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Showing 18 of 18 results by Zozain
It is like someone calling you out and asking you if you can go out to a nice restaurant to eat. Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more. So you have a question in your head about whether you have the $50 or not. If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.
Yeah this could be another explanation of discretion. Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case. But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all Depends in your discretion.
Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is amount they have, which is meant to be within their discretional income, their is no reason making any form of comparison because it shouldn't be competitive, that your discretional income is small doesn't mean or shouldn't make anyone feel that their investment is slow because they are investing within their pace and peace of mind which is paramount, with is most important is your consistency since the target is for a long term.
Yeah dude I agree with you completely.like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case. But If also he has a more specific about what you want
Shower thought.
What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA.
Buy the DIP, and HODL
bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value.What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA.
Buy the DIP, and HODL
I agree with you ccumulating bitcoin and holding it for a period of time. Bitcoin is new but yet it has already surpassed Google, Microsoft, , Facebook in market value, but have been existing a long time bitcoin been came a life changing
Once we follow the required the pattern to go about in making an investment, then we are going to receive the benefits therein because we are almost going to be at the very top of all we are doing, we are going to invest at the right time, because we know the required speculation needed at that particular time.
There is no right tine to start your bitcoin investment because whenever you have the money available, you start right away and not monitoring the market to buy at the dip. This is why we have the DCA strategy to help use buy bitcoin with our discretionary income every week constantly without stress. A new investor that wants to invest in bitcoin and has sorted out how much of his discretionary income is convenient for him to buy bitcoin regularly overtime should start right away and don't miss the opportunity in the market because no one knows the direction bitcoin price will go to in the next moment. Quote
if we are the type that trade, our trades is going to be a profitable one because we must have seen or sense the coming market sentiment and resistance before any reaction is made.
From your statement above, I knew that was coming from a traders mindset. Trading is gambling and no matter how you think that you can outsmart the market, you will run at loss in the long run. Bitcoin long term investment is superior to trading and will multiple your bitcoin investment in the long run, while trading is the opposite, because you cannot know the price movement of bitcoin which is the magic that makes traders run at loss and not an option for anyone who is ready to build wealth for his future.New investors should stay away from trading because it will burn you, rather only invest in bitcoin and stay focus on accumulating more bitcoin with your regular DCA overtime for 4-10 years and above for the future. Everybody that understands bitcoin better is becoming hodlers and those who don't understand bitcoin but feel they do will see trading as an option, and will regret in the future.
I agree with your Your advice to Bitcoin newbie investors is commendable. Since the market is 100% unpredictable, it might be completely suicidal focusing on the short term fluctuations of the market, it’ll be more beneficial to develop a long term investment strategy. This involve setting a budget, setting out a particular investment amount that one can invest on a regular basis without feeling overwhelmed and most importantly, sticking to that long term plan for at least for some market cycle. In a nutshell, sticking to the DCA strategy can be extremely beneficial, especially for us as newbies that are still trying to learn how to manage their portfolio and also access the Bitcoin market.
Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.
Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.
I agree with you about how. engage with bitcoin for long term for sure they would enjoy the whole process especially if they meet good discussions about long term bitcoin investing
DCA strategy is an ideal method for any investor to grow their Bitcoin holdings, not just for beginners also for all kind of peoples. This period recommends depositing Bitcoins regularly and consistently, regardless of the rise or fall of the market index. People from all over the world can tend to deposit Bitcoins and it is a relatively simple strategy that allows people to invest any amount against their discretionary money.
Investors with sure alternative income source implementing the DCA strategy acts as a fuel for them to continue their deposit activities in the long term. need for sustainable funds is important which can help an investor reach his common goals. DCA can be excellent for investors who do not want to miss important market events due to investment for the fear of losing capital. Applying this method consistently will result in average in your portfolio
Am also afraid as you are because so many bitcoins will now be left in the hands of these institutional investors thereby leaving individuals with few or low bitcoins in their custody which means that we can just wake up to an unfavorable news especially when they start to consistently manipulate the market.
Regardless of the fact that you're speculating, I see some point in what you're saying, yes they'll definitely sale cause they can't hold forever but it's going to be a very long ride before they'll think of selling, I see Micro strategy as a company that's pictured what the future would look like with bitcoin and decided to pump lots of cash flow into it against the future, so i think they'll definitely sale but not anytime soon.[/quote
I agree with you completely So I don't think there is any need for anybody to start panicking about what could happen if these individuals someday decide to sell thetir portion of Bitcoin. Because for the fact that Bitcoin existed before Michael J Saylor bought his Bitcoin in August
, which is not a smart thing to do especially if you are a long term investor. If you are watching recent developments in bitcoin, you will know that we have gotten to the point where one entity can hardly drag the market to a halt. Even if Microstrategy decided to sell their bitcoin, the price will escalate
Instead of filling here with trading discussion when we are discussing how to buy and continue buying and holding, why not we take some of these discussion to the section meant for trading alone. There you can share your knowledge and experience about trading and it will be better appreciated because in here, most participants in this discussion are more focused in building their Bitcoin portfolio for long term HODL rather than buying and selling within a short interval of time which is what trading is basically about. I don't think there is anyone that condemned you for talking about trading just that your comments seems to be supporting trading in the wrong board, that is what I understand should be creating the reaction you are receiving from many people.
Most of us here have tried trading before learning how to invest and hold. If you will be honest with yourself, you will accept that holding comes with certain degree of peace that cannot be found in trading because in trading, your capital is constantly exposed to risk daily and weekly. This is the reason why many chose never to trade but concentrate in buying and holding.
In as much as we have passed through some processes of trading in life and have figured out that buying and hodling for the long term is probably the best approach to go about Bitcoin investment. This doesn't mean we can force our own side of things into another person. People will always make a decision that best suits their interests. And again, I wouldn't want to force my view on someone who hasn't seen the brighter side of it. Of course, we can share opinions and if such a person does not have his own personal condition it will be difficult for them to deviate from what they see is right. Most of us here have tried trading before learning how to invest and hold. If you will be honest with yourself, you will accept that holding comes with certain degree of peace that cannot be found in trading because in trading, your capital is constantly exposed to risk daily and weekly. This is the reason why many chose never to trade but concentrate in buying and holding.
Am sure many of us here have one way or another tried trading in the past. We know how long it took us to understand that it was the wrong path before we committed ourselves to long-term goals. In the meantime, there is a better approach to tell Tungbulu how dangerous trading is. Perhaps a real-life scenario/experience will be more encouraging. Let's just don't forget we didn't get to know about Bitcoin in the twinkle of an eye. Things we did wrong were part of what built our knowledge of how progressive and successful we have been in our investment.
You are actually right, Bitcoin investment is different from land investment but the truth is both are good investment. Selling Bitcoin because of the value it has gotten to is a trader mindset and this also means that the person doesn't really understand what Bitcoin investment is all about, the potential of Bitcoin and the person doesn't believe in long term investment. This high value of Bitcoin is not the end point of Bitcoin that is to say that Bitcoin is still going to pump even though there will be a Dip. However, when we sell land to buy new one sometimes it's not that easy to get a cheaper one, you will have to search and search and if you are in a developed area you won't easily find a cheaper one that's a little similarity with Bitcoin, when you sell your coin sometimes you may not see dip to invest back again unless you are fortunate to sell when Bitcoin is about to dip but it's not advisable to sell your Bitcoin and wait for dip to invest again it's a very wrong strategy for me.
I agree with you dip to Bitcoin investment different from land businesses again unless you are fortunate to sell when Bitcoin is about to dip but it's not advisable to sell your Bitcoin and wait for dip to invest again it's a very risk for me.
investment at the top just to buy again , that same bitcoin you sold when bitcoin dumps when you are still in your accumulation period
[quote author=Odohu à doubt about bitcoin and continue to be a skeptical dude in the scene for sure there would be more regrets will come to this guy especially that bitcoin awareness also the adoption continues to grow.
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Jeff Bezos has a philosophy "Be stubborn on vision, but flexible on details". Saylor did the right thing by joining the bitcoin otherwise he is the one who will be at loss. I have strong feeling that it's time that US new government will change it's policy towards Bitcoin as few governments have already adopted pro-bitcoin policy and getting good result because of that policy change. If there is policy change by US government towards Bitcoin then HODLers of Bitcoin will have a feast that world will see.
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Michael Saylor have become the new hero of Bitcoin and the greatest motivation for the HODLers. He has shown us the beauty of thinking long term when it comes to investing in Bitcoin and has also demonstrated the power of the DCA method which most of us are using in our Bitcoin collection. Anyone whose is not inspired by the courage and determination of Saylor is not really ready to key into investing as a way of building for the future rather than relying on 9/5 jobs.
We cannot speculate so much about the stand of the incoming US administration on Bitcoin but from what we know and heard from Trump, his government will be favorable to Bitcoin as he promise to make Bitcoin one of the investment portfolio of his administration. I understand that these are political statement from a politician but the burden is on him to keep to what he has said. Although his victory play a major part in seeing Bitcoin as high as it is now and I believe if he has a good stance on Bitcoin, we will see more gains. This is the reason we should not relent on buying Bitcoin despite that some will think it has gone too high. Just focus on getting more Bitcoin irrespective of the price because Bitcoin still look highly promising.
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I agree with you completely. This is the reason we should not relent on buying Bitcoin despite that some will think it has gone too high. Just focus on getting more Bitcoin irrespective of the price because Bitcoin still look highly promising. cannot speculate so much about the stand of the incoming US administration on Bitcoin but from what we know and heard from Trump, his government will be favorable to Bitcoin as he promise to make Bitcoin one of the investment portfolio of his administration. I understand that these are political statement from a politician but the burden is on him to keep to what he has
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Jeff Bezos has a philosophy "Be stubborn on vision, but flexible on details". Saylor did the right thing by joining the bitcoin otherwise he is the one who will be at loss. I have strong feeling that it's time that US new government will change it's policy towards Bitcoin as few governments have already adopted pro-bitcoin policy and getting good result because of that policy change. If there is policy change by US government towards Bitcoin then HODLers of Bitcoin will have a feast that world will see.
[/quote]
Michael Saylor have become the new hero of Bitcoin and the greatest motivation for the HODLers. He has shown us the beauty of thinking long term when it comes to investing in Bitcoin and has also demonstrated the power of the DCA method which most of us are using in our Bitcoin collection. Anyone whose is not inspired by the courage and determination of Saylor is not really ready to key into investing as a way of building for the future rather than relying on 9/5 jobs.
We cannot speculate so much about the stand of the incoming US administration on Bitcoin but from what we know and heard from Trump, his government will be favorable to Bitcoin as he promise to make Bitcoin one of the investment portfolio of his administration. I understand that these are political statement from a politician but the burden is on him to keep to what he has said. Although his victory play a major part in seeing Bitcoin as high as it is now and I believe if he has a good stance on Bitcoin, we will see more gains. This is the reason we should not relent on buying Bitcoin despite that some will think it has gone too high. Just focus on getting more Bitcoin irrespective of the price because Bitcoin still look highly promising.
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I agree with you completely. This is the reason we should not relent on buying Bitcoin despite that some will think it has gone too high. Just focus on getting more Bitcoin irrespective of the price because Bitcoin still look highly promising. cannot speculate so much about the stand of the incoming US administration on Bitcoin but from what we know and heard from Trump, his government will be favorable to Bitcoin as he promise to make Bitcoin one of the investment portfolio of his administration. I understand that these are political statement from a politician but the burden is on him to keep to what he has
⭐ Merited by Agbe (1)
Bitcoin investment is not all about investing during the bear market and sell during the bull run, how long will you keep on repeating this over and over again because of dollar gain and you forget that we are investing in bitcoin for long-term purpose which should be from at least 10-12 years and above. At the end when we are old, what will matter is how many bitcoin were you able to accumulate all through your accumulation phase because it is the size of your portfolio that will determine the profit in future when bitcoin price will reach 500k or more.
As I said everyone has their investment plan (target). If yours was s 30 years no problem. I started my investment in 2022 and today I have making profit so I will sell and reinvest again. That how I do mine. Good bye.
Can you set up a traditional investment that is flourishing and you sell all your investment to start afresh again because someone brought a good offer to you. It means that you are running from pillar to post, and bitcoin investment is far better than any traditional business because the price is still going up since bitcoin price has the tendency to continue its uptrend overtime than downtrend. I use to think like you before but after sleeping on thisetarget. One thing that I should let you know is that you don't sell because the price has reached your price target but sell because you have accumulated more than enough Bitcoin in your portfolio.
You claim that you know bitcoin investment more than everyone and you are planning to sell now, it shows that you don't know the exponential value of bitcoin, and I don't believe that you understand bitcoin investment than MicroStrategy who is buying huge amounts of bitcoin from time to time hoarding it for the future. This was how many early investors who bought bitcoin at $100 saw bitcoin at $1k and sold, currently they are regretting their actions and I hope that you don't regret yours.
Yes, agree with you there are two categories of Bitcoin, long-term and short-term investment. And the main feature of these two investment methods is the amount of risk.
but you could invest a small amount of money and then you don't necessarily perceive that the amount that you invested is materially affecting you, so in that case
. Trading has different timing but not 4 years. From my experience in cryptocurrency, I have not encountered 4 years trading timing. In trading there there are 1m, 15m, 4h, 1d, 1w, 1month to infinity
Curious about those who relatively ignore the many helpful messages here, Especially buying on dips, which many of them don't care about this scheme, Well in the end we are approaching $100k. Congratulations to those who came early because they got a lot of opportunities to buy on dips because there have been many major corrections in the last two years.
But don't despair for those beginners because we are also still in the early stages of long-term investment planning, so we are all doing DCA every week. Keep this idea, because I believe when the United States starts buying bitcoin regularly then we will see a lot of scarcity that occurs.
Yes, that's my assumption, believe it or not you have seen a lot of real evidence that currently new dominance continues to emerge where many companies have bought bitcoin so it's not just individuals. For that I suggest never selling your btc to the United States or better yet never selling your btc to anyone. Hold on until we really reach our satisfaction. Bitcoin is the best asset right now, I see in the media that bitcoin has surpassed silver capitalization in the order of the largest and most affected assets today.
I think it will be better you speak for your self, DCA strategy is a nice strategy to accumulate Bitcoin because it enables investor to accumulate Bitcoin regularly weekly or monthly according to the investor cash flow but by saying we all doing DCA every week generalizes that everyone do DCA every week meanwhile there are investor who only focus on lump sum while there are some who only wait for Bitcoin to dip before accumulating which is not a good strategy for someone who just started accumulating Bitcoin while there are also people who accumulate through the DCA strategy and still lump sum when ever the cash is available to do so while there also investor who accumulate Bitcoin every month and not weekly due to the time they get there salary to do so that is for salary earners who earn monthly.But don't despair for those beginners because we are also still in the early stages of long-term investment planning, so we are all doing DCA every week. Keep this idea, because I believe when the United States starts buying bitcoin regularly then we will see a lot of scarcity that occurs.
Yes, that's my assumption, believe it or not you have seen a lot of real evidence that currently new dominance continues to emerge where many companies have bought bitcoin so it's not just individuals. For that I suggest never selling your btc to the United States or better yet never selling your btc to anyone. Hold on until we really reach our satisfaction. Bitcoin is the best asset right now, I see in the media that bitcoin has surpassed silver capitalization in the order of the largest and most affected assets today.
I agree with you Sure you can choose to not show proof of work and to not provide any context for you post. That's up to you, and yeah, you might not give any shits if other guys know you or not, but sometimes it can help to build some credibility rather
This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000, I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.
I can see you are new to bitcoin investment, so I will not blame you so much for sounding this way, but I want you to clearly understand that the majority of people in this forum are not investing in bitcoin because of the $100k mark speculation, and even though bitcoin achieves the $100k mark today or tomorrow, we will still not sell our bitcoin investment for short-term profit. The majority of us are still in our accumulation journey, and we have not even a good quantity of bitcoin since we started this journey that would make us sell our bitcoin. Our ultimate concern is how we will accumulate the quantity of bitcoin we desire and hold it for 4-10 years or more before we can even think about selling our bitcoin investment. If you are not interested in accumulating bitcoin, stop saying this is not the time to buy bitcoin before you mislead your fellow newbies because there is no perfect time to start accumulating bitcoin than when you have discretionary income and you buy bitcoin right away.If you ignore those important ingredients which are having
a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.
a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.
It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.
If you use your backup funds for Lump sum buying, then you have exposed your investment to possible sale, because when you will be hit by emergency you won't have money to solve it, and at that time you will have no options than to sell your investment to settle the emergency. You can lump sum when you receive extra funding maybe from the sales of inheritance or when you receive funds from other business deals. But just know it that your backup funds is not meant for Lump sum buying or buying the dip.
It's actually not a problem if you end up having to sell your Bitcoin because of an emergency. I've done it before, and I have no regrets, although if I had held on I would have made a bigger profit.
if you have a reserve fund that can be used to back up emergencies. But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.
When you open a position with a broker or trading provider, you’ll be presented with two prices. If you want to trade at the buy price, which is slightly above the market price, you open a ‘long’ position. If you want to trade at the sell price – slightly below the market price – you open a ‘short’ position. The difference between the buy and sell price is known as the ‘spread’, which the provider takes to facilitate the position.
A long position in traditional trading is when you buy an asset in the expectation its price will rise, so you can sell it later for a profit. This is also referred to as going long or buying
Making a long trade doesn’t necessarily mean buying a physical asset. Derivatives like CFDs and futures contracts give you the opportunity to take a long position on a market without owning underlying asset. You are simply speculating that the price of the asset will rise.
A short position in trading is a strategy used to take advantage of markets that are falling in price. When you make a short trade, you are selling a borrowed asset in the hope that its price will go down, and you can buy it back later for a profit. It is also known as short-selling, shorting or going short.
Short-selling works by borrowing the underlying asset from a trading broker, and then immediately selling it at the current market price. Shorting is the opposite of going long – where you will make a profit if the price goes up.
Again, let’s say you want to trade bitcoin against the US dollar (bitcoin/USD). The current market price is 3919, and you decide to take a short position and sell 5 contracts (each equivalent to 1 BTC) to open a position at this price.
If you were right, and the value of bitcoin fell against the US dollar, your trade would profit. Let’s say that the new market price is 3874, you could close your position and take your profit by buying 5 contacts to close your position at the buy price of 3879, which is slightly higher than the market price due to the spread. Because the market has moved 40 points in your favour, the profit on your trade would be calculated as follows: 5 x 40 = $200. If the market moved against you by 40 points, you would have made a loss, calculated as 5 x -40 = -$200.
How to go long and short on markets
If you want to take a long or short position on a market, you can open a CFD trading account. CFD trading is the buying (going long) and selling (going short) of contracts for the difference in price of an asset, between the opening and closing of your position.
CFDs and are derivative products, because they enable you to speculate on financial markets such as shares, forex, indices and commodities without having to take ownership of the underlying assets. Both methods use leverage, which means you only have to put up a small margin (deposit) to gain exposure to the full value of the trade. This can magnify your potential profit, but also your potential loss.
How buyers and sellers affect the market
Buyers and sellers affect supply and demand – and therefore the price – of an asset. At any given time, one group tends to outweigh the other, and that’s the primary reason the price of a market fluctuates. When the buyers outweigh the sellers, demand for the market rises. As a result, the price of the asset rises. When it’s the other way around, supply increases and demand for the asset starts to drop – and the price falls. The way supply and demand affect markets is often referred to as volatility.
A buyer’s market is when buyers have the advantage over sellers. They can negotiate a better buying price for an asset because supply is far more than demand. A seller’s market is when there is limited supply of an asset and an overflow of buyers. In this case, the seller has the advantage.Ct
When you place a trade, you are either ‘buying’ or ‘selling’ a financial instrument
A long position in trading is when you buy an asset in the expectation its price will rise
A short position in trading is when you sell an asset in the expectation its price will fall
You can go long or short on a market by opening a CFD account
When buyers outweigh sellers, demand increases, and price rises
When sellers outweigh buyers, supply increases, and demand and price drop.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.
Start buying at timed intervals, On the long run you increase your stack and got less worries about the price. It will give ease of mind to not check the charts every x minutes ; )
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How to Buy the Dip in Crypto
If you often visit online forums like Reddit or Discord, you’re likely familiar with the dark humor around buying the dip in crypto. However, if you purchased crypto for the first time during the peak of November 2021, then you experienced the opposite. You bought at the height of the market.
But what do people mean when they insist on buying the dip? More importantly, is buying the dip a profitable trading strategy? You’ll find out soon. The principles governing buying the dip are consistent across any market, including the cryptocurrency market. Simply put, buying the dip is a strategy that involves purchasing a crypto asset after its price has dropped.
What Does it Mean to “Buy the Dip”?
Indeed, the term “buy the dip” has become overused. Generally, people casually use it to describe buying crypto whenever it falls in value. This widespread usage makes it difficult to differentiate between various types of price declines and encourages attempts at market timing.
When you try to buy the dip, you assume three major things. Firstly, you assume that a crypto’s price has fallen from its peak. Secondly, you believe that the decline is temporary because the project’s fundamentals are sound. Finally, you also assume that the crypto’s price will rebound in the near or intermediate future, eventually surpassing the price at which you purchased the token. Hence, investors often describe market dips as opportunities to buy at bargain basement prices. As a result, many speculate whether the current crypto market doldrums represent the dip before the rebound.
Should You Buy the Dip?
We believe in providing clear answers. That’s why we can definitively say that the success of buying the dip depends on the market, the cryptocurrency, and the investor. Admittedly, buying the dip can minimize the cost of a position and increase potential returns. Nevertheless, this only stands if the long-term price trend is positive and the cryptocurrency is solid.
The fundamental fact remains that buying the dip always involves risk. While risk is inherent in trading, the risks are much greater when buying the dip effectively amounts to nothing more than trying to time the market. Furthermore, there’s another major pitfall to consider. Buying the dip can work well with solid assets, but most cryptocurrencies are extremely volatile, leading to magnified losses.
In the stock market, there is generally a good reason when the price of a security declines. In contrast, the crypto market often follows its logic. For example, Solana holders faced an unpleasant surprise when SOL lost most of its value following FTX’s implosion. However, it has rebounded by as much as 20% recently.
Ultimately, given the inherent volatility of the crypto market, buying the dip can be an exceptionally risky proposition.
How to Buy the Dip in Crypto?
Here’s a step-by-step guide on how to buy the dip:
Research and Analysis
The first strategy to develop when buying the dip is to identify potential dips. Monitor the market and identify potential dips before they happen. You can do this through technical analysis or by following the news and observing market trends.
Additionally, you need to understand the underlying value of the cryptocurrency. Important factors to keep in mind include the project’s fundamentals, news, and developments in the blockchain space.
Set Alerts and Notifications
Another helpful tip is to use tools and apps to set price alerts for your target cryptocurrency. This ensures that you get notifications when the price reaches a level you consider a dip.
Determine Entry Points
Identify key support levels where the price might rebound. Use historical data, technical indicators like moving averages, and trend lines to find these entry points.
How to Buy the Dip in Crypto
Risk Management
Every investment is a risk and for every project, you need to determine how much you’re willing to risk. Decide how much you’re willing to invest and potentially lose. Never invest more than you can afford to lose.
Specifically, you can use stop-loss orders to limit potential losses if the price continues to fall.
Time the Market
When it comes to buying the dip, patience is a great virtue. Be patient and avoid impulsive buying. Wait for confirmation that the price has stabilized and started to recover before buying.
Diversification
Avoid putting all your funds into one cryptocurrency. Diversify your investments across different assets to spread risk. By investing in a mix of established cryptocurrencies, promising altcoins, and stablecoins, you can create a hedge against volatility.
Stay Informed
Keep up with market news, regulatory changes, and other factors that can impact cryptocurrency prices. This helps in making informed and current decisions.
Execution
When you’ve reached your target price, execute your buy order on your chosen cryptocurrency exchange. You can use limit orders to ensure you buy at your desired price.
Monitor Your Investments
After buying, continuously monitor the market and your investments. Be ready to adjust your strategy if necessary. Crypto investors need to be flexible and adjust their strategies based on current market conditions. Prudent measures like using stop-loss orders and avoiding leverage will help manage risk.
Review and Learn
Finally, always analyze your trades, whether successful or not, to learn and improve your strategy for future dips.
Alternatives to Buying the Dip
You may consider different crypto investment approaches beyond buying the dip for success. For instance, adopting a dollar-cost averaging strategy allows you to purchase a fixed amount of crypto at regular intervals. This method naturally means you buy more when prices are lower, effectively capturing dips without needing to time the market. Buying the dip has historically proven effective for Bitcoin and similar assets. However, beware of deeper price cuts where it shifts from strategic purchase to speculative bet. There are bargains to find, but importantly, always exercise caution.
How to Buy the Dip in Crypto
Final Thoughts
To summarize, purchasing the dip in crypto trading entails identifying and acquiring an asset during a temporary price decline. Usually, this is done in anticipation of a subsequent price recovery and it enables investors to capitalize on the uptrend. However, for this strategy to yield profits, it necessitates meticulous analysis, effective risk management, and a comprehensive grasp of market dynamics.
Bitmama offers a secure marketplace for crypto enthusiasts. Perform activities like crypto trading and creating virtual dollar cards for online payment. Get started today by downloading the Bitmama app.
AA
Adeola Adebo
Jun 26, 2024
5 mins read
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[/quote
How to Buy the Dip in Crypto
If you often visit online forums like Reddit or Discord, you’re likely familiar with the dark humor around buying the dip in crypto. However, if you purchased crypto for the first time during the peak of November 2021, then you experienced the opposite. You bought at the height of the market.
But what do people mean when they insist on buying the dip? More importantly, is buying the dip a profitable trading strategy? You’ll find out soon. The principles governing buying the dip are consistent across any market, including the cryptocurrency market. Simply put, buying the dip is a strategy that involves purchasing a crypto asset after its price has dropped.
What Does it Mean to “Buy the Dip”?
Indeed, the term “buy the dip” has become overused. Generally, people casually use it to describe buying crypto whenever it falls in value. This widespread usage makes it difficult to differentiate between various types of price declines and encourages attempts at market timing.
When you try to buy the dip, you assume three major things. Firstly, you assume that a crypto’s price has fallen from its peak. Secondly, you believe that the decline is temporary because the project’s fundamentals are sound. Finally, you also assume that the crypto’s price will rebound in the near or intermediate future, eventually surpassing the price at which you purchased the token. Hence, investors often describe market dips as opportunities to buy at bargain basement prices. As a result, many speculate whether the current crypto market doldrums represent the dip before the rebound.
Should You Buy the Dip?
We believe in providing clear answers. That’s why we can definitively say that the success of buying the dip depends on the market, the cryptocurrency, and the investor. Admittedly, buying the dip can minimize the cost of a position and increase potential returns. Nevertheless, this only stands if the long-term price trend is positive and the cryptocurrency is solid.
The fundamental fact remains that buying the dip always involves risk. While risk is inherent in trading, the risks are much greater when buying the dip effectively amounts to nothing more than trying to time the market. Furthermore, there’s another major pitfall to consider. Buying the dip can work well with solid assets, but most cryptocurrencies are extremely volatile, leading to magnified losses.
In the stock market, there is generally a good reason when the price of a security declines. In contrast, the crypto market often follows its logic. For example, Solana holders faced an unpleasant surprise when SOL lost most of its value following FTX’s implosion. However, it has rebounded by as much as 20% recently.
Ultimately, given the inherent volatility of the crypto market, buying the dip can be an exceptionally risky proposition.
How to Buy the Dip in Crypto?
Here’s a step-by-step guide on how to buy the dip:
Research and Analysis
The first strategy to develop when buying the dip is to identify potential dips. Monitor the market and identify potential dips before they happen. You can do this through technical analysis or by following the news and observing market trends.
Additionally, you need to understand the underlying value of the cryptocurrency. Important factors to keep in mind include the project’s fundamentals, news, and developments in the blockchain space.
Set Alerts and Notifications
Another helpful tip is to use tools and apps to set price alerts for your target cryptocurrency. This ensures that you get notifications when the price reaches a level you consider a dip.
Determine Entry Points
Identify key support levels where the price might rebound. Use historical data, technical indicators like moving averages, and trend lines to find these entry points.
How to Buy the Dip in Crypto
Risk Management
Every investment is a risk and for every project, you need to determine how much you’re willing to risk. Decide how much you’re willing to invest and potentially lose. Never invest more than you can afford to lose.
Specifically, you can use stop-loss orders to limit potential losses if the price continues to fall.
Time the Market
When it comes to buying the dip, patience is a great virtue. Be patient and avoid impulsive buying. Wait for confirmation that the price has stabilized and started to recover before buying.
Diversification
Avoid putting all your funds into one cryptocurrency. Diversify your investments across different assets to spread risk. By investing in a mix of established cryptocurrencies, promising altcoins, and stablecoins, you can create a hedge against volatility.
Stay Informed
Keep up with market news, regulatory changes, and other factors that can impact cryptocurrency prices. This helps in making informed and current decisions.
Execution
When you’ve reached your target price, execute your buy order on your chosen cryptocurrency exchange. You can use limit orders to ensure you buy at your desired price.
Monitor Your Investments
After buying, continuously monitor the market and your investments. Be ready to adjust your strategy if necessary. Crypto investors need to be flexible and adjust their strategies based on current market conditions. Prudent measures like using stop-loss orders and avoiding leverage will help manage risk.
Review and Learn
Finally, always analyze your trades, whether successful or not, to learn and improve your strategy for future dips.
Alternatives to Buying the Dip
You may consider different crypto investment approaches beyond buying the dip for success. For instance, adopting a dollar-cost averaging strategy allows you to purchase a fixed amount of crypto at regular intervals. This method naturally means you buy more when prices are lower, effectively capturing dips without needing to time the market. Buying the dip has historically proven effective for Bitcoin and similar assets. However, beware of deeper price cuts where it shifts from strategic purchase to speculative bet. There are bargains to find, but importantly, always exercise caution.
How to Buy the Dip in Crypto
Final Thoughts
To summarize, purchasing the dip in crypto trading entails identifying and acquiring an asset during a temporary price decline. Usually, this is done in anticipation of a subsequent price recovery and it enables investors to capitalize on the uptrend. However, for this strategy to yield profits, it necessitates meticulous analysis, effective risk management, and a comprehensive grasp of market dynamics.
Bitmama offers a secure marketplace for crypto enthusiasts. Perform activities like crypto trading and creating virtual dollar cards for online payment. Get started today by downloading the Bitmama app.
AA
Adeola Adebo
Jun 26, 2024
5 mins read
Join Newsletter
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Buy Airtime & Data
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Did you know you can do more with crypto while on the go?
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Quote from: JayJuanGee tlink=topic=5487753.msg64699931#msg64699931 date=1730647317
I don't think this is correct, because you don't know about all the investors history. But while everyone can start out at a loss, many investors are new so it's normal to lose. But the probability of bitcoin investment loss is very low, if you observe you can definitely see many gamblers who have been holding for a long time are definitely successful. Investors who follow the advice in this thread will have very little chance of losing. Bitcoin is the only long-term investment that is key to its success.
Investors who have held Bitcoin for a long time and also still really like to increase their Bitcoin by buying are investors who really know about the history of Bitcoin itself so that they no longer hesitate to continue buying Bitcoin as their investment asset for a long period of time. Currently I still believe that every day there are always investors who exchange their money for Bitcoin with methods that they often use because they no longer think about the potential for losses while still holding Bitcoin.Meanwhile, new investors will usually be busier looking for references and knowledge for themselves so that their mentality can be better trained when holding Bitcoin or when they want to buy Bitcoin again at this time. Because those who have not been holding Bitcoin for long will usually ask more questions to people who have invested in Bitcoin for a long time so that they can get a little guidance from those who have had earlier experience in Bitcoin.
You are correct. Many times bitcoin investors come to realize that it is better to just ongoingly, persistently and consistently buy bitcoin rather than screwing around trying to figure out whether there is a dip or might be a dip, and sure it might make some of the newbie investors feel better to be buying bitcoin on the dip, yet it is still likely going to end up paying off way more for the newbies to develop a personality and a habit to be buying bitcoin persistently, consistently and ongongly at least for a whole cycle and perhaps even longer than a whole cycle depending on their financial situation and/or whether they are able to front load their BTC investment.
Sometimes realization will always comes late since what usually happen for some investors is they entertain other means to possibly earn bitcoin that's why they explore on some things that they thing can passively generate them some good profits. But on process they would know that its hard to earn consistently by doing trades especially if the market is so volatile. Usually they discover later on that holding is more better investment option to do especially when they see the past historical movement of bitcoin and see that holders is always the winner towards this matter.
But somehow its good experience to deal with other means of how they deal with their bitcoin since by picking up the best option like hodling for sure they would never messed around with their bitcoins since they know what is bad and more better investment for them.
I agree with you holding up Bitcoin is the most important thing in Bitcoin investment, losses are inevitable is it as results of poor management knowledge and skills are required.
Investing in Bitcoin could cause risk and losses possibilities is not neglected but it has never causes risk for holders
I feel that if an investor observes the regular market after investing and gets excited due to negative or positive changes in the market, he will never be able to hold his investment for a long time. A person is monitoring the market to invest continuously but if another investor checks after investing little by little how much profit or how much loss he has, but this will create obstacles in keeping his investment for a long time.
What you mean is that an investor after making an investment will be ready to sell his investment if he sees a positive or negative change in the market after regularly monitoring the market. No it is not correct at all because monitoring the market regularly does not mean that he cannot prolong the investment. Investors gradually become more experienced about the market as a result of regular market observation. There are many people who constantly monitor the market while investing, the main purpose of which is to see if the price of bitcoin has decreased in the market, if the price of bitcoin decreases, they will take the opportunity to buy more bitcoins during that dip. Many also observe how much their invested portfolios grow as the value of Bitcoin increases. clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.
No, I never said it's a Ponzi "Scheme" with an entity on top running the "Scheme". Get the whole context. Bitcoin, like Gold, is a naturally-occurring Ponzi. It's simply a market that was boot-strapped by a community that values the asset.
¯\_(ツ)_/¯
BUT, Bitcoin does have technical features that ARE VALUED especially by some groups of people that are in need of censorship-resistance.
Obviously, you are being sarcastic and I understand it clearly.
I'm not being sarcastic. Bitcoin is like Gold - it's a naturally-occurring Ponzi. But it's NOT a Ponzi "Scheme" with a nefarious entity on top trying to scam people. It simply means that a market developed around something that was adopted and which is valued as an asset class.
¯\_(ツ)_/¯
Plus as a decentralized, censorship-resistant asset that could give its users some self-sovereignty, it SHOULD be valued.
Do you even know about Ponzi or the origin of that name, well for your information that name dates back to Charles Ponzi the creator of Ponzi Scheme or rob Peter to pay Paul investment activity. He was always known for his criminal activities from a young age until he came to US. The name Ponzi "scheme" and relates to his fraudulent act of 1920 where he defrauded US investors of almost $15 million before being convicted and sent to prison. so, There is no Ponzi without the scheme going hand in hand. Ponzi Invented Ponzi scheme, so there is no way you are making a strong point out of that without hinting on criminal or scam undertones. read This for more clarity
Bitcoin on the other hand was born out of the underlaying desire to foster accountability, transparency, security and value for your money which promotes a sense of inclusion and an equal opportunity to everyone that adopts it properly to benefit from its abundance. bitcoin was intentional and not just something naturally occurring and the intentions have not changed but continues to be validated as it gains more recognition and trust among investors.
So next time, even if you are drunk, DO NOT ASSOCIATE BITCOIN WITH PONZI EVER AGAIN.
Ser, the term "Ponzi" was merely stigmatized because the originator was a scammer. But TECHNICALLY it describes how in order to exit the system with some profit, NEW MONEY must enter that system. Do you understand?
Bitcoin is a naturally-occurring Ponzi LIKE Gold, NOT a scam like those Ponzi Schemes that has a nefarious entity on top. There's a difference, ser.
Just known that whatever means you choose to save you money with, it should be well secured. We have heard of many Bitcoin wallets hack here on the forum. But just because we haven't seen one and don't pray for such, doesn't mean its not possible with Bitcoin. Make sure to keep your keys safe and away from the reach of others and the internet. Again. You can diversify your savings into two.nits even better that way so if one goes wrong, you can have something to fall back on. If you choose banks in Nigeria for savings then make sure you use those standard banks that have big branchs and head offices here in the country.. if it's crypto then keep your keys safe. Just remember anything if possible when it comes to hacking or losing of funds. But that's not our portion..
Yea I agree with you in any means one chooses to save money crypto currency is the can of life changer for .Bank in Nigeria is standard reliable , just remember anything is possible when it comes to hackings of fund.
Re: Naija Novice Hangout {Newbies introduction & Orientation} Thread.
Username: zozain
State: rivers
Am so happy to be a member of Bitcointalk hope am welcome .And I will be very happy to learn from high ranks member in this our local board
State: rivers
Am so happy to be a member of Bitcointalk hope am welcome .And I will be very happy to learn from high ranks member in this our local board