TravelMug
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May 17, 2024, 08:41:16 PM |
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Those are are on a long-term goal are not worried about the price fluctuation of bitcoin, and when a dip comes, they see it as an opportunity to stash up more bitcoin to their portfolio. It is people that don't understand bitcoin price movement that will think the dip is a big problem, and that is why they will panic when there is a dip.
DCA is the strategy that I am also using to accumulate bitcoin and my portfolio is increasing bit by bit. The price of bitcoin as I am typing this post is currently on $66k, which shows that it is regaining from the recent dip in price to $61k. This is why we should always take advantage of the dip in order to buy bitcoin at discount while waiting for the bull run.
Technically though we should be in the bull run already as halving is completed. But we should wait till the price goes up this year. But I do agree, when I was also a noob in the market way back, every dip in the market, I will be nervous and don't know what to do and most of the time I will panic sell. And then I found out about DCA and what to do when the price goes down very hard. So it's a learning process and I think everyone could have been in this kind of situation before. So it's up to us to really take advantage when the market is down and buy the dip or just continue to accumulate as much as we can thru DCA method which have been proven already by the rest of us average joe and regular investors to the whales like Michael Saylor.
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Hamphser
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Vave.com - Crypto Casino
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May 17, 2024, 08:41:41 PM |
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Obviously but the investors will have to buy when the price drops, that's the only way that they can be rewarded. It's not really in our control though, whatever might happen to the market, we're in the mercy of the volatility of bitcoin, some whales might make waves but still, they'll not be enough to really make some difference unless of course the whole market reacts to it.
Only way to be ready for this or to make something out of this is if we prepare ourselves on the things that might happen, always keep some money on the reserve so you will be able to take the opportunity to buy whenever the opportunity to buy bitcoin presents itself, otherwise you'd regret it and when things starts going right for bitcoin and you missed out on it, you will end up regretting it so bad.
I feel like constantly buying is also another method that could work out well for the investors and they are mostly happy about it as well. If you buy at 1st of every month, no matter what the price is, on the long term you are going to gain from that. not meant that DCA is a bad method, of course buying more when it drops is a great method, but we are talking about something that doesn't have to be the only good method, while DCA could be good, buying every month could also be a good method. I have seen so many people do it so far and they all got richer. The main reason why we keep getting better results on long term, no matter what you do, is because on the long term the price of bitcoin goes up a lot, and we profit from it whatever we do as long as we hold. On the moment that the market would really be having such correction then it would really be just that relevant that you would really be needing to have that DCA thing but of course not all does have the funds on doing so and this is why they do really miss out that kind of opportunity but well each person does have that different level when it comes to financial capability and this is why it would really be that a huge advantage into those people who do always have the funds for them to have that accumulation whenever the market made out some correction. Some people doesnt even care about on the market condition and would be buying out directly without minding the price since they do know that the price could really be that able to recover if they had entered high price which they are really that confident when it comes into its potential on which you couldnt blame them off because Bitcoins potential is really something that being on the positive side or speaking about its future.
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stadus
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May 17, 2024, 08:58:45 PM |
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I guess many people know that when the price is dumping is a sign to prepare, how to buy from the market, and anyone that will buy when the price is low in the market he or she will have a good opportunity to make a high profit than the one that will buy when the price is high.
Since, I know that there is a brighter future when you buy BTC when the price is low and hodl it like 3 or 4 years before you can trade, it will make you to be using that strategy to buy from the market to have that opportunity to take profits whenever there is a bull run.
Since many crypto analysts has predicted, that there will be another bull season before the end of this year, i will try to use this period to add more BTC to my wallet so that I will make it when the bull run occur.
That would be a good decision. Don’t be fearful when you see btc price reaching its dips because if you look it more closely, that would be a good opportunity to increase your investment. So buy and hold every time bitcoin price dips, and sell your coins when btc price reaches its peak. P Patience is a virtue in bitcoin. The more you become patient, the more likely you will come to avoid losses, but will definitely increase your chances to be in profits.
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EL MOHA
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May 17, 2024, 09:07:36 PM |
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Technically though we should be in the bull run already as halving is completed. But we should wait till the price goes up this year. But I do agree, when I was also a noob in the market way back, every dip in the market, I will be nervous and don't know what to do and most of the time I will panic sell. And then I found out about DCA and what to do when the price goes down very hard. So it's a learning process and I think everyone could have been in this kind of situation before. So it's up to us to really take advantage when the market is down and buy the dip or just continue to accumulate as much as we can thru DCA method which have been proven already by the rest of us average joe and regular investors to the whales like Michael Saylor.
No I don’t think that we should be in bull run yet base on technical analysis. If you check technical analysis is mostly base on past experience and as at the past halvings the bull run doesn’t kick start until at least two months after halving, we are just a month past halving, so the correction is still in phase. You can also remember that the market did a turn against the past history by reaching a new all time high before halving and this to me is what prompted the correction we are having right now. Those that you see panic as this correction is taking place are either newbies coming to this space which I don’t blame them because it’s natural to panic when you see your funds going down, with time as you say they will get use to it. The other set of people are those that go for short term trade and they are seeing a correction now
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salad daging
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May 17, 2024, 09:10:03 PM |
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Yes for those who dare to take that action, sometimes there are people after the price goes down wanting to wait for the price to go down again, after the price goes up they want to wait for the price to go down in the end they don't buy so they regret it in the future because they are too pessimistic about the fluctuating price of bitcoin.
Long before the halving had accumulated DCA from the price of $20K until now it is still continuing, because in this way the only one collecting bitcoin on a scale, not being able to buy at once but I am concerned with other needs that are needed, it is better to DCA in a consistent way that will get the best average price during purchase.
Even though it already has 100% profit from previous purchases, it will continue to be HODL because the price will continue to rise to reach the new ATH again, yes the next target is $100K and sells half ownership at that price.
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yhiaali3
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Payment Gateway Allows Recurring Payments
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May 18, 2024, 02:55:49 AM |
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Yes, buy Bitcoin with the DCA strategy increasingly and continuously over time to enhance your investment portfolio with every drop in price. This is the best strategy that I always recommend. This strategy enhances your investment portfolio and protects you from falling into FUD.
The biggest mistake those weak people make is selling when the price drops instead of buying and strengthening their investment portfolio. These people regret and realize their mistake when they see the price rise again, but unfortunately it is too late and regret is of no use. Bitcoin investing requires long patience.
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laijsica (OP)
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May 18, 2024, 01:53:47 PM |
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Yes, buy Bitcoin with the DCA strategy increasingly and continuously over time to enhance your investment portfolio with every drop in price. This is the best strategy that I always recommend. This strategy enhances your investment portfolio and protects you from falling into FUD.
The biggest mistake those weak people make is selling when the price drops instead of buying and strengthening their investment portfolio. These people regret and realize their mistake when they see the price rise again, but unfortunately it is too late and regret is of no use. Bitcoin investing requires long patience.
Investing consideration of every drop of BTC helps a holder to reach his desired goal and even healthy his portfolio. Many investors decide to withdraw their stash during bearish price movements because of the fear of losing margin. But he needed to deposit more BTC in DCA method at that time. Which later showed lower unit price in his portfolio. You may notice when I started this thread BTC was $63k and a month later it's over $67k today through various ups and downs. The trend of rising prices in such a short span of time must give investors a positive impression. So investment decisions should be made at the right time during the bearish season.
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348Judah
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May 18, 2024, 02:20:54 PM |
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We indeed have to wait till the market dips hopefully before making an investment in bitcoin, this will help us to know when to make the appropriate investment timing on, because when we invest and hold, then later sell in the future after the market pump, then we may have to target for another dip whereby we can also make another batch of investment and hold as well and keep on with the process repeatedly on our investments, this is more safe and better than when we just invest without having a particular bearing or direction to what we have invested on for our own profitability.
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SmartGold01
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May 18, 2024, 03:13:25 PM Merited by fillippone (1) |
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We indeed have to wait till the market dips hopefully before making an investment in bitcoin, this will help us to know when to make the appropriate investment timing on, because when we invest and hold, then later sell in the future after the market pump, then we may have to target for another dip whereby we can also make another batch of investment and hold as well and keep on with the process repeatedly on our investments, this is more safe and better than when we just invest without having a particular bearing or direction to what we have invested on for our own profitability.
Do you know that when you engages yourself with long term hodling you would enjoy it more better than the way you are proposing, this actually depends on investors who wants to constantly be taking profit on their single investment instead of holding for long and this also reduces their total fraction of bitcoin in their possess. Many people don't care about how much they are holding provided they made the gain required initially then they are pretty much cool with it, but the method you just explain seems to me as scalping where you are waiting for a particular position to enter the market after which you sells of immediately.
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doomloop
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May 20, 2024, 01:33:02 PM Merited by fillippone (1) |
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Well, newbies and FOMO have a long-lasting relationship. If you ask any newbie who entered the market and rushed into making trades because they wanted to start earning money as quickly as possible, they would tell you how much money they have lost due to FOMO because when a newbie sees that a coin or a token has a long green candle, they believe it is going up and they should make an entry as quickly as possible so that they can earn some money as well.
What they don't know is they are already late and those who invested earlier are not exiting and they are only becoming the exit liquidity for those investors.
It's all about knowledge and experience, even if someone doesn't have experience, they should at least get enough knowledge to be able to understand such things.
Long-term because there will always be a newbie but existing newbies will soon grow and they will now end their relationship with FOMO. There are still newbies who are careful and don't FOMO because they know how risky it is, as their knowledge is still not enough for those things that they see and then there are also those who FOMO but use only amounts that they can afford to lose. Their poor financial state is also one of the reasons on why they are like this. There must also be experienced user who thinks that a coin can still continue to go up, most especially if it's a good coin and some newbies can also get lucky to predict it. The good coin I said earlier, is mostly an old coin and no one can be late for them. Some can exit on it but it can hardly collapse.
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MiF
Sr. Member
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Reward: 10M Shen (Approx. 5000 BNB) Bounty
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May 22, 2024, 05:43:16 AM |
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Yeah droppings of bitcoin price is a big blessings to big whales that wanted to accumulate a lot of bitcoin in a cheap price and wait till the price rise again and sell, it is a big blessings in disguise and only those who are bitcoin believers can earn, imagine when investors buy bitcoin on year that it was first trade at the bargain price of 0.00099$ per bitcoin and hold till it become 71k$ price today very big blessings really awaits to those who believe and hold.
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Iranus
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May 23, 2024, 08:19:55 AM |
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Bitcoin price dips brings out the best opportunity in bitcoin, but I don’t think newbies are aware of it since we all know when bitcoin price reaches another peak, a lot of newbies rush into buying bitcoin believing that the price would reach another heights. Little did they know that bitcoin price is very unpredictable and it won’t follow a certain path. One day it moves up, the other day it drops low. And they will only realize this once they are already at loss.
Well, newbies and FOMO have a long-lasting relationship. If you ask any newbie who entered the market and rushed into making trades because they wanted to start earning money as quickly as possible, they would tell you how much money they have lost due to FOMO because when a newbie sees that a coin or a token has a long green candle, they believe it is going up and they should make an entry as quickly as possible so that they can earn some money as well. What they don't know is they are already late and those who invested earlier are not exiting and they are only becoming the exit liquidity for those investors. It's all about knowledge and experience, even if someone doesn't have experience, they should at least get enough knowledge to be able to understand such things. The market always needs liquidity, if there is no liquidity, how can we sell bitcoin at a high price and make a profit? Bitcoin is also a financial market and for us to make a profit, someone needs to buy at a higher price and someone needs to lose money. And newbies, those who lack knowledge, lack experience and like to get rich quickly will become liquidity for us. It may sound harsh to say, but that's how financial markets work. In addition, we have also gone through that stage, we have also become liquidity for others, and have had to pay the price to achieve the maturity we have today. Therefore, there is no need to criticize or laugh at newbies, those are things they need to go through before growing up and wanting to make money in this market. ~snip If we view Bitcoin as an Asset and not just a mere coin, we will keep investing in Bitcoin. Somw of us strive to havw physical gold and also invest in it, then while doubt about a digital gold like Bitcoin which have shown a path and also attracting more investors with a big market cap. That's not too difficult to understand, gold has existed for thousands of years and is recognized worldwide, while bitcoin has only existed for 15 years and there are still many controversies surrounding it. Not to mention, bitcoin is highly volatile and not everyone is willing to take risks like we are, moreover, accessing and storing bitcoin is more difficult than gold...so you don't need to be surprised or blame everyone when they prefer gold to bitcoin. Many people complain and say that bitcoin's popularity is slow, but looking at the age of both, I think bitcoin is outperforming and we just need a little more time for bitcoin.
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Ricardo11
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May 23, 2024, 10:46:48 AM |
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First of all Bitcoin is very volatile and volatile, its value changes anytime, either too low or too high. One should not expect anything good from Bitcoin without long term holding, remember HOLD is GOLD, more hold more return. Our aim should be to aggressively buy on dips, or we can invest using the DCA method. If you invest using the DCA method, you need to continue this process for a long time and hold it for a long time. Think of a portfolio of your fixed profits and hold and invest until that portfolio is there.
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