"I'll wait for the dip!" - The Crypto Noob Cycle

[boyptc]

It's hard to see the bottom and that's why DCA is there to save those worries. But I get the whole point of it when it's totally dropped to the actual bottom and people say that it's dead.

The crave is no longer there and instead of being optimistic with its opportunity, they get tired of waiting and just settle for good and say that it's dead and means that they're no longer interested.

Not until, the actual recovery comes in.

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[Mahanton]

*Bitcoin drops 10%*  -  "I'll wait for it to drop further"

*Bitcoin drops another 10%*  -  "it's going to drop more"

*Bitcoin drops another 10%*  -  "I'll finally buy at another 10% drop"

*Bitcoin drops another 10%*  -  "looks like it's going to drop further"

*Bitcoin drops another 20%*  -  "I'm not buying. bitcoin is dead"

*Bitcoin reaches the price floor, then rises slowly for months an months*  -  "I'll wait for the dip"



- repeat after every halving cycle -

Its a never ending cycle even not noobs or lets say those who do have experience will really be having this very common impression and mindset towards the market which isnt
something surprising because market is unpredictable on the first place which do basically means that pointing out the bottom was always been a challenge or something
you cant really able to deal off with it easily. Waiting for the dip or going for the bottom is what we do go all after all the time even short traders or swing traders do really
mind off and not really just solely focusing on current trends and current fundamentals or events.

[CryptSafe]

This is an interesting topic though.  I know many have had this experience then as a new bee in the system. As an inexperienced trader, you just jump into the market without ful analysis to know when to buy and when to sell. When the market is heading down then you panic sell  turning to paper hands. Nobody can tell the bottom line of Crypto inThe market as it is  very volatile and  fluctuations not as clear as it used to be. That is why you are advised to use your spare funds you could afford loosing so as not to start blaming anyone for your loss.

[franky1]

Nobody can tell the bottom line of Crypto inThe market as it is  very volatile and  fluctuations not as clear as it used to be.

the price does fluctuate. but there are ways to find the current bottom of the value window that the price might go down to. (yes price bottom is different to the value bottom) (and yes the value window bottom also changes but not at the same volatility/rate as the price)

take PoS coins.
because they are CPU created blocks thus CPU rewarded coins. you can calculate the underlying cost.
(hint its alot lot less then PoW based coins)

you can work out how long it takes for each person to have signed a PoS block and how many times in that time they signed. and worked out the base cost of signing a block.. where its just math of time X kwh of a normal desktop pc

take the scenario of when ethereum 'detonate's to PoS from PoW
if you do the math you will see the bottom value window drop from a few $thousand.. to just a few $$.. so expect that ethereum to have a major correction/dip/crash when it changes to PoS when suddenly people staking can make blocks and get rewards very very cheaply and i mean very cheaply

[kamvreto]

A cycle that will never end, this is because it does not use technical analysis, if you use technical analysis the limits of support will be visible, so you can wait for the price to drop to the lowest price.

In the end, every time they wait for a decline that never ends, they will throw away in vain, make a Cut loss because their psychology will be disturbed and say "sell before it goes deeper".

[Adbitco]

This most common issues we are having overtimes; do we call it procrastination yet always waiting for the dip but refuses to maximized the free chances that came across them all they do is to say I will buy when more dip but the time is now instead not paying heed to it.

[Retiicle]

Many investors wait for a dip to invest in the crypto market. Cryptomarket being highly volatile, are profitable. Investors seeking for potential opportunities for investing in the crypto market wait for the market to go down.

[onecall123]

BTC is overwhelmingly viewed the same way by a majority. There's nothing new about this. We've all heard it before and we'll hear it again. Bear markets aren't new, nor are they close to their lowest point. Like always, it will bounce back and probably reach new highs. It hasn't stopped since 2011 and it hasn't stopped since then. However, I'm hopeful about the adoption of walk streets. At least, that's my hope. Having been long since 2016, I remain so.

[davis196]

Is this some kind of reddit meme you are posting here(without the pictures)?
Most of the newbie traders don't know what to do so they just follow the trends. Following a market trend is the wrong way to make money via trading. On the other hand, being cautious and waiting for a lower price is way better than jumping on a FOMO phase and buying when the price is at ATH.
The traders, who were saying "Bitcoin is at 60K, it's going to get above 100K, I'm buying!" are way worse than the traders, who are saying "I will wait for the dip". Making fun of traders who are just cautious is kinda cringe, if you ask me.
The crypto winter will continue and there will be more price drops, so we can't judge or blame the investors for not buying.

[asimi.io]

Bitcoin local bottom is very close  its a good sign and btc hold this position we may see a good rally upside.

[buwaytress]

Fixing it for you, any noob can come in and DCA at any time, enjoy a stress-free life and long-term happiness.

*Bitcoin drops 10%*  -  "Nice! I get a 1.1x bonus on my DCA buy"

*Bitcoin drops another 10%*  -  "Nice! I get > 1.2x bonus on my DCA buy"

*Bitcoin drops another 10%*  -  "Awesome, an entire 1/3 bonus on my DCA"

*Bitcoin drops another 10%*  -  "50% DCA bonus? Happy"

*Bitcoin drops another 20%*  -  "DCA, best choice ever."

*Bitcoin reaches the price floor, then rises slowly for months and months*  -  "Ah well, it was nice while it lasted, now I get to see every past buy appreciate"

[Betwrong]

~

That's a good advice actually. There's no doubt that Bitcoin will start rising at one point, and a new ATH will be reached, as it always happens. And since we can't know the BTC bottom for sure, starting buying when it's below $20k is a good idea. Not with all your money allocated for the investment, but maybe with 5% of it at a time. Wait a week, do it again. I'd say, you are very lucky if you manage to invest half of the allocated money at Bitcoin price below $30k.

Concidering that the price was at ATH last fall, which was near 70k, and also it has been between 45-60 for a long time last year and the beggining of this year, I believe that 20000 is a relly good chance to enter the market. Bitcoin shows growth in the long term perspective, this is undoubtable, that is why all the pessimistic scenarios about the crash to 0 look rediculous to me. I am sure BTC will be 100000 in the next 1.5 -2 years. That is why bying even at 30000 is a great opportunity, which far-sighted people won`t lose.

I agree, anything below $30k is already deep enough to start buying. But, as I suggested earlier, it's better to do it step by step. "Despacito" got almost 8 billion views not accidentally. Going slowly never hurts. Buying with all your money at once is hardly a wise move, but thinking that even $20k isn't low enough is greediness in my opinion.

[Note3]

*Bitcoin drops 10%*  -  "I'll wait for it to drop further"

*Bitcoin drops another 10%*  -  "it's going to drop more"

*Bitcoin drops another 10%*  -  "I'll finally buy at another 10% drop"

*Bitcoin drops another 10%*  -  "looks like it's going to drop further"

*Bitcoin drops another 20%*  -  "I'm not buying. bitcoin is dead"

*Bitcoin reaches the price floor, then rises slowly for months an months*  -  "I'll wait for the dip"



- repeat after every halving cycle -

And after that you will realize that you have lost an opportunity because BTC goes up and continues to rise, what you have to understand is that the price will not always go down and it won't always go up, don't think too wisely if you think you can guess the bottom correctly.

[Oasisman]

*Bitcoin drops 10%*  -  "I'll wait for it to drop further"

*Bitcoin drops another 10%*  -  "it's going to drop more"

*Bitcoin drops another 10%*  -  "I'll finally buy at another 10% drop"

*Bitcoin drops another 10%*  -  "looks like it's going to drop further"

*Bitcoin drops another 20%*  -  "I'm not buying. bitcoin is dead"

*Bitcoin reaches the price floor, then rises slowly for months an months*  -  "I'll wait for the dip"

- repeat after every halving cycle -

Not just for newbie. I knew someone who has been engaging into crypto not financially but just for discussions and speculations. But he's afraid of putting his money even to Btc.
He keeps missing the dip, coz everytime the market is experiencing a massive bearish run he automatically thought Bitcoin is dead.
So, you see. Bitcoin and crypto is not for everyone. Not all those who personally knew Bitcoin have invested and find a good opportunity during the dip. Not everyone who missed the dip is a newbie as well.

[Desmong]

The price of Bitcoin had fallen so drastically and now some persons still don't believe that the market is already at the dip. Many speculators still think that the market is going to go down more when the price had already fallen too dip. Actually we don't know where the market is heading to but I think the market is already at the dip and we need to buy now before everything go too bullish before our eyes.

[Ziskinberg]

The price of Bitcoin had fallen so drastically and now some persons still don't believe that the market is already at the dip. Many speculators still think that the market is going to go down more when the price had already fallen too dip. Actually we don't know where the market is heading to but I think the market is already at the dip and we need to buy now before everything go too bullish before our eyes.

And besides, you can't assume that was the bottom or we already reached it, perhaps nobody can tell as everything we have is just speculations and unreal. I'll go buying this time not because I taught we are at the bottom already but what I think is that someday the market will look good and bullish again, I just preparing myself and investing more while the price is cheap.
As to whether people think there is a bottom or not, many still miss their chance because of that ideology. It must be changed, though.

[AicecreaME]

*Bitcoin drops 10%*  -  "I'll wait for it to drop further"

*Bitcoin drops another 10%*  -  "it's going to drop more"

*Bitcoin drops another 10%*  -  "I'll finally buy at another 10% drop"

*Bitcoin drops another 10%*  -  "looks like it's going to drop further"

*Bitcoin drops another 20%*  -  "I'm not buying. bitcoin is dead"

*Bitcoin reaches the price floor, then rises slowly for months an months*  -  "I'll wait for the dip"



- repeat after every halving cycle -

This is why oftentimes, those people who want to invest in bitcoin miss their chance to actually invest. People are somewhat greedy and fearful at the same time. They want to profit but they are scared of losing. At the same time, they want to invest, but they want it to the lowest possible value they expect and predict bitcoin will have. However, the moment it reached and even go beyond their expectations, they become fearful instead of grabbing the opportunity. And when they missed, they will utter many what if's and feel tremendous regret later on.

This is why it's important not to only decide in investing because of the hype. Someone must b knowledgeable before making an investment. Entering in a good price position even if it's not the lowest possible point wiil still give you a profit over time most especially if you intend to invest for the long term.

[virasisog]

I have committed this kind of mistake when I was a newbie in Bitcoin investing. I was afraid to make a mistake not knowing that fearing the market is already a wrong decision. Most newbies go through this habit of waiting and missing the right opportunity to buy but as chances go by, we learn from these mistakes. We'll be able to notice that the bear season is already an open opportunity for everyone to buy and not wait further. If we'll always fear the market, we'll end up with regrets every time the prices recover.

[romero121]

Not the noobs, even the users who have been into the market for a longer time period does the same. Even when the price reaches low, people will look for further crash. This happens with users, for the reason to accumulate more if the market crashes. Most of the people doing this were the low volume holders who spend on investment sacrificing more funds allocated for life needs.

[bitzizzix]

I'm sure a lot of investors make purchases when the bitcoin price keeps dropping and when they buy it they assume it's the lowest price, but in reality the price keeps going down and down.
we never know and can't predict accurately how much bitcoin price will go down, and for me as long as i start buying bitcoin in a decline below 50% i won't regret it and if it continues to go down i will make gradual purchases where the bitcoin price continues to decline and looks stable. And continue like that until the price of bitcoin reverses direction and stops buying and holds it for the long term.

everyone has a different strategy, and as long as you go long term and buy when the bitcoin price drops or is discounted. Never fear or regret because the price of bitcoin will definitely go up again even if you have to wait a long time and that's for sure and now all you have to do is take advantage of the decline well and hold it for the long term.