Quote from: WatchMaker on December 10, 2021, 11:50:41 PM

Quote from: Wind_FURY on December 07, 2021, 05:16:23 AM

Quote from: poldanmig on December 06, 2021, 09:59:28 AM

Quote from: BobK71 on December 05, 2021, 05:13:31 PM

Those who are seeking the dip i think the current market is for them. Bitcoin price fall down at the same time all others coins down significantly. Most of the cons price down more then 15% so it is better to invest for any selected cons as the dip and if these cons hold for some times then have the possibility to get huge profit.

Right now bitcoin is testing the $47K price level and the price decline is almost around 3.82% on this day alone, in my opinion actually the decline that occurred today we should be able to take advantage of by buying bitcoin before the rebound occurs again later, in addition to bitcoin some prices Other cryptos are also having quite a sharp bearish like ethereum which is down almost 5.5% on this day alone, I think now is a good time to get into the market, buy and hold.

The “rebound” usually happens weeks later, don’t be too impatient to buy the DIP right away, letting your emtotions take over. Wait for it to happen. I believe this current small rebound will stop, and Bitcoin will be DIPping soon again.

But I’m a mere pleb, and I’m wrong most of the time. Cool

Buying the dip and HODLing is one of the oldest and the most effective ways of making profits with bitcoin. The bitcoin market is fluctuating due to number of reasons either FUD, FOMO, or Speculations. These are the major factors that causes market to move up and down, when the market is down is time to buy, also when the market is up is time to sell.

Indeed, buying while it's dip and hold is without a doubt the most classic ways of all time, but the most crucial part after that move is to know when is the right time to sell and have the right mindset in-order to reap huge glorious profits. Yes, there's a lot of people doing that way but they end up selling their investments because they're being impatient or selling while the market is raw. The main concept is buying it at low price you can get and hold it for a year or two, and then sell your profits only (not the whole) because in that way you can earn profits again while holding for the next upcoming year. Always make sure to have the masterplan of all movements you wanna make, and be patient don't deviate from the plan.