Quote from: Frankolala on Today at 06:47:03 PM

Quote from: Familian on December 18, 2024, 09:40:43 PM

Quote from: Naida_BR on April 17, 2019, 07:11:15 AM

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying at the dip isn't anything difficult to identify, if you have been following the market price of bitcoin you would have discovered different moments of dip from when price first got to $100k it retraced and made a dip before setting a new ATH at $104k and then pulled back again. These pull backs could be identified as a dip except that at every point when the price rises there's a price mark you have set for yourself for price to fall down to before you get to identify it as price dip. You have to be aware that we're in the bullish season and as such you shouldn't expect price to fall down down below to declare a clear dip, that can only happen when we are going bearish.

You can only identify the dip when it comes because the price of bitcoin will reduce in value just as it has dip to $98k+ currently, as I am typing this post. You cannot know when the dip will come because nobody can predict the price movement of bitcoin making it impossible to identify the next dip.

Trying to identify dips, shouldn't be your concern or priority but to keep your bitcoin buying regularly without interruption, and how to increse your income so that you can also increase your DCA amount to faster growth of your bitcoin investment. Those that are waiting for the dip, bitcoin has given them another opportunity to buy bitcoin now that the price is 98k+

Some many Bitcoin enthusiast are probably waiting on the price to slash back to maybe $50k or below which is possible and also not possible as no one can tell but this type of mentality only gets you nowhere and also the reason I feel most persons are waiting on the price to dip before they start buying is because they actually don't know or plan on holding their Bitcoin for long term purposes because if they understand the truth about Bitcoin then starting now is probably the best thing you are doing for yourself although the idea of long term must be installed at the back of your head.

When you start your investment now and continue buying no matter the price change you will find out you might have stashed up a lot of Bitcoin in your portfolio after consistent DCA buying and also when that particular Dip comes during the bear season you might double up your money used in buying to get better value as the price is down but one thing is certain if you consistent and that's growth in portfolio no matter the price difference because after holding that coins for long, Bitcoin is still going to go up even up $500k someday so just consistently buy and hold and when the dip comes you even buy more and more.