Re: Buy the DIP, and HODL!

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far? Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

If someone is afraid of the dip, how will you see profitability in bitcoin. If you have been in the crypto for long, you will understand that dip is one of the most interesting time in the market. Dip gives you the opportunity to gather more and position yourself. Yes I know everyone loves to see the green candles, than the red candles, the beauty of the market as an investor is when you see the dip as an opportunity instead of seeing the fear that others are seeing. Remember if you don't buy the dip you can't sell the top. Those who are scared of the dip are newbies. Without dip there won't be much profitability in bitcoin investment.

It's obvious you are emphasizing too much on waiting for a dip before starting to accumulate but I put it to you that if you have that mindset of always waiting for a dip then you might keep waiting and may end up not accumulating again because you will feel that the price has gotten to a level where you can't afford it and you will still be feeling that you might buy and afterwards it starts dipping so in a nutshell, there is no perfect time to wait for a dip before starting to acquire bitcoins and people who actually expect a dip before they can start buying are the short term investors that all they want is to buy at a dip price and immediately the price increases they sell off their coin. These set of investors are more or less impatient and interested in short term profits rather than making long term investments that would be more profitable and risk free and gives more comfortability to ones assets.

you have a good point. Buying the dip ain't actually bad though, But always waiting for the dip before accumulating Any quantities of bitcon is not encouraging. You having such mindset would only lead you in accumulating lesser quantities of bitcoin and also missing out. because you're always waiting for the dip expecially those who are new in investing in bitcoin. That why if you are planning on buying the dip always back it up with some DCAing, with that would be able to accumulate some good quantities of bitcoin and it would be more profitable expecially when it's long-term investment.

Quote from: Roseline492 on Today at 09:41:24 PM

Yeah I agree with you Sir because I realized that most of the investors doesn't even have the intention to hold for a long term but instead they are more focus on the possible way to make some profits instead of focusing on Bitcoin holding because just like you mentioned there is no way they can compare the little profit they will make through trading to what Bitcoin will give them in the future because with the potential of Bitcoin the only way for people to see what Bitcoin is truly worth is by holding it for a very long term and however it will be very wise for them to change there narrative and start planning for holding instead of there flipping practice they are mistaken for investment.

them calling that investing is way off-topics. When come to investing you know that you're talking about the future (holding). Though might be tempting. But still ask your does it worth it selling your investment in such premature state, nahhh ain't worth it because I know that if a hold for long I would yeild more profit than just buying and selling in a short time interval. Just imagine the moment you selling your investment that when the bullish market begins and BTC is going through a new breakthrough. I would that feel, it will feel awful so if don't wanna feel such well start accumulating with funds you can keep for long with being tempt or having the urge of withdrawing it when it's still premature.