What is a best way of taking advantage of BTC dips when away?

[FirmWars]

Call me an idiot, I don't care but I believe that this question deserves some answer.

I have been hearing about the importance of buying Bitcoin at the dip and something good strikes my heart.

What if I can't be available when Bitcoin is dumping? What if I am away because in reality I am always busy, you can tell how epileptic my activeness on this forum have become.

Is there anyway to buy Bitcoin dips when I am not available? So this come to my mind straight away.

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

Don't tell me to use a centralized exchange, been not active in crypto space means that a centralized exchange can collapse before you come back, I want something in my control.

If you have a better option, don't hesitate to share.

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[Frankolala]

You don't need to be on the forum before you can know the price of bitcoin. You can get the price of bitcoin from the internet, as long as you are not where you don't have access to the internet. If you are planning to buy at the dip, you can be saving for that, and when the dip comes, you take advantage of it and you that money that you have saved to buy.

If you don't want to use CEX p2p, you can use DEX. But to put it straight to you, if you want to use centralized exchange, after buying through p2p you need to transfer your coins to a noncustodial wallet like electrum, blue wallet or sparrow wallet , where only you have access to your private keys, instead of leaving it in the exchange.

[Solosanz]

You can use Bisq because you can sell at any exact price you want, I don't think there are no KYC P2P have buy order feature, both seller and buyer need to be available.

Bisq is a decentralized exchange, so technically it's under your control. The cons in Bisq is the rate, even you see the current Bitcoin price in many sites is $68K, but in Bisq it could be still at $70K due to low volume.

For alternative you can use bot that will send a notification on your email/telegram/sms https://cryptocurrencyalerting.com/bot/telegram

Then you send your coins to CEX, if you want to get the best rate.

[Zaguru12]

I like the fact that you don’t want the idea of centralized exchanges avoiding to store your coins on them is the best security step to take. Now the same bot you want is similar to this centralized exchanges because they need to hold your coins to buy the dip for you, I will strongly advise against it if there is something like that at all. Last time I heard Solana chain had it and when it got hacked people lost their funds on it.

I don’t know if there is something like an alarm reminder for certain price that you can set on platforms like coincegkco or coinmarketcap. The one I know of is the alert system used by traders on trading view and even that isn’t that useful if you’re not so active.

My advice is don’t wait for certain price just dedicate time like weekly, bi-weekly or monthly and just buy bitcoin at those time, it is way safer and better than any bot.

[I_Anime]

The truth is that timing the market is not an easy one because cannot actually tell what is going to happen next. That why most time we have been advised to continue buying with DCA strategy. Which is buying at different price interval either when the price is high or low and one can fixed his DCA monthly or weekly, just to avoid any scenario of missing out .

Even when you set some kind of buying limit, what if market endup not reaching the price you set or even went dipper before surging in price . So we can't predict it , so I will give you same advice just continue with your DCAing , in buying at different time interval, and you might even endup buying the dip still. Using a cex account not actually bad because one may choose to gather some good amount of Bitcoin before transferring to a noncustodial wallet, due to fees.

[hd49728]

When you use a trading bot, there is risk of API key leak, hack and you will lose your money.

I feel normal to use Price alert bot and prepare my stable coin, when it's on time, I can deposit it to a centralized exchange and buy a dip. I probably won't best (cheapest) price but still good price around a dip.

Report: how cybercriminals abuse API keys to steal millions

[boyptc]

Call me an idiot, I don't care but I believe that this question deserves some answer.

I have been hearing about the importance of buying Bitcoin at the dip and something good strikes my heart.

What if I can't be available when Bitcoin is dumping? What if I am away because in reality I am always busy, you can tell how epileptic my activeness on this forum have become.

Is there anyway to buy Bitcoin dips when I am not available? So this come to my mind straight away.

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

Don't tell me to use a centralized exchange, been not active in crypto space means that a centralized exchange can collapse before you come back, I want something in my control.

If you have a better option, don't hesitate to share.

Exchanges have buying orders and you are free to set the price of how much you want to buy and once the actual market price goes down, then for sure that your low price will be hit once it passes there or gets close to it.

You don't need a bot for that because that feature is in most exchanges. That's why that money you'll use in buying bot can be just added to your capital.

[Ayers]

Call me an idiot, I don't care but I believe that this question deserves some answer.

I have been hearing about the importance of buying Bitcoin at the dip and something good strikes my heart.

What if I can't be available when Bitcoin is dumping? What if I am away because in reality I am always busy, you can tell how epileptic my activeness on this forum have become.

Is there anyway to buy Bitcoin dips when I am not available? So this come to my mind straight away.

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

Don't tell me to use a centralized exchange, been not active in crypto space means that a centralized exchange can collapse before you come back, I want something in my control.

If you have a better option, don't hesitate to share.

Exchanges have buying orders and you are free to set the price of how much you want to buy and once the actual market price goes down, then for sure that your low price will be hit once it passes there or gets close to it.

You don't need a bot for that because that feature is in most exchanges. That's why that money you'll use in buying bot can be just added to your capital.

What you are suggesting to the OP is called a "buy limit" and you can place a buy order at the price you predict bitcoin will reach. But the problem here is that OP doesn't want to use centralized exchanges and unfortunately only centralized exchanges provide this feature. As far as I know, no decentralized exchange offers this feature.

But what I also wonder is using Bot means we need to have USDT in our wallet and OP said he hates centralization but meanwhile USDT is also a centralized altcoin. So what the OP asked for is very difficult to meet.

[Belarge]

Exchanges have buying orders and you are free to set the price of how much you want to buy and once the actual market price goes down, then for sure that your low price will be hit once it passes there or gets close to it.

You don't need a bot for that because that feature is in most exchanges. That's why that money you'll use in buying bot can be just added to your capital.

Bitcoin have broad path and having good entries will definitely take time, we should thoroughly require good positioning in the market. Our initial capital will bring losses and profits, it's all originates from the partial strategies generated. We have bots that are capable and positioned to trigger our orders without having any significant differences. You're absolutely right, exchanges and brokers have buying and selling orders, it's one of the good features and have enabled most traders to have solid ground in the market.

[mk4]

Why do you need some bot? You can simply just set up limit orders on exchanges so your exchange account automatically buys when BTC's price reaches a certain price. Most half-decent centralized exchanges have a limit order feature; unless you're trading P2P.

[dunfida]

Call me an idiot, I don't care but I believe that this question deserves some answer.

I have been hearing about the importance of buying Bitcoin at the dip and something good strikes my heart.

What if I can't be available when Bitcoin is dumping? What if I am away because in reality I am always busy, you can tell how epileptic my activeness on this forum have become.

Is there anyway to buy Bitcoin dips when I am not available? So this come to my mind straight away.

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

Don't tell me to use a centralized exchange, been not active in crypto space means that a centralized exchange can collapse before you come back, I want something in my control.

If you have a better option, don't hesitate to share.

You could really have these options.

Since you dont like on leaving your coins in exchange platforms then the only thing you could really be able to make yourself aware when Bitcoin dips is that you could really be having those alerts.
You could set up even on those exchange apps on where they are really that giving some alerts where there's a significant drop or rise of price on which since you are always with your mobile
phone then you could always opt to buy when it dips. This is why it would really be just that depending on you on how  you would really be doing such actions.

For me it would really be that more convenient if you have set a buy order on a specific price point that you do like. Whenever you are away then those positions would execute.
It would really be that too convenient on making use of exchange platform.

[Learn Bitcoin]

Why do you need some bot? You can simply just set up limit orders on exchanges so your exchange account automatically buys when BTC's price reaches a certain price. Most half-decent centralized exchanges have a limit order feature; unless you're trading P2P.

However, he also mentioned in his post that he does not want to use any centralized exchanges because a centralized exchange can shut down before he comes back. I don't really see any other options, probably because I haven't heard anything like that before.

@OP, I don't understand why you are looking for a bot when you do not want to use a centralized exchange. You should not use any 3rd party apps or bots and you should not give them access to your wallet. When you are AFK, just enjoy the time. There will be more dips in the future, so get ready for that.

[Rabbitqt]

Call me an idiot, I don't care but I believe that this question deserves some answer.

I have been hearing about the importance of buying Bitcoin at the dip and something good strikes my heart.

What if I can't be available when Bitcoin is dumping? What if I am away because in reality I am always busy, you can tell how epileptic my activeness on this forum have become.

Is there anyway to buy Bitcoin dips when I am not available? So this come to my mind straight away.

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

Don't tell me to use a centralized exchange, been not active in crypto space means that a centralized exchange can collapse before you come back, I want something in my control.

If you have a better option, don't hesitate to share.

To create the bot, you'll need the API of a centralized exchange so that you're able to place your buy orders. Then, you could create a script to transfer the bitcoin from the exchange to a wallet under your control.

Alternatively, you could set up triggers on TradingView and manually purchase the BTC from an exchange, then send it to your wallet. Either way, you'll be using an exchange unless you're willing to risk offline deals or use Bitcoin ATMs.

[Ultegra134]

Why do you need some bot? You can simply just set up limit orders on exchanges so your exchange account automatically buys when BTC's price reaches a certain price. Most half-decent centralized exchanges have a limit order feature; unless you're trading P2P.

This is exactly your solution. You don't need to overcomplicate things, especially if you're using centralized exchanges. I've also missed some opportunities because I was asleep, at work, or simply couldn't access my phone, and I could have prevented it had I used a limit order. Still, that isn't as good as being present when the dip occurs because your limit order might still be too high and you end up purchasing at a higher price, but at least it'll save you the trouble of completely missing out.

You sound a little too paranoid, claiming that CEX may have collapsed by the moment you return. It's a bit ironic when you claim that you'd use a bot to trade for yourself. Another user mentioned using alerts, but that doesn't guarantee anything. What if you don't have internet access at the moment, or access to a phone or computer, or because you're simply sleeping? Although the idea doesn't sound bad, I don't think it's always applicable.

[mk4]

However, he also mentioned in his post that he does not want to use any centralized exchanges because a centralized exchange can shut down before he comes back. I don't really see any other options, probably because I haven't heard anything like that before.

@OP, I don't understand why you are looking for a bot when you do not want to use a centralized exchange. You should not use any 3rd party apps or bots and you should not give them access to your wallet. When you are AFK, just enjoy the time. There will be more dips in the future, so get ready for that.

Well yea, because there isn't any other solution. I don't think you can really automate a P2P buy without having things break on you every time knowing how much things can potentially break(and potentially lose money) when automating a peer-to-peer transaction that includes interacting with another person using a bank account.

And yes, centralized exchanges do collapse from time to time, but the chances of you getting screwed over are very low if you're just setting up offers for a long weekend or something; also take note that I'm pretty sure you're not setting up weekend buy offers with a huge chunk of your net worth.

[gunhell16]

Call me an idiot, I don't care but I believe that this question deserves some answer.

I have been hearing about the importance of buying Bitcoin at the dip and something good strikes my heart.

What if I can't be available when Bitcoin is dumping? What if I am away because in reality I am always busy, you can tell how epileptic my activeness on this forum have become.

Is there anyway to buy Bitcoin dips when I am not available? So this come to my mind straight away.

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

Don't tell me to use a centralized exchange, been not active in crypto space means that a centralized exchange can collapse before you come back, I want something in my control.

If you have a better option, don't hesitate to share.

If you really want something that you are in control of, there are only two options I can see, that is to use Dex or buy a hardware wallet. Now, if you want to buy Bitcoin you
can still do your own research.

But I have something to give you that may have already been given by one of the commenters here in this section. https://bisq.network/ as far as I know,
registration and kyc are not required there but you can make a transaction, just double check dude.

[pinggoki]

If you see that the price of bitcoin dips more than ever compared to it's price last day then you might want to consider buying, basically you're just still doing DCA but the only difference is that the lower it gets, you're buying more in relation to how low it is currently and how fast it goes down. The only way that you can take advantage of dips is when you've got a lot of money so you get more bang for your buck with your bitcoin. Just remember the adage, buy low, sell high and you're good to go. Regarding bots that buy in dips, it's probably been done with the same trading bots already, just need to configure it so you can buy when the price is going down.

[PrivacyG]

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

I would refrain from doing this.  There are a few bots that supposedly work properly, but then there are a LOT of bots that end up either scamming you out or messing you up.

A bot is a bot.  There are actions that may be triggered in error.  This could end you up with a lot of money spent on something you did not want to buy.  And who knows.  While you are sleeping something insanely bad may happen to Bitcoin, every body is selling for real for the first time and you are the only one spending your money on a Cryptocurrency that is falling down bad.

You do what ever you want.  But I would not trust a bot with my money and particularly with my Bitcoin holdings.

[legendbtc]

Call me an idiot, I don't care but I believe that this question deserves some answer.

I have been hearing about the importance of buying Bitcoin at the dip and something good strikes my heart.

What if I can't be available when Bitcoin is dumping? What if I am away because in reality I am always busy, you can tell how epileptic my activeness on this forum have become.

Is there anyway to buy Bitcoin dips when I am not available? So this come to my mind straight away.

A bitcoin buy the dip bot, that can trigger a certain price when I am away, is this possible?

Don't tell me to use a centralized exchange, been not active in crypto space means that a centralized exchange can collapse before you come back, I want something in my control.

If you have a better option, don't hesitate to share.

If you really want something that you are in control of, there are only two options I can see, that is to use Dex or buy a hardware wallet. Now, if you want to buy Bitcoin you
can still do your own research.

But I have something to give you that may have already been given by one of the commenters here in this section. https://bisq.network/ as far as I know,
registration and kyc are not required there but you can make a transaction, just double check dude.

But what OP wants to ask is is there any way he can buy bitcoin at a low price every time the market corrects and he's not there? And your suggestion that this bisp decentralized exchange can meet OP's requirement? I don't use Bisp often but if I remember correctly it doesn't have the feature the OP is asking for. The feature OP wants to ask about only works on centralized exchanges but he doesn't want to use centralized exchanges. And this shows that DEX only ensures our privacy, otherwise it has too many disadvantages compared to CEX.

[m2017]

~snip

You can only miss the bitcoin drop and a bargain at this moment if you are traveling in the Amazon jungle, where there is no electricity or internet. It is impossible to imagine the life of a modern person without constantly having a phone with the internet in his pocket. So take advantage of this and buy bitcoin from your phone. What problems might there be? This can be done outside of centralized exchanges. There are plenty of services that allow you to do this.

In fact, the moment of falling is not one single moment per cycle. There will be many moments that are profitable for buying, and I am sure that one of them will be caught and the difference from the maximum drop will differ by several percent.

When investing, I would not trust the purchase to bots, because if a failure occurs, you will strongly wish for this intention. It's best to do this manually.