Quote from: WatChe on Today at 04:15:39 AM

Quote from: Asuspawer09 on August 29, 2023, 11:33:39 PM

This was just a pretty normal dip and a lot of newbies and beginners are already starting to sell If they can't survive in small dips like this they will not be able to hold in the Bullrun, I mean there are plenty of drops, and huge bubbles when the market price skyrocket so, many manipulations could easily happen when the market price skyrocket. When people are scared that is the best time to be greedy it's already a golden rule here in cryptocurrency and especially in Bitcoin.

I always accumulate or buy Bitcoin because I do dollar cost averaging, I set it to every 2 weeks buying Bitcoin so I have no problem with what the market price is when I buy, The important thing is just to accumulate Bitcoin because for sure in the end if you're going to sell in the Bullrun your always going to end up with a huge profit. But I do buy extra when it's a good opportunity like this since the market price was down a few percentages I increased my buying power so that I could accumulate more Bitcoin. I'm not missing any kind of opportunity because I always buy Bitcoin and increase it every drop the important thing is to have savings so that you dont need to relay on your cryptocurrency investment profit because if you do you always end up selling in small drops.

You need to have strong nerves to survive in crypto market. Those who cant see market bleeding wont be able to survive in this market in the long run. We saw a small DIP few days back when Bitcoin went down from 30k to 26k. There were speculations that now Bitcoin will go bearish and wont be able to move up for months but then we saw a recovery yesterday and Bitcoin is now trading at 27.5k.
DCA is no doubt the best and trusted strategy that gives you good profit. Rather then investing your capital at one price with DCA you average your buying price at a wider window. With halving coming next year, it best to accumulate BTC in DCA manner.

An easy trick is to have a lot of multiple sources of income, When I am just a newbie in the cryptocurrency market I just rely on the market and do daily trading, in my mind, I need to make a profit easily without realizing the risk of cryptocurrency. Most of the time I ended up selling my cryptocurrency due to panic because of the sudden drop because I was aiming to earn a profit in a small amount of time and I didn't want to wait until I could sell.

But now I easily learned the trick on how to easily HODL your cryptocurrency and Bitcoin, with multiple sources of income you could easily hold your investment because you have savings and funds to sustain your need and you do not relay on cryptocurrency, when the market price drops a small percentage you just need to ignore it, in fact, I dont really cant about the market price at this time because my original plan was to sell on 2025 where probably the Bullrun is going to start sometime after the Bitcoin Halving.