If you missed the last few dips, don’t worry, there’ll be more down the line. Right now, we’re in one.
We're currently experiencing a dip
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This is the same point when certain personalities advised people who have always been waiting for that big dip to just buy right now. In the future, when we look back, does it matter that we bought at $114,000 or at $118,000? When Bitcoin finally reached $450,000 or $1,000,000, is it a big deal that we bought at $115,000 or at $120,000?
The point is not to think of those small differences and focus on the long term. Stack as much Sats as you can and as early as possible. The cost of failing to do so might mean being left behind.
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#3Oct 13, 2017, 02:01 PM
stack stack stack stack.
in a short time BTC will pass 1,000,000 or tank under 10,000.
basically it is 21,000,000 items no more no less.
so it is as anti inflation as possible.
so it will just go up. 🆙
unless there is a flaw that pretty much kills it.
I figure in 7 years it is over a million or under 10k
so I get over eight to one in the next 7 years on my 120k price now.
I agree with that being the intended interpretation, though it will confuse people who don't understand the interpretation. They will look at the post, then the chart, and think "what dip? we're at all time high?".
While waiting for a lower and lower price has usually led to regret, though being strategic and buying gradually/DCAing has always been a better strategy than having the FOMO mentality of "the price will go infinitely higher so I should just put everything into Bitcoin now!", as sometimes that mentality has led people to buy in at the top, and 1 - 4 years of being in a loss (sometimes being forced to sell).
Good financial management and avoiding FOMO is the best strategy. Be responsible with your money. Make sure you can survive a winter if one is to come (irresponsible to think a winter will never come, as history has shown).
viper_blockSenior Member
Posts: 205 · Reputation: 1216
#5Oct 15, 2017, 03:56 PM
We will see another dip after the price reach the highest temporary price or after hit the new ATH. No need to worry because they will have their time to buy Bitcoin. But if they still delay it and not take action, they will really late buying Bitcoin.
Bitcoin price almost hit $120k (or already hit) so there will be a down for a moment. That will be a good opportunity to buy Bitcoin and hodl it. They must calm down for a while and not trigger to buy rush because that will make them disappoint especially if the price is down later.
$120,000 could be low as Bitcoin have a big opportunity to increase more than that. So there is still a chance to invest in Bitcoin.
His statement doesnt make logical sense but I understand the point he was trying to make. As long as there continues to be inflation, there is no limit to how high Bitcoin can go. Anybody looking at a price chart can come to the same conclusion. Even if you buy at current prices, you will still come out ahead eventually if you continue to hold.
It seems to me that logic is not your strong suit.
Sure.
A little while ago the price has reached 121,200, right now it is at 120,900, so strictly speaking it is a dip. You can play guessing when the price is going to go up or down so you get close to a 100% chance of losing your dough in the long run or just buy and hold and you will make a lot of money doing practically nothing. It's clear to me.
Saying "we are still in a dip", during the current pico top of a cycle requires a bit of mental gymnastics to fully make sense. If it was meant to be interpreted differently from the conventional understanding of a market dip, and being a hundredth of a percent from the ATH on CoinMarketCap certainly isnt considered a dip to the majority of people, that's perfectly fine. Semantics arent really important as long as he got his point across.
Of course, in the next circle bull run those who are buying at the current price of $121+k will be happy that they bought at the dip. Only those who have the insight of what bitcoin price will reach in future are the ones who will be buying happily and accept that they are buying at the dip.
Every price entry is a dip as long you are on a long term bitcoin investment. Bitcoin is really doing great and in no time, it will become the second asset after gold before taking over from gold in the long run. Don't stop stacking.
Exactly. It's more likely because right now, there's no resistance or price history that Bitcoin achieved from the past. It's like heaven is the limit until we start pulling back below and I believe that is the dip that CZ is talking about, more likely correct, just check how previous all-time high breaks behave.
ledger_lynxMember
Posts: 20 · Reputation: 208
#11Oct 22, 2017, 02:00 AM
Considering what we speculate about what the price of Bitcoin will be in the future one can actually say the price of Bitcoin now is at dip this should also encourage investors to keep accumulating more Bitcoin knowing that the price will be increasing as the year goes, but viewing it in another angle it sounds funny to consider the current price of Bitcoin now to be dip I believe Bitcoin has hit another ATH since everything we are doing is just speculation about the price of Bitcoin in the future no body can really tell so Bitcoin should be considered high now and not dip.
Basically CZ is telling us "It's FOMO time. Buy buy buy!". I hate thinking about the times when the BTC price was 5x or 10x lower than now and feeling the regret of not buying or not HODLing enough BTC. The past is gone and there's no point having regrets about past decisions.
The current BTC market is in a weird situation. There are still talks about high tariffs, but the BTC price isn't dropping like it did 2-3 months ago. The price is going up for some reason. This is a summer price pump, which is also weird. I don't remember July being such a bullish month for Bitcoin. Usually the crypto markets are very boring and stagnant during the summer months.
What you have observed about what the CZ said is what I think because he wasn't thinking about it now but in the future because there is no how somebody would have called were we are now a dip because we are certainly not on the period of dip but however going by the long term basis to justify his reasons his theory is correct because if in the future we see $900k in bitcoin price we are definitely going to call all this prices we have now a severe dip because it will be far away from what the main price of Bitcoin will be, so this is definitely a motivational theory that defined the future and also state while a person should not feel they have seen it all when what they have seen about Bitcoin is nothing compare to the future
Finding a Bitcoin dip will not be easy. Because if we think that Bitcoin will go back to $70k and I can buy more Bitcoin will definitely wrong decision. Because it will not be easy for the price of Bitcoin to go back to that level. Although none of us have the ability to accurately determine what will happen in the future, we can achieve this much that the demand for Bitcoin is increasing due to the way institutional investors are currently holding Bitcoin. So even if there is a slight price correction, it will not be able to go back to the previous state. The number of investors is increasing than before, but since the supply of Bitcoin has not increased, its demand will naturally increase. So it is better to buy and hold as soon as possible.
Personally I think the best time to miss out on a good bitcoin price is when you actually decides to look for dip period, we all can say anyone buying bitcoin now is actually FOMOing but the fact is that it depends on the strategy of person, for me it is simply not still a bad price for a long term holder, usually I tell people that once you decide to chase dip you will be losing more opportunities to invest at a price which is good. The best strategy has always been DCA and then you hold on to the bitcoin for a very long time.
Yes bitcoin price is actually not predictable but there has always been one key take away which bitcoin price will increase in the future as long as there is demand. As for the demand, with the current inflow of bitcoin buys by institutions, the relaxing of regulations by the government it is clear that more adopters will surely be buying into bitcoin. So for me a bitcoin price in the next 5 to 10 years still looks like a dip to me.
calmfalconSenior Member
Posts: 181 · Reputation: 966
#16Oct 24, 2017, 08:20 PM
Now if someone is still going to have dipped it's almost not good point because price is always going to increase and things are going to be had new ATH after every month due to recent good development of bitcoin with spread is also increasing.
Best thing is if someone want to invest in bitcoin he can go at any point without waiting dip price is going to stay rise and always things will be favourable for investors on any price few good methods are working which are helpful for peoples to stay in touch and keep enjoying their investment in Bitcoin with any price.
I never feel comfortable with this suggestion hold as soon as possible because opportunities always with you just do your own work and have better strategy for investment because this works for you instead of waiting.
SilentVectorFull Member
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#17Oct 26, 2017, 03:09 PM
Every moment right now is a dip, regardless of the ATH we are still in the dips compared to the future or the nearest all time high. I remember when I first met bitcoin, if you had enough purchase then for I would have done exactly that bitcoin is an up investment with every moment to be considered dips because it has more like a guarantee of going up in every cycle this makes me think that all we owe ourselves is just to buy, the price that we consider ATH of today is the dips of tomorrow.
qu4ntumoracleFull Member
Posts: 117 · Reputation: 767
#18Oct 26, 2017, 03:28 PM
If we are to be realistic, its never ideal to buy bitcoin when the price is currently in its bullish form. We need to wait for its dips, and I dont think the current price is in dips right now. However, if your goal is just to store bitcoin for your future retirement, you can start to accumulate bitcoin even at its current price, regardless if its considered in dips or not.
However, I understand the idea that OP is trying to point out, and that all prices that are below ATH are considered dips. No problem with that actually, the only problem is that when you have no available funds at the moment to buy when there is an opportunity to buy.
SwiftPixelFull Member
Posts: 130 · Reputation: 572
#19Oct 28, 2017, 08:03 PM
Bitcoin prices just work with patience; no matter how low or how high you, as the holder, got your coin, there is a level to which you should be patient enough, and the profit you hope for is going to be gotten from Bitcoin as long as you don't sell prematurely. Just like what CZ was trying to explain, if you are not lucky to buy today and Bitcoin gets to a new price, you can be patient, save up that money and buy when the price falls below ATH, which he refers to as DIP.
I agree, I remember people when we're at peak on $20k on 2017 telling that it's so expensive and now this. So, today's ATH is going to be part of the history after next years.
And with that, the price will be higher than of today and so, he's technically right with that. Whenever we're on the next cycles, the price right now is gonna be lower than of the present.
But buying right now is hard for them because psychologically, their minds will tell them that it's expensive. While for people that have been for how many cycles, understands that he's not wrong.