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Author Topic: Ignore the dip and Invest in Bitcoin for long term  (Read 2393 times)
sensimilia
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June 30, 2022, 11:24:11 AM
 #81

The price of Bitcoin has come down one step again, hopefully it will come down further. The fall in the price of Bitcoin will create a golden opportunity for investors. So invest some of your capital in Bitcoin at your convenience. Make good money.

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June 30, 2022, 12:13:02 PM
Last edit: June 30, 2022, 12:38:17 PM by noormcs5
 #82

The price of Bitcoin has come down one step again, hopefully it will come down further. The fall in the price of Bitcoin will create a golden opportunity for investors. So invest some of your capital in Bitcoin at your convenience. Make good money.

The price of bitcoin was around17,900$ few days ago , and then it moved up to 21,000$ approx. Many people missed to buy at that time but now bitcoin is near 19,000$ and there is likely a chance bitcoin might hit the 17,000$ again.

If anyone don't want to miss again this golden opportunity  to buy, then they should place the buying order at 17,000 and 18,000$. Bitcoin migh make a wick on these low prices before again heading towards 20K+.

Dips are for buying and not for panic selling.

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June 30, 2022, 12:31:32 PM
 #83

I don't know how ops come about mixing up Bitcoin profits to ethereum, all I can see is he is trying to advise how to sell high and buy low. But in my observation of investments like Bitcoin is that a long time goal is good but then one needs to keep constant contact with the market so that you will. not end up losing everything, must, especially in a volatile market like cryptocurrencies.



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June 30, 2022, 12:34:57 PM
 #84

I just don’t mind the dip anymore as I am now committed to buy Bitcoin every month through the traditional old-school dollar-cost averaging (DCA) method. BTC is for long term and I have regretted not doing DCA with it before because of being complacent with various altcoins (especially the pump and dump ones).

Regardless of the price right now, I’ll just keep buying every month with my extra “not beer” money.

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June 30, 2022, 12:47:26 PM
 #85

I just don’t mind the dip anymore as I am now committed to buy Bitcoin every month through the traditional old-school dollar-cost averaging (DCA) method. BTC is for long term and I have regretted not doing DCA with it before because of being complacent with various altcoins (especially the pump and dump ones).

Regardless of the price right now, I’ll just keep buying every month with my extra “not beer” money.

Since no one is a fortune teller and no one can predict the top and bottom of bitcoin, it's best to buy bitcoin on every dip and do the dollar cost average. 
For those who have missed the previous bitcoin rally this might be another or a last chance to jump in, invest in bitcoins and wait for the next all time high which will surely be near the halving.

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June 30, 2022, 09:36:17 PM
 #86

(...)
Smiley You may have had success with ETH, but how do you believe it with BTC? 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. And it's like a war, so the winners will see an opportunity in the future that they take for themselves, so it's not for all losers or winners.
what are we saying in Bitcoin is that it depends when you invest in Bitcoin especially when bitcoin is down grand, and you purchase Bitcoin after investing in it for long time there is nothing will make you not to make a good profit in it since it's been bought dream The bearish time. Ethereum is altcoin and making profit in altcoin investment eat something that is fair because any cryptocurrency investment altcoins are the ones that gives profit Bitcoin so bitcoin gives for long term holding
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June 30, 2022, 09:57:34 PM
 #87

(...)
Smiley You may have had success with ETH, but how do you believe it with BTC? 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. And it's like a war, so the winners will see an opportunity in the future that they take for themselves, so it's not for all losers or winners.
what are we saying in Bitcoin is that it depends when you invest in Bitcoin especially when bitcoin is down grand, and you purchase Bitcoin after investing in it for long time there is nothing will make you not to make a good profit in it since it's been bought dream The bearish time. Ethereum is altcoin and making profit in altcoin investment eat something that is fair because any cryptocurrency investment altcoins are the ones that gives profit Bitcoin so bitcoin gives for long term holding
Why would need to choose one if you could have multiple or other coins on your portfolio in speaking on long term? Not all would really be just solely focusing on bitcoin but it cant really be denied that it is one of the most preferred in terms of long term holds but of course there are people or investors who do really find for alternative aside from the main ones.

Its really easy to say that ignoring the dip and go for long term but as a human being then having that anxiety and doubts could really be just a normal situation for you to
experience since we dont want or like to lose money which its understandable on having these kind of reaction.

If you do go for long term then there are other traditional investments we could take, or simply talking about diversification.

R


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June 30, 2022, 10:05:04 PM
 #88

I just don’t mind the dip anymore as I am now committed to buy Bitcoin every month through the traditional old-school dollar-cost averaging (DCA) method. BTC is for long term and I have regretted not doing DCA with it before because of being complacent with various altcoins (especially the pump and dump ones).

Regardless of the price right now, I’ll just keep buying every month with my extra “not beer” money.

Since no one is a fortune teller and no one can predict the top and bottom of bitcoin, it's best to buy bitcoin on every dip and do the dollar cost average. 
For those who have missed the previous bitcoin rally this might be another or a last chance to jump in, invest in bitcoins and wait for the next all time high which will surely be near the halving.
No one has got the ability to make precise price predictions on the drop and bounce of the market. With cryptocurrency every opportunity needs to be used. Once an opportunity missed will make the user wait for a much longer time period to experience similar market situation. When market is down it is good to do Dollar Cost Average. Investing now will assure profit in the long term.

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June 30, 2022, 10:21:08 PM
 #89

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?
what you're saying right now is excellent correct and I found out that it is it the mentality of investors is to get profit and that is why whenever market is on read colour everyone panic to sell in order to make profit and not to involve in Lost, the future of Bitcoin is not predictable and that should be one of the major reasons why no one is supposed to panic and sell when Bitcoin is experiencing red so what you said is reasonable enough for some people not to rush and they sell out their currencies because of sign or a symbol off cryptocurrency falling
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June 30, 2022, 10:23:33 PM
 #90

The  best thing you can do is to not look at it, even if crypto is going up or down.
I did say this is practically impossible to do as long as you have the wallet that contains that Bitcoins installed, so in other to make this really possible, what i suggest is to delete wallet from phone or desktop after sending Bitcoins to it.
And for the newbies, you should already know that before deleting a wallet, especially one that contains your fund, you should first of all write down your passphrase and verify that it is correctly written, if you make use of private keys, then you should write it down as well (I do not advice copy pasting cus you might end up pasting it i the wrong place) and keep it or both in a safe place, some place you dont visit often but sure that whatever you keep there remains there and as it is kept until you come back for it.

For me, this is one of the ways or the only way not to look at your Bitcoins when price is going either up or down.

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June 30, 2022, 10:32:17 PM
 #91

Bitcoin was good coin for the long term,their was no doubt in that.You should handle your emotions in the trading platform.The coin price will reduce for the sure ,at that time you need to hold for the longer period.When the people look for the short period of time,then gambling can be tried.But the trading need of huge patience.It may increase in short period or longer period.So hold till the price of the coin recovered to normal value or above brought price.
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July 01, 2022, 03:56:47 AM
 #92


 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 will not buy with the current state of the market, I will ignore the decline in the crypto market any longer, at least in 2023, whatever happens is my choice.

I realized the failure that I had experienced in 2019, where Bitcoin stood at $6000 for a long time, and I never touched it, so I don't want to miss it this time and fail again.

BTC
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July 01, 2022, 06:43:15 AM
 #93

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.
The cycle seems to be a difficult one these days. We dropped under 20k all over again in a single move, all it took was a whale and that is why we are down again. It means that the cycle gets stuck sometimes. Yes it does go up and down and that is cliche and that is known.

However, how about the fact that sometimes it goes up and down more than 50%+ and that is a volatile period and we are used to that, but at the same time there are times when it goes up and down under 10% difference like these days? In that situation I feel like it's stuck and can't move, it goes up 10% and then goes down 10% and that's it, which is nearly stable compared to what crypto can do. That's the part people dislike the most.

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July 01, 2022, 04:16:35 PM
 #94

The  best thing you can do is to not look at it, even if crypto is going up or down.
I did say this is practically impossible to do as long as you have the wallet that contains that Bitcoins installed, so in other to make this really possible, what i suggest is to delete wallet from phone or desktop after sending Bitcoins to it.
And for the newbies, you should already know that before deleting a wallet, especially one that contains your fund, you should first of all write down your passphrase and verify that it is correctly written, if you make use of private keys, then you should write it down as well (I do not advice copy pasting cus you might end up pasting it i the wrong place) and keep it or both in a safe place, some place you dont visit often but sure that whatever you keep there remains there and as it is kept until you come back for it.

For me, this is one of the ways or the only way not to look at your Bitcoins when price is going either up or down.
It is not a bad idea that could work for some people, but personally I prefer to look at the price once in a while as a way to keep myself informed about what it is happening and how the market is moving, however this is something that we can do because we have already survived a bear market, basically what it is happening is not something that is new to us and as such we have better self-control than someone that is experimenting a bear market for the first time, so we can avoid taking those measures and still not panic at all.



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July 01, 2022, 05:51:38 PM
 #95

The  best thing you can do is to not look at it, even if crypto is going up or down.
I did say this is practically impossible to do as long as you have the wallet that contains that Bitcoins installed, so in other to make this really possible, what i suggest is to delete wallet from phone or desktop after sending Bitcoins to it.
And for the newbies, you should already know that before deleting a wallet, especially one that contains your fund, you should first of all write down your passphrase and verify that it is correctly written, if you make use of private keys, then you should write it down as well (I do not advice copy pasting cus you might end up pasting it i the wrong place) and keep it or both in a safe place, some place you dont visit often but sure that whatever you keep there remains there and as it is kept until you come back for it.

For me, this is one of the ways or the only way not to look at your Bitcoins when price is going either up or down.
It is not a bad idea that could work for some people, but personally I prefer to look at the price once in a while as a way to keep myself informed about what it is happening and how the market is moving, however this is something that we can do because we have already survived a bear market, basically what it is happening is not something that is new to us and as such we have better self-control than someone that is experimenting a bear market for the first time, so we can avoid taking those measures and still not panic at all.

I had a bad experience of not checking the price of my long-term investment. My mistake was I missed the chance of selling my Bitcoin at its high peak. I've learned that even if we say that it's a long-term investment, it doesn't mean that we don't have to monitor it. Setting a target selling price will help so we won't panic when the market crashes. It's a matter of conditioning our emotions and having the right mindset when it comes to monitoring our investments.
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July 02, 2022, 10:13:30 AM
 #96

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 fully agree with you, buying right now is a much better idea than to sell our coins. Everybody who is selling now will drive prices lower and makes the bear market worse. And everybody who is buying now will help to make the bear market less severe and help bitcoins to recover. The small transactions most of us do don't have a big impact, but if we all work together we can influence the price also. The best thing to do during the bear market is to hold out and wait for prices to recover. I made the mistake one time in my life to sell to early and missed out on the last bug rally. Not going to fall into the same trap again. We should be buying when the prices are low and selling when prices are high, not the other way round. Who cares in a few years if you bought bitcoins at 18, 21 or 25,000 USD.
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July 03, 2022, 04:59:09 PM
 #97


 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 will not buy with the current state of the market, I will ignore the decline in the crypto market any longer, at least in 2023, whatever happens is my choice.

I realized the failure that I had experienced in 2019, where Bitcoin stood at $6000 for a long time, and I never touched it, so I don't want to miss it this time and fail again.
If you have money you can buy little by little and not spend all your money buying at once, the best investments have to be made waiting a long time, if you see the purchase of bitcoin as putting money in a bank, it is the best thing you can do, when we put money in a bank we hope to have more profits, but the danger is that if the money falls in value or suffers from inflation as it is happening, the best option in the long term is bitcoin because for me it is the money of the future and what does it have favorable behavior over time.
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July 03, 2022, 11:41:34 PM
 #98

I read some statements that when we want to get diamonds, be patient because by making long-term investments, we can get big profits differently if we make short trades, we will only get small returns with the same capital. long term because our mental and emotional will be spurred when doing daily trading so that big mistakes can occur, that's where patience is very important in us making any investment, especially in crypto with high price fluctuations.

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July 04, 2022, 05:18:15 AM
 #99

That is the key for long term investments - to ignore the short term market fluctuations. Markets are turbulent by nature, and volatility is to be expected from time to time. Be consistent with your investment aim and risk profile. It will help you achieve your long-term goals while also making the journey more enjoyable.
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July 04, 2022, 05:40:47 AM
 #100

I read some statements that when we want to get diamonds, be patient because by making long-term investments, we can get big profits differently if we make short trades, we will only get small returns with the same capital. long term because our mental and emotional will be spurred when doing daily trading so that big mistakes can occur, that's where patience is very important in us making any investment, especially in crypto with high price fluctuations.
Day trading is not everyone's cup of tea and you need to have experience for it and observe the market carefully and can loose funds with single wrong move so it's said that it you don't want to indulge in these skillful practice then simply hold or invest during dips but for long term say 3-4 years as the past chart says your returns will be good in long term but talking about btc only here.

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