitable for investing in crypto but what is clear, if they have the will to learn, surely they will be able to survive in the harsh crypto market.

[Mr.right85]

The dip sentiment have kept many supposedly bitcoin investors on the sideline while watching bitcoins create lows and the next, bounce back to make someone's towards the bulls. Even while the trend seems to continue, they continue in disregard with the idea that, it would dip again and then they would find an entry point but the realisation of this is usually not forth coming.

These are the set of investors that might jump in only after it is clarity bitcoin is on the rise and might not come in at all or come in when the market is stayed at a ranging point.

Better wa to help yourself at this point is to devise a hold for long plan and there is no better way to do that than, having some serious alternative source of income that isn't crypto related. Do that and you've got a better chance at long term holding.

[btc78]

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.

That is if you have a steady funds that allotted only in this kind of scenario , because if you are going to sell other coins just to buy bitcoin then the tendency of you losing in altcoin bump is there.
we should remember that both bitcoin and legit altcoins are moving forward and downward together so yes best to have them both and you must always ready in occasions like this.

[wmaurik]

Undermining the risk of investing in Bitcoin right now because it’s inestimable. One cannot predict how the market will be the next minute. So why not focus on investing rather than just selling out because of the dip or Do you believe Bitcoin will never rise again?

I am more confident that Bitcoin will rise again as it did last year and also as it did a few years ago. The focus that you offer is indeed very good, because for now everyone is better at buying and holding Bitcoin than having to sell everything. Yes, the market is not completely predictable, but trust that market conditions will improve again after this downturn.

If we should go by the history of bitcoin, we would be able to find out that bitcoin always bounces back in price after a long bearish market. As the crypto market is unpredictable, so is bitcoin's future. The present market condition of bitcoin requires us to buy the deep rather than sell. Sell now and regret it later

Totally agree with what you said because selling all Bitcoins now will give you more regrets later or when Bitcoin increases again. I think for now is the time to stick with all existing assets and also buy as much as possible before things escalate again in the market.

[Crypto_Dotar]

Bangladesh Bank is known to buy or store bitcoin in other cryptocurrency in Bangladesh, but according to the law of Bangladesh, it is illegal to trade or save bitcoin or any other cryptocurrency.

[dezoel]

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.

I think checking the market is not the problem, if you are not taking any actions then checking the market is fine. I haven't sold many coins for the past 2-3 years, I mostly bought and stored them on binance and did nothing else. Have I not been here? I have been here for so long that I actually earn enough money from writing here that I can put that into bitcoin and store that as well.

That 50 bucks I earned 2-3 years ago for writing a week? Well, that is now 200 bucks because of how much the price went up. This is how you make money, you buy and you hold, and if you really really need to, sell only a little. As long as you do that, you could always be here, or check the markets.

[Fundamentals Of]

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.

I don't even know if this strategy of leaving the market or not monitoring the prices is applicable to emotional investors. I'm sure emotional Bitcoin owners cannot stand a day, even an hour, not checking its price. So it is either they invest with a strong hand and be completely aware of the risks and possibilities of Bitcoin or they will fall to fear and sell when the going gets tough. If somebody cannot help but panic when the market condition is bad, he also cannot help but look at the price every now and then.

[JohnBitCo]

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.

Yes, rightly said why ignore the dip? Rather we should wait for the dip to buy bitcoin at cheap prices. The current bitcoin prices are the cheapest to invest for the mid to long term. Only a year ago, people used to say that they will buy bitcoin of it reaches 20K again. Today, the price is again 20,000$ but most of them are still not buying and they consider that even 20K is a high price for bitcoin. These people never buy bitcoin as they just keep on waiting forever.
Buy now else you will regret it when you will see bitcoin reaching all time high again in 1-3 years.

[TheUltraElite]

If you can hold on to your nerves and relax without getting panic looking at the charts provoking you to sell then definitely you can gain profits from btc in long run once the prices are revived.The other way is invest some amounts at these dips which will help you more but if you can't then simply hold it.

The downtrend tends to affect people's nerves and also the fact that the prolonged bear market has an effect on both the wallet and the moral of a trader. In such times I feel moving away from the market for a short period of time works wonders. By that time some of your proposed orders will have been completed and you would be delighted to see that you are accumulating the right asset in the right direction.

Liquid money crunch is the problem that one will face in such times. In such cases, just stop buying for sometime and let the market recover. After all you will make money when you sell these assets at the bigger price so you have to wait it out anyway.

The important thing is not to panic sell and exit, that is the test of patience here.

[SpenserReed]

Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account.

So you mean to forget about it for about 5-10 years?

[ethereumhunter]

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.

I don't even know if this strategy of leaving the market or not monitoring the prices is applicable to emotional investors. I'm sure emotional Bitcoin owners cannot stand a day, even an hour, not checking its price. So it is either they invest with a strong hand and be completely aware of the risks and possibilities of Bitcoin or they will fall to fear and sell when the going gets tough. If somebody cannot help but panic when the market condition is bad, he also cannot help but look at the price every now and then.

I don't think that strategy would work for emotional investors because they might act rashly if something were to happen to the market. They can't think about what they should do and only think about getting out of the market with their money. This is why they can't hold bitcoins much longer because they are easily influenced by what people say. They really need to learn to handle their emotions so that they can be wiser in dealing with ever-changing market situations.

[Afterclap]

It is useful advice, but when the market is in decline, a dip may be a better option. Although long-term investment in bitcoin is also a good strategy.

[tbterryboy]

Undermining the risk of investing in Bitcoin right now because it’s inestimable. One cannot predict how the market will be the next minute. So why not focus on investing rather than just selling out because of the dip or Do you believe Bitcoin will never rise again?

I am more confident that Bitcoin will rise again as it did last year and also as it did a few years ago. The focus that you offer is indeed very good, because for now everyone is better at buying and holding Bitcoin than having to sell everything. Yes, the market is not completely predictable, but trust that market conditions will improve again after this downturn.

That is what bitcoin does, it rises and it falls and it repeats. That is the most guaranteed thing you can hear today, even if everything else fails, bitcoin will always go up and down. Which means that we have been down for a while and that should be going up again, it's about time. I am not saying that it will happen today, but let's be honest crypto has been around for a long enough time to know that it will do well in the future.

We need to just stay back, relax and not screw anything up. If you end up doing something that will ruin all the chances we have, then we are going to end up with a big problem and nobody would want that to happen.