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Ale88
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April 14, 2024, 04:19:48 PM
 #21

The BUT here is how people get so weak after the dips finally happen and they do nothing, Wake the hell up, now it's happening right in front of your eye, do not sleep on it.
It's because people don't have a clear plan. They are waiting for the dip, then the dip happens, and they start wondering whether buying now or waiting because maybe it could go down even more, and at the end what does it happen? Nothing, they do nothing. If you have the liquidity just place your orders and forget about them.

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April 14, 2024, 04:34:28 PM
 #22

Well, it is always easy to talk than to act. Reminds me of people who are blaming early investors for selling too early but cannot buy during a big dip. I do get the idea of how circumstances play a role in the lives of investors such that there will be time you'd be worried of losing whoch also scares you to engage into it. Well, it is really a valid thing to hesitate but this should end the idea as well of either selling or buying earlier than what's ideal simply because the market itself is unpredictable. Imagine assuming that the dip will already be the last but the market keeps on falling when you happened to sten in that margin. We are not even required to embrace that much of a risk if we don't really feel like. Wait for more if that would be better on your end and just avoid FOMO to not escalate the problem. Problem is with people wishing to maximize the profit by more engagements into it.

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April 14, 2024, 04:44:28 PM
 #23

Some people would barely get satisfied. Those who keep asking for something will start asking for more when they get that thing, something similar always happens in the cryptocurrency market. You will see people saying that they will buy if there is a dip, they would have been filling their bag if the price was on x point, etc., but as soon as the price reaches that point, you will see them having different thoughts, asking or looking for a lower price now, such hypocrisy if you ask me.

I saw people predicting and being optimistic about Bitcoin going to $50k after the recent dip, the same people were hoping it goes to $60k so that they can buy more before the bull run but their words have changed so did their plans.

Everything is temporary, but the confusion among some Bitcoin investors about when they should buy is permanent.  Grin

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April 14, 2024, 04:54:25 PM
 #24

Everyone claimed that they wanted the dips, every friends I knew have been screaming about Bitcoin dips for weeks now.

Finally it's happening, are you buying already? Because I asked three friends via WhatsApp and they wanted more dips.


People that crying for dip is always scared on buying whenever there’s a price movement regardless of upward or downward movement. They are crying for dip because they are scared to purchase when the price is increasing which they do too when the price id dipping. People like this usually purchased when Bitcoin is on top because the only thing that will push them to buy out of fear is the hype.

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It seems that the Iran Israel conflict is affecting the price of Bitcoin but also do not forget that every bullrun has ever has a 30% plus drops on the way up, its obvious if you are good at reading charts.

Bitcoin halving is already around the corner. I think the war intensifies the bearish move which frequently happened when halving is already near to occur then price will pump after the event when weak hands shake off.

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April 14, 2024, 04:58:20 PM
 #25

There are many who will wait for the dip to get deeper before they start buying and they might miss the current prices only because of this. As you said, the ones who start doing DCA at this point will benefit a lot from the dip because we are not sure whether we will see it going further down or not and if we don't buy and it starts going up again, we will miss the opportunity that we have got either because of the conflict or any other reason unknown to us.
 
Investors who thought it wouldn't go down anymore and bought Bitcoin and other assets when Bitcoin was around $70k will regret their decisions now other than the ones who were doing DCA even then because in that case, they must still have money left behind that they can use to buy the dip and continue with their DCAing.

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April 14, 2024, 05:31:12 PM
Last edit: April 14, 2024, 11:51:09 PM by sokani
 #26

Everyone claimed that they wanted the dips, every friends I knew have been screaming about Bitcoin dips for weeks now.

<snip>

It's all part of the game, so very normal.

The BUT here is how people get so weak after the dips finally happen and they do nothing, Wake the hell up, now it's happening right in front of your eye, do not sleep on it.

Instead of doing nothing, consider DCA.


Apparently, people like building castles in the air but when presented with an opportunity, they allow it slip through their fingers. I never for once thought the price of Bitcoin could deep to $61k before halving, but it did and now it's back up to $64k. People shouldn't hope for another deep because they may not get one, a good investor will always see the deep as a perfect opportunity to fill his bag and hodl.
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April 14, 2024, 08:03:00 PM
 #27

The BUT here is how people get so weak after the dips finally happen and they do nothing...
But of course, you don't expect those who see Bitcoin as a shortcut to escaping poverty to have that strength of character to buy in when they see any sharp fall. These ones aren't real investors, they're only seeking a way out to multiply their money if invested. For me, this crash is supposed to be an energizer for buying. Whatever that's responsible for the crash isn't supposed to be a thing to scare anyone from buying. It's an external issue and not issues arising from Bitcoin specifically. Those who still have funds not tied to one project or another should find what's happening in the market now a wake up call to buy more.

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April 14, 2024, 08:39:08 PM
 #28

It seems that the Iran Israel conflict is affecting the price of Bitcoin but also do not forget that every bullrun has ever has a 30% plus drops on the way up, its obvious if you are good at reading charts.
Nah, I don't see it that's the effect of the conflict of Iran and Israel. If there is, then it's because some army there or their government withdrew money to buy arms? or whales from the affected countries have withdrawn because of the conflict? no.

The BUT here is how people get so weak after the dips finally happen and they do nothing, Wake the hell up, now it's happening right in front of your eye, do not sleep on it.

Instead of doing nothing, consider DCA.

I agree, DCA while you can and take every dip as an opportunity to buy because you'll not see it again once we enter the bull run.

But we might see it after it but it's going to be during the bear market and you'd consider these prices that are still quite expensive before you buy so, DCA.

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April 14, 2024, 09:09:56 PM
 #29

Reading the OP, I remembered a chat someone posted yesterday of a newbie asking the person whom introduced them to bitcoin to refund their money back because the market is dumping. Many new investors cannot deal with the losses that exist in the market, I call them delusional investors. They have such high expectations for their returns on their investments and refuse to accept that the market can go sideways. A common problem with these investors is that they are short term holders, they are not interested in hodling for more than a 5month period.

No matter the price of Bitcoin, still there are those who will sit on the sidelines and tell themselves that they are waiting for the right time to buy. There is no right time to buy. Buy as much as you can afford and hodl.

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April 14, 2024, 09:15:23 PM
 #30

Bitcoin was dipping around $60K. Are your friends still looking for more dips? I don't think there will be more dips unless Iran and Israel continue the war. Because halving is too near, and after halving, there would be significant movements. Also, Hong Kong would approve an ETF that would drive Bitcoin up. During the dip, altcoin was more dip. So I accumulated some altcoins at that time since I was also holding a small amount of bitcoin. 

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April 14, 2024, 09:39:48 PM
 #31

Finally it's happening, are you buying already? Because I asked three friends via WhatsApp and they wanted more dips.
People that want more dip are not really ready to buy the dip, they just keep on saying they want dip, no matter how bitcoin dip, when you contact them and ask them if they already bought, they will say they want more dip. Their are some set of people that do say they want to invest in bitcoin, but from their action, it’s obvious that they are not really planning to invest. If you think you can buy bitcoin at the lowest price, then it’s not going to be possible, the best thing is just for you to plan yourself, do your research and know when to invest. But what I notice is that, most people are always scared to invest when they are actually suppose to invest.

When their is a dip, people do end up panicking and they won’t invest, but when a coin bounces back, that’s when they will start buying, the dip is suppose to be for accumulating coins.

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April 14, 2024, 09:49:57 PM
 #32

Everyone claimed that they wanted the dips, every friends I knew have been screaming about Bitcoin dips for weeks now.

Finally it's happening, are you buying already? Because I asked three friends via WhatsApp and they wanted more dips.

It seems that the Iran Israel conflict is affecting the price of Bitcoin but also do not forget that every bullrun has ever has a 30% plus drops on the way up, its obvious if you are good at reading charts.

It's all part of the game, so very normal.

The BUT here is how people get so weak after the dips finally happen and they do nothing, Wake the hell up, now it's happening right in front of your eye, do not sleep on it.

Instead of doing nothing, consider DCA.


I agree. Although I expect another correction on the 4 hour chart, down to the 55k support, if we go below 61k again. I have put in a stop-loss buy @65k, in case this is a bear trap. But the probability of making a profit from another daily red candle is quite high, from my perspective. We have been waiting on a correction too long, so this dip might have a bit more dip in it, especially with the Iran-Israel scare. (Although I find holding Bitcoin is more safe than fiat or gold, in the event of a third world war)

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April 14, 2024, 09:58:49 PM
 #33

Lots of investors are still waiting for a lower entry point.

It might be pressuring so it is important to keep a clear head. All these screams about buying now might make an investor panic and do something out of impulse.

Stick with your plan but learn how to assess a situation and adapt into it accordingly instead of jumping right into it.


The current price dips is already a big opportunity to enter the market for newbies, but it would be more attractive if the price would drop even more so that even old investors will continue to DCA and create a maximum purchase. However, those who are new in the market and have bought bitcoin when the price is quite high must be real panicking at this moment but knowing this is just temporary so they should not feel highly pressured now because it would only push them to create wrong decision that they might only regret later on.

Just buy and hold. Stick with your plan so you can finally achieve your goal while the current market condition is giving you huge opportunity to make it happen.

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April 14, 2024, 10:16:25 PM
 #34

Lots of investors are still waiting for a lower entry point.

It might be pressuring so it is important to keep a clear head. All these screams about buying now might make an investor panic and do something out of impulse.

Stick with your plan but learn how to assess a situation and adapt into it accordingly instead of jumping right into it.


The current price dips is already a big opportunity to enter the market for newbies, but it would be more attractive if the price would drop even more so that even old investors will continue to DCA and create a maximum purchase. However, those who are new in the market and have bought bitcoin when the price is quite high must be real panicking at this moment but knowing this is just temporary so they should not feel highly pressured now because it would only push them to create wrong decision that they might only regret later on.

Just buy and hold. Stick with your plan so you can finally achieve your goal while the current market condition is giving you huge opportunity to make it happen.

I see what happens on Monday. But I can get a few thousand dollars worth in staggered buys if I chose to.

Maybe 61, 59, 57 if they come up.

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April 14, 2024, 10:54:17 PM
 #35

Everyone claimed that they wanted the dips, every friends I knew have been screaming about Bitcoin dips for weeks now.

Finally it's happening, are you buying already? Because I asked three friends via WhatsApp and they wanted more dips.

It seems that the Iran Israel conflict is affecting the price of Bitcoin but also do not forget that every bullrun has ever has a 30% plus drops on the way up, its obvious if you are good at reading charts.

It's all part of the game, so very normal.

The BUT here is how people get so weak after the dips finally happen and they do nothing, Wake the hell up, now it's happening right in front of your eye, do not sleep on it.

Instead of doing nothing, consider DCA.

We see this story every single time we are close to the bull run, the ones that are the most vocal about wanting a dip, so they can buy for a price which is lower than the current one, are for the most part the ones that will refuse to take action once that happens, and they will always excuse themselves when the dip pass them by saying that they were waiting for a bigger dip or that their strategy told them not to buy, but we know the truth, they chicken out and they are just giving excuses to hide the fact they did so.

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April 14, 2024, 11:09:47 PM
 #36

~
I just buy now whenever it dips to 65k lol. Considering it has happened quite a few times, I reckon I've made pretty good out of the small dips the market has had ever since reaching the $70k levels. This is separate from my DCA though, at that point I just buy in at whatever the price really is.

Honestly, if people wanted to talk about buying the dip, they would've done so back when it was $20k, or even $30k. Talking about buying the dip now when it's pumping seems kind of contradicting.

R


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April 14, 2024, 11:18:54 PM
 #37

Well, the red dip is gone now and it's back up. There are a lot of happenings in just a short amount of time and I hope that everyone has taken advantage of the sale and has profited somehow. Everyone who has bought should be up right now.

I think it has something to do with the psychology, knowing that it's red, it might be a warning to them that it's not yet time to buy or something. It's probably good to train yourself to feel different when it's red or something.

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April 14, 2024, 11:28:05 PM
 #38


Instead of doing nothing, consider DCA.[/b]

And how does DCA help? When the price dipped, you should buy more while you can, and putting $100 every week is the opposite of it, if the bull run will peak at 2-3 times higher price than now, that would still be a small gain.

If someone sits on a large BTC investment, they don't necessary have to buy even more now, it only applies to those who missed the bear market and now are looking for their last chance to buy for the current bull run.
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April 14, 2024, 11:40:40 PM
 #39

Everyone claimed that they wanted the dips, every friends I knew have been screaming about Bitcoin dips for weeks now.

Finally it's happening, are you buying already? Because I asked three friends via WhatsApp and they wanted more dips.

It seems that the Iran Israel conflict is affecting the price of Bitcoin but also do not forget that every bullrun has ever has a 30% plus drops on the way up, its obvious if you are good at reading charts.

It's all part of the game, so very normal.

The BUT here is how people get so weak after the dips finally happen and they do nothing, Wake the hell up, now it's happening right in front of your eye, do not sleep on it.

Instead of doing nothing, consider DCA.

Personally, I've done my fair share of DCA and I don't think my risk appetite calls for another one of those for now. It's asking me to make sure I don't get burned to a crisp by the crash and that I was able to still save some profits for myself, and honestly, I think everyone who's able to take profit from the previous month's pumps should do so as well. At this point the halving crash that always happens whenever there is a halving is almost always ensured, and that means that regardless if you buy or sell, bitcoin's going to the shitter in the next few days, now as a sensible investor and not a "bitcoin is the second coming of jesus christ" type of investor, I'm going to get my pimply ass off and sell my bitcoin, and then reentry at a lower price point sometime after the halving and wait it all out.

DCA is good and all but if you're not willing to take the risks of losing your money (at least temporarily) then consider selling and then reentering the market sometime after, nobody's gonna call you out for doing so anyway, and most of all, you're making sure you're able to save your self from utter annihilation and if you got profits, you're able to secure them as well.

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April 14, 2024, 11:42:01 PM
 #40

Everyone claimed that they wanted the dips, every friends I knew have been screaming about Bitcoin dips for weeks now.

Finally it's happening, are you buying already? Because I asked three friends via WhatsApp and they wanted more dips.
(...)
This is really what I am waiting for people who are fans of telling this line always. It seems they are driven by their emotion and when the time comes, they are already afraid to do what they are hoping to happen, sometimes this opportunity comes only once, so we must stick with our plan or decision.
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