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Author Topic: What to do when there is a continues DIP  (Read 1261 times)
CageMabok
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July 21, 2024, 02:59:17 PM
 #121

I think buying during a decline is only done by those who really understand the Bitcoin cycle so that if they have funds that can be used to hold for a long time they will certainly take advantage of this condition so that they can make a profit when the price rises later and so on. Of course, only those who dare to take risks can do it, but for some people who are not brave, of course they will not take advantage of this opportunity and they will be very disappointed when they see the benefits that other people can get.
There is no need to be disappointed with the profits obtained by other people as long as it is about everyone's courage in buying Bitcoin at the moment of falling prices. Because everyone is always moved by their own intentions and plans which are also accompanied by their own abilities and courage when they want to do something, including when they want to buy Bitcoin under certain conditions. So in terms of buying Bitcoin, you only have to follow the brave without having to look at those who are still doubtful because profits from Bitcoin are only obtained by those who are brave, not by people who are still doubtful about Bitcoin.

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stomachgrowls
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July 21, 2024, 07:56:49 PM
 #122

Hodl whenever you see the market going more dip, if you cant hold by that time then you may sell at an inconvenience rate which may be a loss to you, then some may also decide to sell by that same particular time because they are aiming to reinvest since they believed that the market will go more bearish even after they have sold what they have, all these are part of the reasons why we always insist on making research and speculating well on the market performance through the chart to predict on the possible expectations.
Those who are able to hold their holdings when the market is very bearish are people who have extraordinary confidence in what they hold. Because people like that usually don't tend to panic excessively until they are saved from losses when the price starts to recover as has happened to the price of Bitcoin recently. So don't let us all make the wrong decision when the market is bearish, except just the decision to buy again and set goals for the next investment while hoping that prices can recover in the near future.
On the time or moment that you do found yourself having that kind of confidence and trust on what you are holding then you would really be definitely be doing this, but on the time or moment that you would really be that freaking out then its neither you are just that new into this market or totally having no idea on what you are doing or simply you are just that emotionally impulsive. Usually people do find themselves having those kind of problems on the moment that they dont know on what they are dealing on with. If there would really be that continous dip then the best thing to do is to hold your position and dont sell at loss and as much as possible then you should really be having that consideration on making up some DCA or would really be having that trying to look for bottom and make out some buybacks.

This is something that will really be that basing up on someones risks management on which we know that when it comes into this aspect then we do know that there would really be
having no the same level of risks tolerance on each person. Some could really be able to do it but there are ones who wont really be tending to take step further
just because they cant be able to bare up with the risks.

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South Park
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July 21, 2024, 09:31:40 PM
 #123

Hodl whenever you see the market going more dip, if you cant hold by that time then you may sell at an inconvenience rate which may be a loss to you, then some may also decide to sell by that same particular time because they are aiming to reinvest since they believed that the market will go more bearish even after they have sold what they have, all these are part of the reasons why we always insist on making research and speculating well on the market performance through the chart to predict on the possible expectations.
Those who are able to hold their holdings when the market is very bearish are people who have extraordinary confidence in what they hold. Because people like that usually don't tend to panic excessively until they are saved from losses when the price starts to recover as has happened to the price of Bitcoin recently. So don't let us all make the wrong decision when the market is bearish, except just the decision to buy again and set goals for the next investment while hoping that prices can recover in the near future.
Correct, and we must wonder where that confidence comes from, and that is only possible when the asset you are holding is great to begin with, which is why anyone that has tried to follow the same strategy that we use with bitcoin but with altcoins has failed, because they know very well that if they were to keep holding their altcoins when their price is going down, there is a very real chance they could hold all the way to zero, which makes it very obvious altcoins should never be held for the long term, as only bitcoin is worthy of that trust.
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July 21, 2024, 11:53:56 PM
 #124

Most people panic that the market will dump more when there is a dip, so they won’t invest they will always wait for more dips, which sometimes they won’t see.
That's the usual reaction of most of us when we see dip. We don't want to see that to be honest if we're all set and have enough holdings already. But for those that haven't yet, it's the most desirable moment and that's to await it come. Although we don't know how many of them have been doing this cycle but if you have been stacking a lot and you've got some figures on your head on how much you should have in the period of the bull run's peak, you'll do it as it's a necessary action before we see and pass another ATH.

Then they will start rushing to invest when the price has already bounced back, but they had the opportunity to invest during the dip but won’t.
It is not new and what you said is true. Words on their mouths are being said that they're waiting for the dip and when it comes, they don't act. But instead wait for more as they believe that there will be more dip to come soon but instead, what comes is the opposite of it and then the market bounces back and they're no longer interested in buying because they think that they're late already.

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July 22, 2024, 06:56:39 AM
 #125

Just want to tell my experience from catching the knives a.k.a buying the dip.

the whales will always try to play with your psychology by dipping the market further, this is why catching bottom is almost impossible because the whales with sophisticated tools always got all the information to do something with the market.

so how to profit from buying the dip? simple, just DCA  Grin. just buy the dip and never look back, if you have some money left, DCA again, holding is always the key because the thing with holding is that you being stoic, just doesn't care about the psychology pressure the market will put to you and therefore you are not getting played in their game. if you happen to trade though, just wait it out, most of the time it gonna recovers back.

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July 24, 2024, 08:24:08 AM
 #126

Correct, and we must wonder where that confidence comes from, and that is only possible when the asset you are holding is great to begin with, which is why anyone that has tried to follow the same strategy that we use with bitcoin but with altcoins has failed, because they know very well that if they were to keep holding their altcoins when their price is going down, there is a very real chance they could hold all the way to zero, which makes it very obvious altcoins should never be held for the long term, as only bitcoin is worthy of that trust.
People who are experienced enough and have seen the condition of Bitcoin in the last ten years will certainly not carelessly believe in coins other than Bitcoin. Because from the evidence that we have seen together, Bitcoin can always be relied on for the long term and is considered a more appropriate investment, so beginners who are new to Bitcoin must also know this in order not to fail in investments and also in other matters in the crypto space. Because any altcoin can only be relied on temporarily with a profit target that is not large enough at any given moment.

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July 24, 2024, 03:34:27 PM
 #127

Correct, and we must wonder where that confidence comes from, and that is only possible when the asset you are holding is great to begin with, which is why anyone that has tried to follow the same strategy that we use with bitcoin but with altcoins has failed, because they know very well that if they were to keep holding their altcoins when their price is going down, there is a very real chance they could hold all the way to zero, which makes it very obvious altcoins should never be held for the long term, as only bitcoin is worthy of that trust.
People who are experienced enough and have seen the condition of Bitcoin in the last ten years will certainly not carelessly believe in coins other than Bitcoin. Because from the evidence that we have seen together, Bitcoin can always be relied on for the long term and is considered a more appropriate investment, so beginners who are new to Bitcoin must also know this in order not to fail in investments and also in other matters in the crypto space. Because any altcoin can only be relied on temporarily with a profit target that is not large enough at any given moment.
We saw how high its market price have reached from the previous ATH and even with last few months which is around $72k. We also saw how low it fell which was around $16k and went up again to its present market price. I think that is enough reason to trust this technology  thus making it obvious that what we should be doing is to just hold and to avoid panic or selling too early. This is Bitcoin we are talking about and not just a new random project on this industry. I do understand why do some people panic whenever a market crash is taking place but we should all be knowing our investment's potential and make the right decisions that won't lead to regrets afterwards. Loss is temporary as long as you are not selling your holdings. Recovery might not happen in an instant but it will always be taking place as long as volume and demand are present.

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July 25, 2024, 03:54:42 PM
 #128

That is why you must not be partial in buying bitcoin because when you only think that immediately you buy bitcoin the price would skyrocket makes you a greedy fellow because you have forgotten the season you, let say you are not bull so anything out of this is still bear run and hence price would still decrease. So as investors if you buy at the dip do not always expect that the price will always increase unexpectedly because it's not yet bullrun, if you have spare cash all you need is to keep accumulating through DCA but if you felt your holding is enough then you don't need to stretch your self all over than to keep patient while the market grows.

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July 25, 2024, 06:49:46 PM
 #129

If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.

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July 26, 2024, 05:05:12 AM
 #130

If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.

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Today at 01:16:34 AM
 #131

How can those who invest lose confidence as the price falls?! They were knowingly waiting to buy at a discount price. It is better to have reserve fund for dip buying.  Most of the time the reason it's not good to rely on buying on the dip is because you don't know the bottom line of the dip, so DCA comes in handy because if you're consistent with your regular weekly or monthly bitcoin deposit, you don't have to worry about the price of bitcoin. If it keeps going down it's because you're always buying at different price levels. Bitcoin investment is a long-term investment and that is why there is no need to panic if the price of Bitcoin falls.
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Today at 01:52:59 AM
Last edit: Today at 03:18:16 AM by AirtelBuzz
 #132

There are some investors that waits for a dip price to buy and when the dip comes and they buy but they begin to experience that the price is even dipping further, so is there a need to panic or continue buying at every dip price if you still have some reserved funds with you because even though many wish for a dip to happen in order for them to buy Bitcoin but there are investors that expects the price to skyrocket after buying so if the price continues to dip further, is it not going to make those investors to lose confidence that the price may later not increase again?
That is why before investing we should set a specific goal according to the plan. So that no matter what price we buy bitcoins we will hold them no matter what happens until we touch our target price. During the dip season in the market we have to be patient and take advantage of that time to buy more so that we can hold it for future and get good returns from it.

OP If you buy bitcoins during the dip season then take the opportunity to buy more from that purchase price if the market dips. Never get discouraged or even sell the investment. Take the opportunity and keep Holding regularly.

R


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Today at 04:13:48 AM
 #133

If you have fiat set aside for buying dips then you can of course take advantage of continuous dips and buy.

Never panic and sell in a downturn though, always stay strong and HODL until you are planning to sell. Don’t act on impulse caused by short term fear.
Of course, investors should set their plans to buy more bitcoins while in DIP. Every DIP is an opportunity for investors to take more profits if they can make full use of it. It also recommends taking care of holding during bullish periods, which is long-term holding regardless of price.


In theory, the way to make a profit is to buy low and sell high, and that's why people often advise buying every time the market corrects. But I think to do those things is not easy. To be able to confidently buy DIP we need to have enough faith in bitcoin as well as the ability to accept risks.
Why do I say this? Because as I see it, many people always want or hope that bitcoin will decrease whenever bitcoin increases too quickly, but when bitcoin adjusts, they are the ones who do not dare to buy bitcoin. Like the recent correction when bitcoin dropped to 52k USD and that was a potential buy point but many people did not dare to buy and waited for bitcoin to fall further. Currently, bitcoin is trading above $67k and ironically, those who did not buy at $52k are expecting it to correct to buy. It seems easy to say, but how many people are brave enough to buy DIP?

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