Another Bitcoin purchase for the dip.

[Odusko]

It is generally considered good to purchase Bitcoin when it is "on the dip," or when its price is lower than it has been previously. However, it is important to note that the price of Bitcoin can be volatile, and buying on the dip does not guarantee profits. Anyway OP, congrats on your new purchase. I hope it will be profitable for you in the future.

Exactly buying the dip doesn't mean the dip will not get dipper since bitcoin price is volatile, those who bought the dip when the price slid down from a $69,000 all-time high to somewhere around 40k where buying the dip but at the moment they are already at an above 15% lose.
Ops should focus more on long-term holding and since he is buying in small quantities his percentage effect on both market directions will be low unless otherwise, he decides to increase his purchasing capital to increase both chances of his percentages of both profits and losses. Ops should know that the present dip was once an all-time high so bitcoin price is a cycle that can be speculate.

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[maydna]

Congrats @OP. You have successfully bought bitcoins at the current lowest price. We hope that you can continue to buy bitcoins at the lowest price. But remember to use your money wisely to buy bitcoin because with the current bitcoin price, the price of bitcoin can go down even more, and that is another opportunity for you to buy some more. We are still given the opportunity for now, and you have used it well. This is an example of us taking advantage of every down moment in the market.

[Nrcewker]

I was able to buy Bitcoin of about $47 yesterday, which might seem little to most people but very great to me as my goal is to buy Bitcoin at every little opportunity that I have and it seems I'm achieving it greatly even buying it in the dip.



I HOPE WE ALL HAVE THE OPPORTUNITY TO BUY THE DIP AS WELL.

Amount doesn’t matter at all. The thing that matters is that, you have used the right time and took advantage and bought some Bitcoins. I am definitely confident that soon you will see your 47$ turns into 3 figures in the next year. Instead of panicking, everyone should learn from you, when to buy the coins and when to not. Nevertheless anyone buying Bitcoins under 20k usd are lucky, as when Bitcoins will start rising they will definitely get more than 50% of their investment. Let’s hope for the best.

[avikz]

What OP is doing, is advisable for all investors if you have a long term outlook. Bitcoin market occassionally provides such opportunity to score more bitcoins at low price points. If you are able to identify and act on it, you will be able to effectively average out the buying price.

No matter what amount you are buying, the important part is that you are buying low. The upside potential is really significant!

[QueenVera]

This Bitcoin journey has been an amazing one for me ever since after joining this amazing forum and also after my first Bitcoin purchase.

Just keep buying as you'll be one of the people been called lucky when Bitcoin reaches a new all time high. People are shying away from buying Bitcoin now that the price is low because of fear that it could fall lower. What they dont realized is that now is the best time.
Don't over buy though unless you have long term plans of holding for years. The price could dip anytime and mightn't recover for something so it you have short term plans, don't over buy instead continue buying in small amouuas you're doing.
As you buy also remember to store them in a safe wallet that isn't centralized but decentralized and you own your private key as any Bitcoin that you don't do such is fake and can vanish at any given time.

[Antonas1]

I see no point for @OP creating such kind thread especially Bitcoin isn't really in huge dump or crash situation, the price just decrease for around 2% in the last 7 days. -snip-

I no longer find it too important or attractive because simply as an investor, it is very normal for us to focus on accumulating bitcoin. This topic is really nothing to discuss, it's not as engaging as when he first bought bitcoin.

Agree with you both. If everyone in this forum posted their Bitcoin purchases every day or every 5 days, maybe this forum would be full of stuff that doesn't need opinions. What can we say other than congratulations and advice to keep it up? Don't mean to offend the OP, but I don't think this motivates anything, because almost everyone has done it.

[ajiz138]

Buying with the amount you have doesn't matter even if it's small, the most important thing is when there is an opportunity and you have it, then buy without having to think about it because all of that is for long-term HODL.
Don't look at others because you buy bigger, but you have taken advantage of the opportunities that you have, just like me, who will continue to get Bitcoin with my ability, if all of that has become comfortable, then it will be better for the future.
Continue to do what you can, don't look back, we will look much better in the future with bitcoin.

[panganib999]

Good job for you. You would find that the biggest opportunities in this industry is made and happens during dips and bear seasons. You making the most out of this bear market is a good thing, because the market will not propel upwards by itself. It needs people to support and believe and ultimately build in it, and you are doing your part. I share the same hope with you OP that all of us be able to take advantage of buying more bitcoins now that it is at a very friendly price, with so much upturn potential.

[Leviathan.007]

I HOPE WE ALL HAVE THE OPPORTUNITY TO BUY THE DIP AS WELL.

That's good for you and I'm happy to see you buying bitcoin in this situation even with this small amount, hope you are able to buy more bitcoins in the future with higher amounts and even cheaper prices.
You are lucky that you enter the market the market is in a bear phase and the price is getting lower every day which can give good chance for the new people who enter the market, even with a few amount of money because by aiming longterm you can have good profits even with this amount.

[Ebede]

I am very happy to see your interest in Bitcoin. I think Bitcoin is a good invest for both short term investment and long term investment. There is no loss in investing in Bitcoin. Profit is guaranteed if you have patience. Great discounts are going on the crypto market now. I think, we should buy now for the next bull run.

Bitcoin is very important something that I know that since it is used as many people has been adopting it from one year to another year and you said all of it to be something that we reduce in value it continues to increase and have more influence over people and another way around I understand that why the market of Bitcoin is falling this turnaround it is because did the Mayans who demands for bitcoin is no longer much in the market

[dlightag]

This is a business that gives profitable as long you're long term holding investment, base on the current price of Bitcoin, is very good to purchase more of BTC at this dip.

[Jody.Drummer]

As long as you have extra money to buy then doing it is a good thing that you are doing especially now that you are in good enough shape to continue buying.
But indeed in this case you also have to be patient because this will definitely take time and what you are doing is actually very correct because this is indeed the best thing to do.
It doesn't matter if you buy whatever it is and whenever the decline occurs, that's a good thing.

[Ryu_Ar1]

Very good and this is what should be done because buying now at a sizable discount is of course a very good thing to do.
What you did was right and I also always do this by setting aside $ 20 for each week to add to the portfolio that I have.
Regardless of the price or Bearish which is currently ongoing and there are still many who say it will continue to fall to $ 10-13k I don't really care about that because for me as long as the current price has not touched $ 30k then this is when I will continue to buy wherever it is its every week.

[Slow death]

I know that most people don't even try to do technical or fundamental analysis before buying, that's because most people buy in the belief that since the price is very low, then if they buy the price will go up a lot and with that they will get a lot of profit, but the problem with this thought is that nothing guarantees that the price will go up a lot in the future, it may be that the price drops a lot and does not go up much for long and long years and the person can run the risk of staying 5 or 7 years just waiting for the price to recover, and then you will have to wait for more years waiting for the price to go up a lot to make a profit

By that I mean that it is more prudent for people to try to do some analysis to see if there is a trend reversal from high to low before buying bitcoin, and not creating high confidence that the price will always go up even if years pass, so it might not happen either, OP I hope your strategy yields profits in the future

[carlfebz2]

As long as you have extra money to buy then doing it is a good thing that you are doing especially now that you are in good enough shape to continue buying.
But indeed in this case you also have to be patient because this will definitely take time and what you are doing is actually very correct because this is indeed the best thing to do.
It doesn't matter if you buy whatever it is and whenever the decline occurs, that's a good thing.

Extra money or those funds which you can afford to lose which you should really make use when it comes to investment not only limited on crypto but also in other investment as well which it is really that
important if we do talk or speak about on those funds which you can really afford if ever things turns out to be mess.

Buying on the dips is what we are trying out to do and this market conditions or situations doesnt really come often but people are instead getting afraid on taking up such step
on making some investment but eventually this is the perfect time on doing so but of course not all could really take up such step or risk taking.

[Mate2237]

I HOPE WE ALL HAVE THE OPPORTUNITY TO BUY THE DIP AS WELL.

Congrats for buying bitcoin in the dip because it is not everyone has the liver to buy BTC at this bottomless bear market. The opportunity to buy BTC is always there even in the bull market people can buy it. And not everyone that buys announced it here. If everyone that buys it announced it here then this would have been a place of spamming of Purchases of bitcoin. A day thousands of threads would been created. Mind you, make sure you Know the risk involve...

[BitDane]

I know that most people don't even try to do technical or fundamental analysis before buying, that's because most people buy in the belief that since the price is very low, then if they buy the price will go up a lot and with that they will get a lot of profit, but the problem with this thought is that nothing guarantees that the price will go up a lot in the future, it may be that the price drops a lot and does not go up much for long and long years and the person can run the risk of staying 5 or 7 years just waiting for the price to recover, and then you will have to wait for more years waiting for the price to go up a lot to make a profit

True TA and FA for Bitcoin is too insane to understand so normal people are just looking at the chart and check cycles.  Now that Bitcoin 4 year cycle isn't a mystery, most people who buy bitcoin don't have to do TA calculation and besides, Bitcoin fundamental is somehow established so yeah, looking at the chart can do and check where is Bitcoin price at the moment.

By that I mean that it is more prudent for people to try to do some analysis to see if there is a trend reversal from high to low before buying bitcoin, and not creating high confidence that the price will always go up even if years pass, so it might not happen either, OP I hope your strategy yields profits in the future

If one is holding Bitcoin for a long term, buying at its dip does not need any indepth calculation.  Considering the current market, many people thinks that just by holding BTC until 2025 can bring them profit in reference of the Bitcoin halving and 4 year cycle.

[KennyR]

For now it is good to invest/buy bitcoin. The price that was above $17k have fallen down to $16500. Rather than looking for the bottom one can start DCA which will help us to have our bitcoin at the best price than missing chances. Whenever the market drops down it is good to invest. This won't be followed by every user, but they intend to invest/buy when the Market begins to move bullish.

[Jody.Drummer]

As long as you have extra money to buy then doing it is a good thing that you are doing especially now that you are in good enough shape to continue buying.
But indeed in this case you also have to be patient because this will definitely take time and what you are doing is actually very correct because this is indeed the best thing to do.
It doesn't matter if you buy whatever it is and whenever the decline occurs, that's a good thing.

Extra money or those funds which you can afford to lose which you should really make use when it comes to investment not only limited on crypto but also in other investment as well which it is really that
important if we do talk or speak about on those funds which you can really afford if ever things turns out to be mess.

Buying on the dips is what we are trying out to do and this market conditions or situations doesnt really come often but people are instead getting afraid on taking up such step
on making some investment but eventually this is the perfect time on doing so but of course not all could really take up such step or risk taking.

Indeed in this case it is true, but when the context is in bitcontalk it is clear that of course Crypto which will be the main goal in particular is bitcoin of course. And I would still recommend being here even though this might indeed go back to each other's choices but of course suggesting is not wrong.

Fear is a natural thing, especially for those who are always panicking about something, but this only happens to some people, especially new people, because their fear is based on a purchase that was previously at a high enough price so they are afraid to buy again, which makes them falter.
Even if you are not too sure they shouldn't be here because as you said, we must be prepared to lose to be truly sure of the choices we make.

[skarais]

For now it is good to invest/buy bitcoin. The price that was above $17k have fallen down to $16500. Rather than looking for the bottom one can start DCA which will help us to have our bitcoin at the best price than missing chances. Whenever the market drops down it is good to invest. This won't be followed by every user, but they intend to invest/buy when the Market begins to move bullish.

Buying on the dips is a good strategy for investing and trading in hopes of profiting from short-term as well as long-term volatility. Many experienced traders and investors have adopted this strategy and of course they have made quite a profit. So of course this strategy has been advocated and recommended quite a lot to everyone, including beginners. But if you're still worried about the continued decline, then DCA is a great combination.