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Author Topic: Are you taking advantage of this red market?  (Read 659 times)
peter0425
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May 01, 2024, 10:39:53 PM
 #21

This low price opportunity can be exploited, even though we don't know how far this decline will go,
Honestly I thought it would come back up yesterday but until now it still has not gone back up and is still fluctuating below 57k. It can definitely make an investor rethink whether to buy now or not. My best advice would be to not hesitate for too long as you might just miss out entirely on entering the market.










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May 01, 2024, 11:02:20 PM
 #22

     It's really a good opportunity when the market is red to take advantage of buying cryptocurrencies that have fallen in price. instead of buying when the price goes up. And this is what most people always do is buy low and sell high.

    And this opportunity really should not be missed, instead we should find a way to buy while its price is cheap in the market.

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May 02, 2024, 02:34:01 AM
 #23

As far as I'm concerned it might be better to take advantage of the market turning red and buying cryptocurrencies that fall in price. Investors wait for this period and if the price goes down they hold it and if the price goes up they will make double the profit. The most popular strategy for investors in cryptocurrencies is buy and hold investors hold their crypto investments for the long term during this red market. Investors tend to commit to long-term crypto holdings as part of their financial planning.

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May 02, 2024, 06:52:17 AM
 #24

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.

Buying in the Dip is not even about being so good investors. Just understand that cryptocurrencies are highily volatile and the opportunities to buy at the Dip is a lucrative chances to buy a lot of it and hodl for increments in value at the nearest future.
I don't know how technically knowledge you may be about the crypto markets that you've so much expectations for bitcoin to had dropped lesser so soon by the halving at $45,000. You must understand that it's all lucky trials we've all been in predicting about the crypto future occurances. I also hope you ain't one of those sentimental Investors who thought the bull run would take place immediately after the halving because there are speculations that some investors who doesn't know the advantage of the halving in buying on the DCA aren't feeling okay with the current market condition.

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May 02, 2024, 07:29:02 AM
 #25

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.

It sounds as you have been taking advantage of current downtrend in cryptocurrencies market, specially yesterday when Bitcoin experienced significant volatility falling to below $55,000. Personally, I also accumulated Bitcoin and other prominent alts such as ETH, Solana and Omni coins. The FOMC meeting concluded yesterday with decision to keep interest rate unchanged which is expected to end uncertainty of the market and things will get better in coming days.









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May 02, 2024, 01:04:58 PM
 #26

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.
BTC faces the biggest outflow last day. No doubt that if it was triggering the price dumped a lot. It's slowly recovering but im not really sure if the dump is already end.


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.
True but it's not bouncing a lot. It's not even closer to the 59k again. Im still worrying the market to be dumped even further in the upcoming weeks. I have bought dip but i have sold it once bitcoin reached 58k. It's still worrying me to hold it for long term. It sems hard for bitcoin to achieve 60k again.
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.
It's good to use bitget as long as you will never touch bitget wallet.
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.
Since we have been bouncing back and the opportunity has gone. It's quite risky to take it now.

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May 02, 2024, 01:24:47 PM
 #27

I also think so, when the halving started the price of bitcoin actually tended to fall. I asked around and tried to find information about the decline in the price of bitcoin because normally when the halving starts the price of bitcoin will rise drastically. Some people argue that the decline in bitcoin prices occurred because many miners sold the bitcoins they had and this was because bitcoin rewards were reduced and did not cover mining costs. I emphasize once again that this is just speculation!

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May 02, 2024, 02:05:27 PM
 #28


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.
Can't say this is the perfect time as it is nowhere to be found but instead, consider this a chance as this is not the usual happening in the market after halving. Although it was hard to assume what would happen next but I was too positive that it would skyrocket. So take this offer and leave no doubts about the future instead, keep optimistic and I know, this decision will never be regretful. 

Buying at $58k and waiting for the new ATH, just to assume that it will reach $80k, it is a huge profit indeed. And this is not impossible in the sense that we are still in the bullish state.
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May 02, 2024, 02:47:55 PM
 #29

For the benefits of those that have already invested on the crypto as of recent when the market goes bearish down below $60,000 and invested, they would have realized little on their investments as we already have the market around $59,100 earlier today and there is every possibility that we cross over $60,000 any moment from now, this is why it is very important for us to make an investment and hold, because we are going to realized a bull market soon any every occuring bear market, only if we can hold



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May 02, 2024, 02:55:33 PM
 #30


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.

Absolutely, the new comers in cryptocurrencies market lose their confidence when they see Bitcoin falling 10% or more but experienced investors understand well that volatility of crypto market is it its inherent nature, and they consider it opportunity for accumulating Bitcoin on every significant dip to reduce their overall cost of investment, and ultimately book substantial profit in bullish market.









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May 02, 2024, 03:19:04 PM
 #31

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.
Many Bitcoin investors didn't envisage that price will go this dip, and now it's happening, if anyone has the funds to buy now, they don't need to hesitate and hoping that price will dip further, because the market is volatile, you don't know when price will start rallying upward. So the point is that now is a very good time to buy, nobody knows tomorrow, that is why I tell my friends that people that diligently do DCA method, don't worry about price speculations on the short term. Halving has come and gone, and from research I know that bull run will follow, only that we don't know when it'll start, so any dip during bull run build up is a good time to buy Bitcoin.

R


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May 02, 2024, 06:36:52 PM
 #32


Many Bitcoin investors didn't envisage that price will go this dip, and now it's happening, if anyone has the funds to buy now, they don't need to hesitate and hoping that price will dip further, because the market is volatile, you don't know when price will start rallying upward. So the point is that now is a very good time to buy, nobody knows tomorrow, that is why I tell my friends that people that diligently do DCA method, don't worry about price speculations on the short term. Halving has come and gone, and from research I know that bull run will follow, only that we don't know when it'll start, so any dip during bull run build up is a good time to buy Bitcoin.

It seems that You have gained good understanding of Bitcoin and other cryptocurrencies market dynamics, and what I learned over 7years of navigating this landscape that always expect what is not expected, it comes with new surprise every other day. This is how it is and this way it presents chances to seize assets what you had previously missed out. We need to remain adaptable and ready to capitalize on unexpected opportunities as they rise.









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May 02, 2024, 06:55:35 PM
 #33

Initially I was in loss as the value has dropped but at the sametime I have utilized my emergency fund and invested in SOL and right now I am roughly 10% in profit overall. This is an opportunity to gain some quick profit but we shouldn't get carried away with the market trend as it can change and we may see even further dip hence always play with stoploss which I have used for my Altcoin investment but I haven't applied the same for Bitcoin because I know it will surge for sure.









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May 02, 2024, 08:44:43 PM
 #34

Honestly I thought it would come back up yesterday but until now it still has not gone back up and is still fluctuating below 57k. It can definitely make an investor rethink whether to buy now or not. My best advice would be to not hesitate for too long as you might just miss out entirely on entering the market.
The price of Bitcoin has increased a bit now but it is not quite significant. It is around $59k now, it makes investors to have a new hope for the next pump. However, for the old investors, I'm sure they won't be afraid about the current situation in the market. They will take the advantage of the drop in price, they will buy as many as possible. But for the new investors, they probably feel doubtful, they won't buy because they are not confident with the future of crypto market. We can understand why the new investors may fee afraid, they may know some negative news during the correction. It is no problem if they don't want to buy when there is bad news.


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May 02, 2024, 08:58:55 PM
 #35

Yes, I took the risk. I have invested a lot during that red candle. I have accumulated a couple of altcoins and am holding them right now. I believe this was a chance for us to accumulate cryptocurrency. Compared to Bitcoin, altcoins have dumped so hard. So instead of Bitcoin, I took the risk with altcoins. But still, I am holding some bitcoin in my portfolio as well. So I am waiting for a good pump to sell my holdings. Without taking risks, it's not easy to make money from cryptocurrency. So I had to take the risk.

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May 02, 2024, 09:14:43 PM
 #36

Yes, I took the risk. I have invested a lot during that red candle. I have accumulated a couple of altcoins and am holding them right now. I believe this was a chance for us to accumulate cryptocurrency. Compared to Bitcoin, altcoins have dumped so hard. So instead of Bitcoin, I took the risk with altcoins. But still, I am holding some bitcoin in my portfolio as well. So I am waiting for a good pump to sell my holdings. Without taking risks, it's not easy to make money from cryptocurrency. So I had to take the risk.
Cryptocurrency is here to make each and everyone of us rich but we should take things easy and adapt good winning strategies. We should always know what we want and not jeopardized our chances of earnings in the system which I believed to be very broad and different from our vision. Bitcoin is very important to every top whale in the space and we should always know exactly what we want before triggering options for sell. We take risks everyday in the market and during the bearish season, that's basically our foundations to set good style.

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May 02, 2024, 09:32:16 PM
 #37

If we are into the look for another opportunity, then this would be time rather than waiting for the bear season. Every dip is an opportunity - we all know that, so why not?

I won't encourage people to do the same but I suggest thinking about this. The bull season is not over yet which means that there is a huge possibility it recover and reach back high again. Buying BTC and ETH would certainly give us profit assurance and never disappoint us. So if we still have the balls then go, it is just like we are accumulating before halving.

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May 02, 2024, 09:45:18 PM
 #38

~
Already am. For altcoins, the dip has been ongoing since quite a few days prior already (or maybe even weeks, don't remember) and I've been buying every now and then with some coins that I like. As for BTC, I bought at around 63k ish and at the recent 58k ish levels. Will probably continue to do so if it ever dips down again later on.

I'm generally in profit for quite a while now already anyway since I started DCA'ing when the price was at around 15k ish, so even with some temporary losses due to buying high right now, those initial profits offset them by quite a margin.

R


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May 02, 2024, 09:51:50 PM
 #39

Definitely, this is where you look for good opportunities to accumulate as the price dumps. This is just like the bear trend before where we can see the bloody market and look at their price now. There’s no need to panic as this correction is normal and healthy, what you can do for now is to look for good projects and do your own research so you can decide if you are going to invest or keep looking for other options. As many says, if there’s a panic better to buy more.

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May 03, 2024, 06:41:08 AM
 #40

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.

I purchased Bitcoin at a low point around 58k and am now waiting for it to break through 61k, at which point I expect a rally up to 65-66k, based on my technical analysis. While it's always a good time to buy BTC, I anticipate a brief pullback or liquidity grab around 50k before a sustained move upward. In the meantime, participating in passive events can be a viable approach. Is this the event?
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