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Author Topic: Are you taking advantage of this red market?  (Read 720 times)
R1dwanRz (OP)
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May 01, 2024, 03:22:16 PM
 #1

Well recently the market is in a bad mood. and I'm sure many of us are wondering why.  While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.

As we know, altcoins often follow Bitcoin's lead. This dip in BTC has also dragged down Ethereum and others, potentially creating excellent buying opportunities for those who might have hesitated before.

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.
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May 01, 2024, 04:47:38 PM
 #2

There is no good investor that has the money to buy this current dip that won't take any advantage of it. The way I see it I believe the dip just got started. Actually, I was expecting bitcoin to drop to 45k when the halving started but it didn't. It took a week before we started seing this low price of bitcoin.

Heopefully i am still expecting the price to dip down to the 45k margin were i will now buy aggressively and add to the little i have already bought through DCA. Its a perfect time to buy just like any other time in the market.

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May 01, 2024, 05:30:50 PM
 #3

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.
Well cant say if its gonna stop or what market always move un predictably and we can always speculate. For short term traders this volatility is good since they can rally on the price entry and exit within days or weeks. But for long term its not good since everytime we hit a good tick we always bound to down now. Its quite risky but maybe a proper dca could be helpful.

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May 01, 2024, 05:44:18 PM
 #4

People thought market would become bullish from here so there won't be any major correction. On top of that so many airdrop campaign provoke investor to take the opportunity, so most of them buy major cap coin that was conducting ecosystem airdrop. I don't think people have a large amount of funds right now to invest. An uncertainty has been spread across the industry, as some people are saying market won't dump from here and some are waiting for 50k mark. Only people with courage will invest in a time like this.
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May 01, 2024, 06:01:40 PM
 #5

The dip is always hard to catch, though. It's hard to tell how far deep the market will drop. We could be thinking this is it ($56K ~ $57K) only for it to drop further to $40K but generally red markets are a good time to buy coins at discounts

My focus in altcoins is Solana. An easy 100% from the current price ($125) if the market trend turns major bullish, and it attempts to go past its previous all-time high.

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May 01, 2024, 06:10:38 PM
 #6

People thought market would become bullish from here so there won't be any major correction. On top of that so many airdrop campaign provoke investor to take the opportunity, so most of them buy major cap coin that was conducting ecosystem airdrop. I don't think people have a large amount of funds right now to invest. An uncertainty has been spread across the industry, as some people are saying market won't dump from here and some are waiting for 50k mark. Only people with courage will invest in a time like this.

they also say that it could be $42k but the more you will expect that price, the longer you wait especially when the price hits back to $65k again. you can then just buy at that more than 65k but right now consider a DCA already for it may just leave you behind. load up more of BTC. i think it won't be long before the price will also jump like it did after the dip in Jan. things could chance every minute by now.

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May 01, 2024, 07:04:09 PM
 #7

There are clear effects of such news on Bitcoins price but we should take advantage of such conditions and should not be worried about recent dips because we know that ups and downs are not a new thing here.

Some people assume that after halving the price will go down below 50k$ after halving but the current dump is not because of halving but it just because of such negative news which turns the price from 63k$ towards 57k$. So fill your bags if you have money to take advantage of market dip and hold until it goes higher again to attain either previous ATH or new one.



 

 

 

 

 

 


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May 01, 2024, 07:33:46 PM
 #8

Everyone should, but if there's someone who can take advantage of this dip because of having nothing, you need to prepare for it. Who knows if this is the last dip that we have to go through and then the market will be up again for the bull run. There are certain things that we need to prepare for because no one will know if this dip is likely the start of the recovery afterward. We will see if there's a speedy recovery for the market and entirely with it, once BTC recovers, alts will be up too.

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May 01, 2024, 07:34:13 PM
 #9

Maybe some investors never see it as a good time, I think they should take this into consideration believing that every market correction is an opportunity for buying. Corrections are expected after a pump but this won't take so long as we are in the bull season. But if we have accumulated enough already, then better stay calm and wait as it will certainly be recovering.

Keeping ourselves aware of the current situation helps us decide what is the best thing to do next whether to buy more or just hold. But yes, I would say this will be a good chance for those who have not yet at least, we ain't missed a chance for the new ATH.
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May 01, 2024, 07:59:24 PM
 #10

Yes of course, I just acquired some Bitcoins today to my portfolio. This is an another opportunity to fill the wallet. But not everyone that is interested to invest before can invest now because they might not have enough funds to invest and family problems might not allow them to invest. But there is still time for people to invest.
Let all those investors that are interested to invest now should save funds. The market is getting red everyday.
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May 01, 2024, 08:09:12 PM
 #11

Yes of course, I just acquired some Bitcoins today to my portfolio. This is an another opportunity to fill the wallet. But not everyone that is interested to invest before can invest now because they might not have enough funds to invest and family problems might not allow them to invest. But there is still time for people to invest.
Let all those investors that are interested to invest now should save funds. The market is getting red everyday.
Even we all well know about this market and things which are happening around but still many are not interested to enjoy this dip with you are brave enough to buying things on current price because I have strong feeling we are going to have jump which will bring better opportunities to buy.
With mostly are feeling this all is hanging around due to whales are trying to catch their own targets which are usually done by them before or after any big event so same happen but still I have believed we are going to have more down in market with few weeks will be needed to fight back or having better level so never do anything in hurry just keep eyes and try to catch better price.

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May 01, 2024, 08:23:22 PM
 #12

The dip is always hard to catch, though. It's hard to tell how far deep the market will drop. We could be thinking this is it ($56K ~ $57K) only for it to drop further to $40K but generally red markets are a good time to buy coins at discounts

My focus in altcoins is Solana. An easy 100% from the current price ($125) if the market trend turns major bullish, and it attempts to go past its previous all-time high.

I would argue that bottom is hard to catch, but dip itself isn't. I mean that it's happening right now, just buying now we are buying the dip.

And since we are in long term bull run anyway, and people buy the trend, it's a no brainer when we scale back enough and look at the trend. Only people who are trading with leverage are scared, and that's understandable. But spot buyers and bag holders... I don't know why would they panic sell anything now. instead they are probably looking for more capital to put into alts.

And then there are nocoiners that are waiting for the next ath to fomo and buy. They will be giving fuel for the next moon rocket.

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May 01, 2024, 08:34:22 PM
 #13

Any news or negative news or issues will definitely have an impact on the market, whether the impact is only small or quite large. and this time, really, the market went down and down a lot. even a much bigger drop than I imagined. And if we look at how the current market is going and in the future, I personally still really believe that the bullrun still exists.

So, as long as there is still an opportunity to take advantage of buying more coins at a cheaper price during this drop and we also have the funds, why not? Isn't this actually something that is quite profitable for anyone who wants to accumulate more crypto at this very affordable and cheaper price? as long as you stay calm and don't panic too much.

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May 01, 2024, 08:47:39 PM
 #14

Even we all well know about this market and things which are happening around but still many are not interested to enjoy this dip with you are brave enough to buying things on current price because I have strong feeling we are going to have jump which will bring better opportunities to buy.
With mostly are feeling this all is hanging around due to whales are trying to catch their own targets which are usually done by them before or after any big event so same happen but still I have believed we are going to have more down in market with few weeks will be needed to fight back or having better level so never do anything in hurry just keep eyes and try to catch better price.

Most of them are afraid that the price will go below like this and they would lost fund and probably those people are the short term investors. So they might not like the market full with red lines and will not have that mind to invest but will be interested to invest when the market shows green again. And you will see that once this market shows green for one day, you will see that many people will invest in it.
They just don't want to invest when the is going down steady and now that the price has gone down, many people will invest but they should not think if investing foe short term because the market is volatile.
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May 01, 2024, 09:23:18 PM
 #15

Every unexpected price dump in the market brings about two things: 1 fear in the minds of those who are just looking for an excuse not to buy bitcoin, and 2 a buying opportunity for those who have enough money to still stack their wallet with more bitcoin. 
 
Even if the bitcoin price drops to $10,000 today, there are people who will still say the price is still too high, and they will want it to go down even more before they can invest in it. A lot of them might never buy a single unit of bitcoin because of procrastination; some only end up buying it in their minds. 
 
This is not the first time such is happening in the market, and this won't be the last either. Those who have enough money can start buying, but they should still proceed with caution. The price might go down below this before it recovers again. We never can tell, but whatever the case, maybe the goal is to hold strong until we see our targeted price.

 
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May 01, 2024, 09:50:30 PM
 #16

This market cannot be foreseen and you can’t tell when the dip is dipped to bottom already. You just have to take advantage of them as they keep coming. If you’re an investor that have not reached your targeted goal for any coin, these are the right moments to jump into the market. You can use the DCA method to employ this opportunity so that it doesn’t pass you by. Opportunities like this comes ones soemtimes, they could be more to this or it will be the deepest before the bull run begins. This is an excellent buying opportunity and those that made use of it can average their portfolio to a more average price for each coin they’ve bought into their portfolios.

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May 01, 2024, 09:54:46 PM
 #17

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.
True this is a buy dip now don't do it later instead it will be bullish because we never know, but unfortunately don't have USDT reserves to buy again but I will wait for the moment of decline again even though I have previously bought the price above from now on, this is not regret but the fiat reserves have been used up for other purposes.

At least I want to accumulate ETH a little bit because it is much more prospective than other altcoins, maybe some altcoins can be more than 10x after bullish but I think ETH will be better in its increase later.

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May 01, 2024, 10:17:36 PM
 #18

I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.
I think this is your main concern but still, a good thread though about it because it's timely. Those that forget to take advantage of this time.
You have to get into the market while it's down because it won't take long until it recovers. I'm not expecting a quick skyrocket but recovery won't be that long.

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May 01, 2024, 10:18:48 PM
 #19

This low price opportunity can be exploited, even though we don't know how far this decline will go, but we must be prepared to face risks in the future, continue to carry out DCA on Bitcoin and do research on altcoins. So use cold money to buy because it's on sale, but you still have to be mentally strong.

I like pullbacks in bull markets, more buying opportunities. The upward trend in the last few months has made me uncomfortable and anxious because I haven't bought much at low prices. The point is, in a bearish season like this, stay safe, keep doing regular DCA on altcoins with good fundamentals, avoid panic, and don't store all your assets in one egg.

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May 01, 2024, 10:19:23 PM
 #20

Well recently the market is in a bad mood. and I'm sure many of us are wondering why.  While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.
Whatever the reasons might be, we should take well advantage of what we are presented with. This is finally the opportunity that we are all waiting for. We can now buy bitcoin in a much cheaper price. So truthfully the reason isn’t that important for me.
Quote
Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.

Many people will be alarmed by the decline of bitcoin but do not be that person and look at this as an opportunity. A good investor always finds an opportunity.

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