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

[Ayers]

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.

If he don't want to use centralized exchanges then it's hard for him to do it so. He has to spend for some bots out there since I don't use them as it's with extra pay, it's better to do that buy limit.

The Bot will also not work in this case because as I said he wants complete decentralization but to use the Bot requires USDT and USDt is a centralized stablecoin.

I am just imagining how busy you are that you won’t have time to come online and check for the price of bitcoin whether it’s on dip at that time. I would have said you don’t really need the bitcoin or want to buy it, because if you prioritise it, you will create time for yourself to always check for the price from time to time in order to get to buy at a dip. A dip sometimes takes up to a week or more then, I just can’t fathom how you’re going to lose this opportunity to buy at dip when it comes around.

About bots or something to trigger the buy when it comes down to the price you want, I haven’t heard of that or think there’s anything like that existing currently. Although, you can always set up notifications on popular crypto websites to alert you when the price reaches a particular level you want to buy or can even set that up on centralised exchanges that you’ll be buying from.

You have a point, he could use an app like CMC and set up alerts; when the market fluctuates, it will notify him. It's puzzling that OP is so busy that she doesn't have time to check bitcoin prices.

You don't need a Bot if you use centralized exchanges like Binance then you can buy bitcoin at DIP price just using the "buy limit" feature. But this only works on CEX, DEX does not offer this feature and this is one of the many limitations of DEX.

[1715575686]

1715575686

[Learn Bitcoin]

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.

I am not going to use centralized exchanges to buy Bitcoin. I don't remember using them for such purposes. I always sell using centralized exchanges, and my funds stay there for a few minutes to an hour, sometimes a day max. Even though I use centralized exchanges, I never bought BTC from them because I don't want to hold my crypto on centralized exchanges. Their withdrawal fees are crazy, too.

All of my investments are savings from my signature earnings and salary. Signature campaign payment works like DCA, and I am very much okay with that. I also don't want to rely on the bots because it's a 3rd party program.

[michellee]

You can place a buy order at many low prices to fill your order immediately when the price decreases. You can buy Bitcoin on a centralized exchange for a while and then send the Bitcoin to your personal wallet. But if you don't have time to buy Bitcoin, you should wait until you have time and buy it straight away.

I would prefer to do that rather than use a third party bot. That's the same as me taking a risk with my money. Moreover, if you use a centralized exchange, the Bitcoin you buy will only temporarily stay on that centralized exchange. You don't need to store your Bitcoins on a centralized exchange.

Everything comes back to you. We all have free time, which we can use for other things, like investing in Bitcoin. If you really intend to buy Bitcoin, find a time that is suitable for you during your busy schedule.

[God bless u]

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.

That's really simple Nowadays. What you can do is go on the best exchanges. There you would see an option of auto buy fiat. When you will avail the option it'll ask you at what amount you want to buy the fiat and then at what amount you want to sell it.

Go on the Internet and see the predictions of the dump at what price the dump will end. For a safe site keep the fiat amount a little higher. Then it'll be automatically buyed you don't need to look again and again into the market What's the price now and blah blah.

[KiaKia]

OP, the feature you are looking for doesn't exist, the reason why people leave thousands of dollars on exchanges is for trading purposes, and they place their orders hoping to get filled hours later or weeks later, it's either you buy directly from a centralized exchange or not.

Even if such bots do exist, they are not always safe, they can be used to scam you or take over your computer, I don't like bots, they expose you to greater threats on your computer.

If you are scared of exchanges rug pull there is a solution, go with the top old crypto exchanges, like Binance, and deposit only the amount that you want to use to buy Bitcoin and wait for the orders to fill, even if you travel down to where there is no internet your orders will be filled by the time you get back home.

[Wexnident]

~

A price trigger bot would probably safer? I mean god knows what a bot can do mistakenly when it hits a specific alert. I know logic-wise it can be pretty simple but there are a lot of weird quirks out there that can result from a seemingly normal coded trigger that you made. Especially since the coins wouldn't be in a centralized exchange, so you wouldn't even be able to use any existing bots that the exchange uses that they might make that offer what you want.

In all honesty though, If you were looking to take advantage of dips you'd be doing it when you're actively looking at the market in person. Where you're suited to actively trading, and not when, well, outside. If you're pertaining to the general "buy the dip", then that's mostly for buying in the long term imo, and by then you'd just actively buy out by comparing the current price to the overall general trend for say, a month or a year. Like where we are right now, wouldn't exactly call it a dip if you were to compare it to a year ago.

[Blitzboy]

Happy about buying Bitcoin's dip? Smart. The finest deals occur when everyone panics.  I understand that you cant be everywhere at once. Automation helps. You’re not an idiot for asking - its a smart move. Imagine setting your target price and having your deal instantly executed. No intermediaries, no delays. You're in control.  Trust Bitcoin, guys. Long-term investment pays off. Smart, automated thinking lets you focus on greater deals.

[btc78]

The two ways I can think of that could help you buy in your target price is using trading bots but like a lot of people have said that is extremely risky. Just finding a safe and effective trading bot is hard as it is not to mention it would probably be very expensive.

There are telegram notifications I know that notify you when bitcoin reaches a certain price but telegram are prone to having scams and harmful links. Bottomline: there’s nothing safer than placing the order yourself when you see the market dip. It might be regretful but it’s the only way if you don’t want to install anything on your system.

[kryptqnick]

The dip is usually something that's actually around for a long time. I think it's not important to chase the very bottom because it's often visible only in hindsight anyway, and there's no need to be greedy. Looking at previous cases, Bitcoin cost around $4k for 4 months in a row in 2018-2019, and less than $10k for 4 months in a row in 2019 as well. More recently, the price was below $25k for over 7 months in a row in 2022.
I think several months is more than enough to invest, even with irregular attention to the market.

[tyz]

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

The concept of buying Bitcoin at the dip refers to purchasing the cryptocurrency when its price experiences a significant drop, with the expectation that it will rise again in the future. This strategy is based on the belief that Bitcoin's value will recover and potentially increase over time. However, the challenge is that nobody can say when a correction is really over (has reached its low) and also not that the price will rise again afterwards. All we can say is that it has always been like this in the past, but that is no guarantee that it will be like this in the future.  This leads to the question of whether it's possible to buy Bitcoin dips.

[CryptoHeadlineNews]

The best way of taking advantage of BTC dip when away is simply by setting a notification of the target price you intend to buy or sell your Bitcoin, and when the time reaches, you just rush to go swap your coin from BTC to USDT or vice-versa, since you said you are scared of using the "limit buy or sell order" on a centralized exchanges, which most times always happen to be the most effective, as it automate the whole process for you. But however, this is a  strategy for those who intend to do day-trading, whereas, people who intend to save their coin long term, do normally buy Bitcoin whenever there is a general news about Bitcoin dip, as they buy in large quantity and then sell whenever there is a massive bull.. (i.e vice versa continuously)

[Vincom]

The best way of taking advantage of BTC dip when away is simply by setting a notification of the target price you intend to buy or sell your Bitcoin, and when the time reaches, you just rush to go swap your coin from BTC to USDT or vice-versa, since you said you are scared of using the "limit buy or sell order" on a centralized exchanges, which most times always happen to be the most effective, as it automate the whole process for you. But however, this is a  strategy for those who intend to do day-trading, whereas, people who intend to save their coin long term, do normally buy Bitcoin whenever there is a general news about Bitcoin dip, as they buy in large quantity and then sell whenever there is a massive bull.. (i.e vice versa continuously)

I'm not too interested in how to buy BTC at the bottom because we have a lot of options whether using CEXs or OTC or P2P. What interests me is how we can identify the dip of BTC price. In the crypto winter, we have many consecutive bottoms, when some KOLs just concluded that we have the bottom of the whole crypto winter, then a few days later we have a new lower bottom. This creates a fear sentiment in the market and people often don't dare to buy BTC because they want to buy more BTC at a lower price.

I'm not good at technical analysis, I only have time and a fairly stable income, enough to buy BTC every week so I DCA BTC from the 12th month after the peak of BTC. I use Binance and it has an automatic DCA feature, I hardly had to do much work during the crypto winter, I also have a more comfortable mentality while still making a profit from this long-term investment strategy.

[Casdinyard]

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.

I'm not sure where you live, cause this method depends on whether you're able to access Binance, but they have this feature that allows you to buy bitcoin and other cryptocurrencies and stablecoins on a timed and scheduled basis, meaning you don't gotta open the app anymore, and the app itself will just take it from your wallet or your bank account. This is exceptionally good for people who are into DCA method, which means they always have to have the pulse on crypto regardless of how much bitcoin is at the moment cause this means they can just buy bitcoins without the need to open the app or be in the computer and access it.

Although I think this is a little too much especially for people who are wary of their security and their money's safety, cause when I tried this once I was scared shitless when I couldn't find out where the money was drafted lol.

And if you're looking to create a bot that would buy when it gets triggered to a certain price point, it's good enough but couldn't you just schedule your buys, which is an even more mindful and more secure way of getting a stake at bitcoin? Just my opinion though.

[Yukyzu]

The concept of buying Bitcoin at the dip refers to purchasing the cryptocurrency when its price experiences a significant drop, with the expectation that it will rise again in the future. This strategy is based on the belief that Bitcoin's value will recover and potentially increase over time. However, the challenge is that nobody can say when a correction is really over (has reached its low) and also not that the price will rise again afterwards. All we can say is that it has always been like this in the past, but that is no guarantee that it will be like this in the future.  This leads to the question of whether it's possible to buy Bitcoin dips.

Buying Bitcoin when the price is decreasing will be able to benefit us when the price increases again because we all believe that the price of Bitcoin will increase again even if there is a decline and we also have to be able to hold onto the assets we own so as not to sell them when the price is low. experience a decline in order to achieve the investment target that we are carrying out, if they believe that Bitcoin can experience an increase again after a decline, of course they will remain confident in continuing to buy it and hold it until it reaches the target price they set in order to make a profit.

[hZti]

The best way is to DCA and thats it.

[Synchronice]

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.

Do you use centralized exchanges or decentralized exchanges? If you use decentralized exchanges where you have to make P2P trade, then you can't automatically but Bitcoin during the DIP but if you use centralized exchanges like Binance, Coinbase, Kraken and so on, then you can open an order with the price that you wish, i.e. you can open an order, put price 50K and when Bitcoin falls at 50K USD, exchange will automatically buy Bitcoins for you on exchange account. But you have to be lucky when you set this kind of order because if you set 50K as a base and price is 50 0001 USD, then your order will not be fulfilled.

[Spaceman1000$]

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.

Well, you can use the DCA method to buy the dip, you just have to have a certain investment plan with a capital in place for let's say six months. There are trusted centralised exchange like Binance, because most of the possibilities of what you want can actually be done with bot using CEX. However your not an idiot, your just an investor looking for flexible method to suit your investment schedule, which is quite
 understandable.

[Marvell1]

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.

I am not going to use centralized exchanges to buy Bitcoin. I don't remember using them for such purposes. I always sell using centralized exchanges, and my funds stay there for a few minutes to an hour, sometimes a day max. Even though I use centralized exchanges, I never bought BTC from them because I don't want to hold my crypto on centralized exchanges. Their withdrawal fees are crazy, too.

All of my investments are savings from my signature earnings and salary. Signature campaign payment works like DCA, and I am very much okay with that. I also don't want to rely on the bots because it's a 3rd party program.

In short, you are not buying bitcoin on centralized exchanges because its withdrawal fees are too high for you, but you are still using centralized exchanges to sell bitcoin assets or cryptocurrency to receive fiat currency. You are still relying and relying on centralized exchanges.

I think there are many people like you, they are even secretly using centralized exchanges but always come here to slander centralized exchanges and say that they are not worth using. But in the end, they will still depend on centralized exchanges, we will still use them to a certain extent  .

[Yatsan]

If you have someone you can trust, by all means, then try contacting them to buy for you and tell them that you'd pay once you comeback on when you are again available. This is not to give them your private keys, they may store it on their wallet and just note the amount. If you don't have such friend they forget the dip and wait for your availability to invest. When it comes on dip, it won't be lasting for only a few seconds sometimes it would go for a week or longer and there's no need to rush given that the market won't recover in an instant. Always plan your entry and avoid FOMO to get rid of unwanted loss.

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.

Well, you can use the DCA method to buy the dip, you just have to have a certain investment plan with a capital in place for let's say six months. There are trusted centralised exchange like Binance, because most of the possibilities of what you want can actually be done with bot using CEX. However your not an idiot, your just an investor looking for flexible method to suit your investment schedule, which is quite
 understandable.

Well DCAs would really work such as placing a certain amount that would trigger your purchase in particular qith buy orders. If it would be bots then you are the one to do it or to pay someone to do it for you. However, by experience it would still be better to have your presence whenever there's a sudden deep 'coz the price is so unpredictable tht mighy fall lower than what you have expected qhich could either trigger your stoploss or eat up your margin.

[bettercrypto]

If the OP doesn't want centralized exchanges, his only option to buy bitcoin is to buy it on the Dex platform, and if he knows someone, they can make a transaction directly to the Electrum or Hardware wallet. This is the only option. see if way.

I just don't know if you have something else in mind that we don't know that only you know, and if so, let us know and share it with us. Unless someone pays you in Bitcoin, then in your centralized exchange it will be sent, right?