Ignore the dip and Invest in Bitcoin for long term

[gunhell16]

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 cannot ignore the dip, because there are a lot of the altcoins out there in the market that has a potentials, they might have a cheap price for now but its a good chance for me to buy them
then hold in the long term. While Bitcoin was really good to hold for a years because for it is a good investment.

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.

Doing day trading activity at the present time now is not advisable in my own opinion, especially if you are not that knowledgeable in the crypto trading.

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[electronicash]

same here. i can not ignore the dip that i have to sell my BTC to expect another dip. we know the market follows a recovery cycle which is why people are also selling.  if they are buying, that's the time its good to buy as well. if you start DCAing today, that means you really have the money to sustain yourself despite the price continue declining.  we have different preferred strategy but a short term traders would rather by buying at $30k-$35k again as long as the market will not go against their trade.

[BALIK]

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.

Yes, so don't ignore the dip. When the bitcoin price is going down, we should not sell our bitcoin, but we should buy more bitcoin when the price is going down. the market will repeat will go up and down and always will, should not miss any moment. As long as you do not act in a manner that is contrary to the "buy low, sell high" rule of investing, you should be fine. The dip market is an opportunity not always available, it will be a long time before we can meet again, so don't miss it.

[GigaBit]

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 were really lucky because you bought from Dip and sold at almost the highest level. Many of us who are investors cannot survive in the bearish market. They often sells having lose but can't hold. Which is accepted as the biggest reason for losing assets. It is true that always we will not get the dip as well as sell it to the high. So I think it makes sense to make a quick decision through research.

[Crptomagma]

Nice one this is a good advice, most time the problem with bitcoiners is lack of Patience. Everybody wants to invest today and and become rich today forgetting that Patience is a virtue. Buying the dip and holding until the price increase is the goal. Thanks for this advice....

[smartaction]

same here. i can not ignore the dip that i have to sell my BTC to expect another dip. we know the market follows a recovery cycle which is why people are also selling.  if they are buying, that's the time its good to buy as well. if you start DCAing today, that means you really have the money to sustain yourself despite the price continue declining.  we have different preferred strategy but a short term traders would rather by buying at $30k-$35k again as long as the market will not go against their trade.

I already bought 1 Bitcoin at the price of $20k. I don't know if this is a wrong move for me. And I don't even know if we'll see Bitcoin more dip. But whatever it is, I will hold them tightly. I left the rest to my fate. But I don't think it will disappoint me. So I'm not scared yet.

[Cryptmuster]

I already bought 1 Bitcoin at the price of $20k. I don't know if this is a wrong move for me. And I don't even know if we'll see Bitcoin more dip. But whatever it is, I will hold them tightly. I left the rest to my fate. But I don't think it will disappoint me. So I'm not scared yet.

Have you decided to invest all your funds now, without dividing them, in order to leave a reserve in case of a further fall? On the one hand, if the investment is long-term, then it will bring profit, perhaps in a year, two or more. But on the other hand, if the price drops further and reaches 15k or 10k, then you would have a chance to buy more bitcoin. I do not know if there is a right or wrong strategy for such investments, it will be clear only after a while.

[|MINER|]

I already bought 1 Bitcoin at the price of $20k. I don't know if this is a wrong move for me. And I don't even know if we'll see Bitcoin more dip. But whatever it is, I will hold them tightly. I left the rest to my fate. But I don't think it will disappoint me. So I'm not scared yet.

Have you decided to invest all your funds now, without dividing them, in order to leave a reserve in case of a further fall? On the one hand, if the investment is long-term, then it will bring profit, perhaps in a year, two or more. But on the other hand, if the price drops further and reaches 15k or 10k, then you would have a chance to buy more bitcoin. I do not know if there is a right or wrong strategy for such investments, it will be clear only after a while.

Here we can't even say that Bitcoin will come in 15k or 10k.  It cannot be said that it can go down.  Again, it may give a good bull-run from the vicinity of the current position. I applaud her move, if she holds it long term it will definitely be her 2x 3x profit.  And I wouldn't call this strategy wrong, I would say wrong when he was investing in shitty altcoin since he has invested in bitcoin. I don't think there is any possibility of a risk here. 

[Bitstar_coin]

Truth is many investors don't have a long term investment goal otherwise this dip would appear as a great opportunity rather. Even though btc since time of existence has surpass previous ath whenever the bear season ended people are still in doubt.
I think it is time the crypto community have a long term goal and stop panicking during bear season.

[Rigon]

If you can hold on to Bitcoin for a long time by investing in Bitcoin right now, then you can have enough money at one time.As you can see, Bitcoin was at a maximum of $69k.Then we think maybe Bitcoin will never go down again. But slowly Bitcoin has come down again It can be said with certainty that Bitcoin will be in a good position, but there may be a need for time.However, I would say that those who want to invest should invest in this instant market and hold on to it in the long run.

[blackened515]

Certainly, the price of Bitcoin will surely rise, and possibly hit a new ATH. What most people lacks is probably the ability to be patience enough to hold up to their Coin during the dip. Although, ignoring the dip is usually not easy. But, Bitcoin price will be sky rocketing to the moon anytime sooner or later. We all have to accumulate more coin, we might not be privilege to witness Bitcoin fall before $20k again. The rule of making profit from Cryptocurrency is simple, "Buy low, be patience and sell high .

[KennyR]

Right now it is time to ignore the market trend. People always want bitcoin to be on the bullish side. When the market turns on the opposite way, there arises fear. This fear over the market is common. In the past whales play wise and use it an opportunity to acquire more bitcoin at lower price. Now this isn't experienced much as people don't get into panic selling.
Right now it is time to enjoy without watching the charts. What we invest will surely give good returns in the long term.

[Cryptmuster]

Here we can't even say that Bitcoin will come in 15k or 10k.  It cannot be said that it can go down.  Again, it may give a good bull-run from the vicinity of the current position. I applaud her move, if she holds it long term it will definitely be her 2x 3x profit.  And I wouldn't call this strategy wrong, I would say wrong when he was investing in shitty altcoin since he has invested in bitcoin. I don't think there is any possibility of a risk here. 

I said, "if it drops to 15k or 10k", because such a possibility cannot be ruled out either. Yes, that's right, even if you buy now you will receive a profit from this investment, the only question is how long you will have to wait before the bull market begins.

If you are talking about risks, then you cannot say that this investment is without any risks. Risks are always present, we can talk a lot about it...

[FlamingFingers]

(...)

You may have had success with ETH, but how do you believe it with BTC?

The price of bitcoin when ethereum was at $700 then was not up to $20k, imagine having the guts to buy bitcoin when it was at sub 20k and selling at around 50-60k, isn't that a huge amount of profit? The best coin to have believe in and that one can bank on 100% is bitcoin, others are just there to follow and only few of them will live to survive most especially during this bear season

[Baofeng]

Not just ignore, but if we see others preaching and saying that bitcoin is dead then that is the perfect opportunity to buy, hehehe. Just like in the past, 2018 bearish cycle, we've heard perma bears coming to live and try to destroy bitcoin, and i would say that they are successful because many have sold that time and pull the price. But moving forward to 2021, we have a new all time high. So this cycle will repeat all over again. Invest right now in this bear market and hold and wait for 2024-2025.

[ChrisPop]

Not just ignore, but if we see others preaching and saying that bitcoin is dead then that is the perfect opportunity to buy, hehehe. Just like in the past, 2018 bearish cycle, we've heard perma bears coming to live and try to destroy bitcoin, and i would say that they are successful because many have sold that time and pull the price. But moving forward to 2021, we have a new all time high. So this cycle will repeat all over again. Invest right now in this bear market and hold and wait for 2024-2025.

It is the same old recipe - buy when there is blood on the streets. Right now people are under pressure with debt burden rising rapidly and lay-offs causing drops in income --> people are forced to sell assets. Many times they will do it at a considerable loss even if it is painful.

[wmaurik]

Nice one this is a good advice, most time the problem with bitcoiners is lack of Patience. Everybody wants to invest today and and become rich today forgetting that Patience is a virtue. Buying the dip and holding until the price increase is the goal. Thanks for this advice....

Only people who don't know investment methods want to get rich immediately after making an investment in a number of things including the matter of choosing cryptocurrencies. And I think that kind of person will never succeed in his investment if he still wants wealth in a moment because in every investment it is very clear that it requires patience as you said.

[BobK71]

According to my perspective none of the real holders of Bitcoin have lost so far. Those who get loss were not good holders. We have seen the halving of Bitcoin in the last few days and hopefully if the market situation improves we will see the new ATH in the future as well. So it doesn't matter in which price you buy bitcoin, they will not lose what I believe. Those who have not yet purchased Bitcoin this is the right time for them to purchase it and should be hold for long time.

[Webetcoins]

I already bought 1 Bitcoin at the price of $20k. I don't know if this is a wrong move for me. And I don't even know if we'll see Bitcoin more dip. But whatever it is, I will hold them tightly. I left the rest to my fate. But I don't think it will disappoint me. So I'm not scared yet.

Have you decided to invest all your funds now, without dividing them, in order to leave a reserve in case of a further fall? On the one hand, if the investment is long-term, then it will bring profit, perhaps in a year, two or more. But on the other hand, if the price drops further and reaches 15k or 10k, then you would have a chance to buy more bitcoin. I do not know if there is a right or wrong strategy for such investments, it will be clear only after a while.

I have about the same situation. I have an income, which is why I really do not expect the situation to be getting any worse, and if it does then I would use some of my income. It's a salary basically, every 1st of every month I get my salary, and by 1st of July if it's lower (tbf even if it's higher) I will buy some more.

This is enough for me, hence why I am 100% fully in right now. I know it's not an ideal situation but at the same time it's not going to be that difficult of a situation neither. Just focus on what you can do, and ignore all the things you can't do, that way you will be able to go all-in and not have any type of worry in your mind at all.

[ReiMomo]

According to my perspective none of the real holders of Bitcoin have lost so far. Those who get loss were not good holders. We have seen the halving of Bitcoin in the last few days and hopefully if the market situation improves we will see the new ATH in the future as well. So it doesn't matter in which price you buy bitcoin, they will not lose what I believe. Those who have not yet purchased Bitcoin this is the right time for them to purchase it and should be hold for long time.

Those who are in trading for years, might know, investing on Bitcoin for a long term would bring in lump of profits than going on a short term. Bitcoin's current price is so good to buy now than waiting for to buy when the price goes down. We are almost 70% down the market when compared to last year ATH hitting $63k. So, obviously the next pump is going to be huge and the next ATH is going to be above $63k one day or other day if not in near future. So its going to  bring in huge profits when its held on a long term. Hence yes its a good advice to go for a long term.