Quote from: JayJuanGee on Today at 04:45:25 AM

Quote from: Richbased on December 10, 2024, 08:12:40 PM

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Your suggestion hardly makes any sense.

This thread was started during an upwards trend in the price, so the suggestion back then was to buy any dip that happens, while the TC price was seeming to trend up, and in fact between the beginning of April 2019 until the end of June 2019, the BTC price went from $4,200 to $13,880, so it is was quite a ride during the first three months of this thread.

Even if we are in price discovery territories, there can always be dips, yet anyone brand new to bitcoin should not be focusing on buying dips, but instead focusing on buying bitcoin regularly, persistently and consistently,. whether it dips or not for the next 4 years or more.

There are always going to be contemplations from newbies how they engage in their BTC accumulation strategy, including questioning themselves whether they should wait to buy dips or to just buy regularly, and surely many of us might not even necessarily agree in regards to which BTC accumulation strategies to follow.. while at the same time, it seems a bit schizophrenic to be changing the name of the thread based on BTC market dynamics or perceptions of market dynamics.

And there was a discussion quite a while ago that it's impossible to know what a dip is. At best it would be measured in subjective terms, but then in relative terms I guess it would hardly make sense to wait for self-defined dips. Just from my own experience, at this point I would say those who have been around for a while would a price dump from $100k to $90k call a dip, maybe rather a small dip, but then it is still only 10% and the risk that instead it could have went up 20% giving you a weaker entry point probably outweighs the potential to catch a "dip" in the perfect moment.

If for some reason someone has credible information, which I think hardly anyone has except for maybe US politicians if they were to start a major campaign for or against bitcoin, then for god's sake go and try your luck. But I saw major bitcoin investors being wrong and if some of them don't have credible information that allows them to play the market, then 99.999% of other people don't have credible information.

I remember when these technical analyses on Youtube and Twitter were a thing and people followed those "experts" in the millions. As far as I can tell this trend has significantly decreased, but some people will still follow some lines drawn by some self-proclaimed expert and then try to catch the dip...

I believe there are at least as many people who missed the train at $70k because they were waiting for it to go to $60k or even $50k as there were people who had made up their mind and decided to take the opportunity regardless of whether there could be a drop that some might consider a dip. It is almost enough to assume that bitcoin will remain volatile for a long time, which means buying when the price is on its way up will be neutralized by buying when it is on its way down and then again on its way up. In order to lose, bitcoin would literally have to crash nonstop from the day on where someone decided to get in. How likely is that...?