Re: Buy the DIP, and HODL!

Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying?

When there is a crash in the market, nobody knows how low it’s going to go, and when there is a pump, nobody knows how high it’s going to go. So what I do recommend to people ask me similar questions is just make sure you do your analysis before you start accumulating and make use of the DCA strategy.

Quote from: Btcdeybodi on July 09, 2024, 01:22:44 AM

We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k

The problem I have with some people who are always saying they want bitcoin to dump is that, no matter how much bitcoin dumps, they are not going to invest. They will keep on saying they want it to dump more before they are going to invest. Even if bitcoin dumps to $1k, some people are not still going to invest, they will keep on waiting for it to dump more until the price bounces back, and they will start regretting why they didn’t invest when the price drops.

Quote from: Rakib15 on July 09, 2024, 10:09:08 AM

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

I don’t know how you felt after your first investment in bitcoin. But I expect any newbie to panic when they want to invest in bitcoin, and after investing, and the market dumps. Any newbie that comes here and claims they don’t panic even when the market is dumping after they have invested in a coin is just deceiving himself. It’s normal for all newbies to panic, even if their intention is to hold for the long term.

When it comes to investing in Bitcoin we must always gain enough experience about the Bitcoin market before we invest in Bitcoin. Many times it is seen that in the condition of lack of experience in Bitcoin, investing in Bitcoin has to face more losses than clubs. But for those who are new or new to Bitcoin, I must tell them that before investing in Bitcoin, they need to know enough about Bitcoin before investing. Bitcoin we always have to have a long term plan and check the market and then invest. Many times it is seen that we are too hasty to rush back and make wrong decisions due to which we lose the profits that we have invested. If we can bring Bitcoin and invest patiently with a long-term plan, surely we will be able to earn enough profits in Bitcoin that will make us more interested in Bitcoin.

Short term plans and profit are basically for traders and if we’re talking about bitcoin knowledge we should remember that newbies accumulate and learn during the process. What’s wrong if newbies buy and learn at same time, in that way it’s beneficial because no one can actually predict bitcoin price or try to foresee with previous market price. That statement above talking about lack of experience about bitcoin market is actually not true, anyone can start their bitcoin journey with zero market experience and still make progress as I believe studying the market are meant for traders. newbies are here to learn including me personally, definitely buy and hold is the target and part of the learning process, if anyone should ask how does tracking bitcoin market works it’s obvious traders can give details not investors that’s why investors mostly newly investors are advised to avoid tracking the market, if I should ask no newly investor has ever mentioned of getting to a satisfied portfolio talk less of selling so there’s no point talking about experience in terms of tracking the market.