Quote from: JayJuanGee on Today at 01:21:17 AM

Quote from: Agbamoni on Today at 12:40:13 AM

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!

You are getting it all wrong. Perhaps you don't understand what it means to buy the dip. Buying on dips is not a must, and of course you should only buy the dip with your reserve funds prepared specifically for whenever you think it is the right time to buy. You don't necessarily have to buy the dip at all times. No, you buy the dip only when you are ready financially. Note that, buying on dip is not a primary strategy to invest in Bitcoin. If you intend to use buying on dip to accumulate your bitcoin you may stay for long before reaching your target. It is believed that if you try to wait for the dip when you are accumulating you may never meet the dip. It is like timing the market to get a perfect entry point in the market. No one can every get the best time to buy bitcoin since timing the market is completely an act of trading.

What are you afraid of? Are you not a long-term investor? If the reason why you want to buy the dip is to sell after the price starts going back up, you are endangering your Bitcoin investment. Always know that there is a possibility that after buying the dip the price can still dip more. In case you don't know buying on dip for the sole reason of selling way up is simply trading. Instead of that buy the dip and hold for long term. You will enjoy the result in the future. If you are finding it difficult to understand some things feel free to ask questions.
That is the purpose of this thread.

It does seem that Naida_BR is aiming at trying to trade bitcoin rather than long term investing, and he may well either not have confidence in bitcoin and/or he may not have any fucking clue about what bitcoin is, besides something in which number might go up.

In my observations of Naida_BR post, while it clearly indicates that he is aiming to trade Bitcoin rather than investing for long term, it may also be that he is an investor with a wrong investment approach of completely relying on TA before buying Bitcoin and this of course will traumatize his emotions by being proved wrong, he can adjust his strategy to confidently suit his risk tolerance level in accordance to his investment goals and objectives, the purpose of joining this community is to learn and unlearn, for me I always appreciate the knowledge that is shared here especially from reputable member like you sir jayjuanGee.