Re: Buy the DIP, and HODL!

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

Various Unwanted Issues Cryptocurrency Markets Are Going On, An Opportunity Has Come For Those Who Haven't Invested In The Bitcoin Market So Far To Invest In Bitcoin. The Bitcoin market dropped from $23,300 to $2,1900, but experts are predicting that Bitcoin will rise to $25,000-$30,000 in March. If so then there will be potential profits for those who invest and hold on to this dip.

Buy the Dip
Hold until market pump
Sell the top pick
Make profits.

I know how the market is currently unstable in the sense that anything can go down and fall even deeper, but still this is a good opportunity where we can buy bitcoin while it is still correcting but it is quite clear that this is an opportunity that must be taken advantage of as long as you believe in bitcoin.

When it goes up, it doesn't mean we have to sell at $25,000-$30,000. This is still too low, in my opinion, to take profits because this is an investment, not short-term trading until March.

From the word dips, it's clear to buy bottom holding until ATH again, it doesn't mean there is a choice when the pump comes you have to sell it too early to do if you hold bitcoin, what I understand is about a strategy of holding Bitcoin for as long as possible for the next 2-3 years future and not thinking about short-term gains.

Your description of "holding for the long term" is still pretty whimpy bangjoe..

Think 4-10 years or longer..

And also I am not even against any plans in whihc some bitcoin are shaved off at various points along the way.. such a strategy to sell relatively small amounts of BTC on the way up is still largely holding the BTC.. especially if you have been buying on dips and accumulating..

Let's say for example, you had been in bitcoin since about early 2017 (using your forum registration date as a guideline bangjoe), and so during the past 6 years, you had been attempting to accumulate bitcoin fairly regularly, persistently and aggressively within your budget, but really your budget only had allowed you around $400 per month to spare to buy bitcoin, so in that regard, mostly you had invested around $30k over the last 4 years, and you have accumulated around 4BTC. You are feeling pretty good about the whole matter, and maybe you had been able to increase your BTC stash in the last 9 months or so by a hole coin.. rather than maybe you had been anticipating that you were ONLY going to be able to increase by a fraction of a coin, so in that regard, you feel that you have done pretty good with the BTC's price dippenings in the past 9 months or so.

Accordingly, you could sell some BTC on the way up at various points, and maybe you would be more justified to sell some BTC if you had spent more than your budget (such as spending $800 to $1k per month rather than your usual $400 per month).

I am suggesting that any of us can still be in lines with the ideas of this thread by selling some relatively small portions of our bTC on the way up at various price points or perhaps after certain amounts of time have passed.. but we need to be careful in terms of any propositions that suggest that it is a good idea to be fucking around with trying to sell large portions of our BTC holdings in order to buy back more at lower prices that seems to be out of the sentiment of the kinds of ideas that we have been trying to bat around in this thread and perhaps getting into topics of trading rather than ideas that concern the values of buying the dip and holding.. which largely are intended to accumulate bitcoin along the way without having to resort to selling on the way up..

Quote from: BobK71 on Today at 04:27:37 PM

Quote from: LDL on Today at 02:19:51 AM

Quote from: noormcs5 on March 02, 2023, 07:12:12 PM

It is true that we see a large dip before each bull market. Maybe it is the best time for the dip. In recent times, Bitcoin has risen to $25,000, but due to lack of confidence, it is reduce again. From the last day the BTC has seen major collapse. This is basically happen for a report that US manufacturing is in recession. Generally I don't think this will refer any negativity for long time. Since the positive side of BTC is high, we can see any big positive movement soon. Definitely for those who are waiting for the dip it is a good opportunity.

I find it difficult to attempt to project that "this is the last dip before up," because there are frequently going to be a quite a few ups and downs along the way, and sure there could be patterns of long periods of UP before down happens, and also the long periods of UP might not end up playing out like they have played out in the past. So from my perspective, in some ways we should always be attempting to prepare ourselves both financially and psychologically for a variety of scenarios, including scenarios that may well not end up playing out... but at the same time, we should be trying to be realistic at the same time, in terms of ongoingly and persistently continuing to buy bitcoin along the way.. especially if we might consider that we do not have a lot of bitcoin in terms of where we would like to be and also it still does seem that BTC prices are in considerable dip periods of staying below the 200 week moving average for such a long period of time.. and yeah, there is no guarantee that the 200-week moving average will continue to slope upwardly, either... even though throughout bitcoin's history, the 200 week moving average has sloped upwardly. See here.