You don't really have another choice, right? I joke about the whalecumulators, but what can us regular folks do? Just buy the dip and hold on tight! You definitely don’t wanna be left with nothing when the next cycle hits.
When in doubt, always zoom out.
DON’T FORGET THE VISIONARY!
Society is still pretty skeptical of Bitcoin, which is a good thing. It means we're still in the early adoption phase and we probably have a couple more of these cycles left. Once it becomes obvious to everyone, it's unlikely to keep repeating. At that point I expect the trajectory to change. Either we'll enter a bearish supercycle and adoption will wane, or we'll enter the vertical phase of an S-curve and price/adoption will rise much faster than ever before.
In the S-curve scenario, I think 8-figure USD valuations for BTC are possible, and probably a lot sooner than most people around here would expect too.
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!
there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
It matters. Buying the dip is more efficient, you can buy more, and it supports the price whenever the whalecumulators are dumping hard on our faces. Enjoy the aroma, sooner or later they'll find out that selling is a mistake.
if the majority of investors were wise instead of panicky then we would have never had big whales as we do now and we would have never had such unrealistic drops to such low prices that make your head spin
the problem is that most people prefer listening to FUD and then panic buying when it is already getting late like what we had in the past weeks that they didn't buy when price was in $3k and i was saying this is not just the bottom it is below bottom but then they started panic buying when it got close to $5k!!!
of course everyone wishes to get the best offer possible when they are buying anything specially as an investment but as in investor you don't have that luxury all the time. for example imagine you were putting something like 5% of your paycheck every month into bitcoin. when you get paid you can't just sit around waiting for a dip to occur to buy bitcoin with it, you just buy it because waiting around can mean a rise or not change at all too.
With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.
Can you though ? Like can you really know when you are at the dip ? Maybe we are at the biggest dip we will have forever ?
Maybe bitcoin will skyrocket tomorrow and will never come back to this prices ever in history of bitcoin, you may think that is impossible but people who waited for a dip at 1400 at the same idea as well, the price went down a lot and they waited for it to go down even more and when it started to go back up they waited for it to go back down but the price only kept going up and never seen those numbers again.
That is why buying every dip is a good suggestion but its never something easy that you can do yourself without ever knowing when you are at the dip, execution is much more difficult than the advice. I agree with the idea but I have failed on the execution multiple times.
Well you dont need to identify the dip instead you must trust the coin if this will recover or not but for sure you know the answer about my point
Never put this in your mind since bitcoin is not for short term trading meaning if you purchase this coin the you must be ready for the rollercoaster ride of the value of this great coin
That is it and you have really give a good advice. I think we are going to have another trading cycles soonest and buy when bitcoin or others coins goes down again is the right things to do. I wish we understand all the investment opportunity in cryptocurrencies market and takes the advantage of it and makes money.
It is hard always to buy the dip because we don't know when the dip is coming. But we have a chance to buy after the dip is coming but still buying in the dip will always give us a big chance to make a big profit later. I always try to buy every dip, and I try to place at a very lower price, but as I said before, I am not too often to get the lowest price, but it's not a problem for me because I can get a lower price.
Perhaps, after I bought the coin, the price will down in 2-3 times then it start to increase so at least I still get a chance to make a profit after a few hours. But if the price is moving so fast, then my chance to make a profit will bigger because I don't have to wait for a long time. That is why we need to place the order buy in many places especially in every lower price so we could get the lowest price to buy.
This is the golden rule to follow if we want to make money in crypto, it's pretty a cycle of a long period pump and dump.
Every market situation gives as an opportunity, and only a smart trader can spot what kind of opportunity he will face in a certain market condition.
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 ; )
Buying the dip doesn't necessarily mean collecting profits in a flash. There are times that a dip takes a long time to recover from, and I think it's not a smart move to get your funds inside a highly speculative asset if you are short on cash and you can't take the risk. In the case of bitcoin however, buying the dip is, most of the time, a smart move given bitcoin's ability to bounce back no matter how sharp the decline was. But then again, one must still allocate funds correctly on investments and other personal matters in order to not get in a tight situation should the dip prolongs and falls further.
That sounds like pure FOMO thinking in action, which is a dangerously emotional way of looking at any market. What people should have done was to buy bitcoin when it was stagnant in the $3000-3500 range for months, and even then that would have been a gamble. But it was pretty clear (to me at least) that bitcoin was going to break out of that range eventually, although whether the breakout direction was going to be up or down was anyone's guess.
Right now I wouldn't worry about buying any dips, because there's really no upward momentum that's been established yet. When you hear people talking about buying the dips, it's usually when the market is in the midst of a big bull run, and the dips are short breaks on a continuous upward trend. That isn't what's happening with bitcoin at the moment.
It's so funny that every ATH in the future is a dip for a new ATH in for example 5-10 years from now.
This is why buying bitcoin everytime is viable. It's because it will just go up in the future.
Having bought at every dip is at ones discretion because of how much you decide to accumulate at this interval is also a risk for one to take since it can down further just like last year for many people who invested into their choice of doing buying at that time.
As I got some yesterday at this time and now it is about $250 more it is good to think you have done the right thing.
A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.