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Author Topic: Buy on dip  (Read 7045 times)

Offline Uruhara

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Re: Buy on dip
« Reply #75 on: January 26, 2024, 08:16:50 AM »
It feels like the market has revived after bitcoin has grown to 45k, while now we get a lot of FUD that is only words but not actions of investment funds and financial organizations in the United States that can influence the price of Bitcoin and, judging by everyone, speculate, taking advantage of their position. Many influencers believe that Bitcoin cannot go down to 38k, but I think that the price of bitcoin can easily fall to 30k. Therefore, you should always keep several Stablecoins.
I think you are right that we still have to have an anticipatory plan if one day Btc falls lower than expected. Although now positive news is starting to emerge again. But still, in the crypto world, positive news can have the opposite impact. And negative news can also have the opposite impact. Currently the BTC price is still fighting in the 40 to 39 area and I think if BTC fails to maintain its current area then a decline may indeed occur beyond 38.

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Re: Buy on dip
« Reply #75 on: January 26, 2024, 08:16:50 AM »

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Re: Buy on dip
« Reply #76 on: January 26, 2024, 08:27:32 AM »
The market is experiencing a correction right now and making people panic. Do I buy in this condition? Of course but I don't use all my money to buy. I use the DCA strategy and only a few coins I invest. Just a suggestion, don't use all your money during a bear market.
when you are Investing in Bitcoin or any Crypto using DCA method. then you should not worry much about any DIP.  price go up or down. you keep investing as much as you planned in your DCA.
buying on the dip is for those who wait for that. so they can invest all their money on the DIB.
but DCA investors are regular investors, they don't worry about Dip or pump. they keep investing everyweek or every day (whatever their DCA schedule is). that's why DCA method mostly works in their favor.
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Re: Buy on dip
« Reply #77 on: January 26, 2024, 11:16:01 PM »
The market is experiencing a correction right now and making people panic. Do I buy in this condition? Of course but I don't use all my money to buy. I use the DCA strategy and only a few coins I invest. Just a suggestion, don't use all your money during a bear market.
It all depends on what you think is best for you because some people make use of this period when the price is down to buy a lot of coins and prepare ahead for the coming bull run so buying now is not a bad idea. DCA strategy is a good strategy for the less privileged that doesn’t have enough money to invest big so setting aside a certain amount from their earnings to accumulate bitcoin at regular intervals is good way to accumulate bitcoin that way you wouldn’t be too affected when the price is falls. It is always advised to invest only an amount we can afford to lose when investing in cryptocurrencies.

Although it is not advisable to use all money to invest in crypto, we always said that someone should use the money they can afford to lose. However, the method of dollar cost averaging (DCA) is very good and a simple process to invest in crypto.
This strategy makes bitcoin investment to be within the reach of almost every one no matter how rich or poor they may be so no one will have an excuse for missing out in the investment. DCA strategy makes bitcoin investment easy and affordable and using this strategy no one is really concerned about the price they are buying it as they will keep accumulating no matter what. It t is a method adopted by many investors.
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Offline debra

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Re: Buy on dip
« Reply #78 on: January 26, 2024, 11:21:21 PM »
I think you are right that we still have to have an anticipatory plan if one day Btc falls lower than expected. Although now positive news is starting to emerge again. But still, in the crypto world, positive news can have the opposite impact. And negative news can also have the opposite impact. Currently the BTC price is still fighting in the 40 to 39 area and I think if BTC fails to maintain its current area then a decline may indeed occur beyond 38.
BTC price is no longer in $38k - $40k, we are already above $40k. I think the period of dump/correction is over. Although there is still a chance for the next fall/dump, I think Bitcoin should have a period of pump first. I really expect that we will have some good news in the near future. So, it may trigger the price of Bitcoin to jump again above $45k. If it happens, I assume we are safe to see the price of Bitcoin around $50k very soon.  ;)

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Re: Buy on dip
« Reply #79 on: January 26, 2024, 11:27:44 PM »

BTC price is no longer in $38k - $40k, we are already above $40k. I think the period of dump/correction is over. Although there is still a chance for the next fall/dump, I think Bitcoin should have a period of pump first. I really expect that we will have some good news in the near future. So, it may trigger the price of Bitcoin to jump again above $45k. If it happens, I assume we are safe to see the price of Bitcoin around $50k very soon.  ;)


Current bitcoin price is $ 41.884.
Bitcoin is continuing to grow again mate.
It is really good moment to wait bitcoin halving and of course bullish season.
Keep Hold your Bitcoin.
I agree with your prediction, I believe bitcoin will touch $ 50K soon.
Hopefully it will happen at march this year, before halving at April.

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Re: Buy on dip
« Reply #80 on: January 26, 2024, 11:40:23 PM »
I think we will fall back under 38k this weekend. Maybe even 37k.
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Re: Buy on dip
« Reply #81 on: January 26, 2024, 11:59:12 PM »
Current bitcoin price is $ 41.884.
Bitcoin is continuing to grow again mate.
It is really good moment to wait bitcoin halving and of course bullish season.
Keep Hold your Bitcoin.
Yeah. Bitcoin is trying again to increase the price. It is around $41k now, it is much better than few days ago. I also hope Bitcoin keeps increasing, we already have many days for the Bitcoin drop. Although I don't want to sell my Bitcoin now, I am a bit pessimism if I'm too often seeing the price drop.  :'(

However, I agree that we must keep holding our Bitcoin. It is still not the schedule of Bitcoin halving. So, it is normal if Bitcoin price still drops quite significant.

I think we will fall back under 38k this weekend. Maybe even 37k.
Why it will drop again to $38k?
It is worse if the price to go to $37k. I think it is unlikely to happen.

« Last Edit: January 27, 2024, 12:04:03 AM by I-Bit »

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Re: Buy on dip
« Reply #81 on: January 26, 2024, 11:59:12 PM »


Offline bhadz

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Re: Buy on dip
« Reply #82 on: January 27, 2024, 07:54:38 AM »
I think we will fall back under 38k this weekend. Maybe even 37k.
We still have a day before the week ends. We are one $41k back at it again and likely to be back to $42k soon. As much as it is likely to get some pull back. We seem to see some stability despite the support that $38k.
I have bought a few bucks and good thing that miners do not have to accumulate but has to keep on going and save some for mining costs.

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Re: Buy on dip
« Reply #83 on: January 27, 2024, 08:42:41 AM »
We still have a day before the week ends. We are one $41k back at it again and likely to be back to $42k soon. As much as it is likely to get some pull back. We seem to see some stability despite the support that $38k.
I have bought a few bucks and good thing that miners do not have to accumulate but has to keep on going and save some for mining costs.
Left one day before weekend and bitcoin price still stable around $41,600 after breaking out until $42k, I have invested yesterday when bitcoin dropping drastically and good moment braveness for reinvesting although bitcoin price still not stable yet will break out to higher price. I don't sure with bitcoin will make another support price to $38k and last time lower seems have been in support and right now moment for bitcoin bounce to higher price.

Don't make your self afraid when reinvesting in bitcoin without three months later have halving and bitcoin no doubt will break out to higher price.

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Re: Buy on dip
« Reply #84 on: January 27, 2024, 08:58:24 AM »
To be frank, in my opinion, now is the right time to buy coins. People are panicking and selling their coins. As you mentioned, it's advisable not to invest all your money in crypto, and I agree with you.

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Re: Buy on dip
« Reply #85 on: January 27, 2024, 11:02:45 AM »
I think we will fall back under 38k this weekend. Maybe even 37k.
We still have a day before the week ends. We are one $41k back at it again and likely to be back to $42k soon. As much as it is likely to get some pull back. We seem to see some stability despite the support that $38k.


it's good shot term prediction, But I didn't agree bitcoin will go down $ 38K at this weekend.
It seems  Bitcoin price will continue increase again  back to $42K at this weekend.
I have prepared fund to buy more bitcoin if will go down.
Bitcoin will touch ATH at this year, If bitcoin goes down below $ 40K, I think It's good time to buy.


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Re: Buy on dip
« Reply #86 on: January 27, 2024, 11:07:01 AM »
Buying the dip has now become a stressful exercise in crypto. And to keep on a bag of stables somewhere all by itself, doing nothing is sometimes stupid. So right now I have run out of stable coins to use. I am running on empty
It is not stressful if you know the right way of investing in the DIP.  if you find investing in Dips stressful then that means you have lack of asset management.
You need to divide your funds among several altcoins at the time of DIP. investing all your money in one project migh also cause stress because that might not turn well.
Sad to know that you ran out of stablecoins. but I am sure the sitautions will change with time. you are in a signature campaign. you can earn money easily from this forum and other sources.
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Re: Buy on dip
« Reply #87 on: January 27, 2024, 12:03:01 PM »
Buying the dip has now become a stressful exercise in crypto. And to keep on a bag of stables somewhere all by itself, doing nothing is sometimes stupid. So right now I have run out of stable coins to use. I am running on empty
Buying the dip never seems like a thing to end anytime soon and it’s really becoming stressful as we keep buying the dip on and on but there is always a time of joy for people who are able to keep buying at every dip. Accumulating bitcoin is never useless even if the price doesn’t do well yet there will certainly be a time it will and yield profit for investors. We are approaching a bull run and if eventually bitcoin hits a new ATH a lot of investors who never got tired to invest will rejoice during that period.

It is not stressful if you know the right way of investing in the DIP.  if you find investing in Dips stressful then that means you have lack of asset management.
You need to divide your funds among several altcoins at the time of DIP. investing all your money in one project migh also cause stress because that might not turn well.
Sad to know that you ran out of stablecoins. but I am sure the sitautions will change with time. you are in a signature campaign. you can earn money easily from this forum and other sources.
You are right, investing in a single coin will limit your possibilities of earning more profit because once the coin is not doing well then you will be at loss but diversifying your portfolio will be more beneficial and less stressful in terms of profit as there will be every possibility that one or more coins will be performing well even when the market is not doing well.

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Re: Buy on dip
« Reply #88 on: January 27, 2024, 03:52:39 PM »
To be frank, in my opinion, now is the right time to buy coins. People are panicking and selling their coins. As you mentioned, it's advisable not to invest all your money in crypto, and I agree with you.
Do you think there will be no more dump?
If there is a chance of the next dump, why don't we wait for the next dump?
Some people still believe that there is a chance for Bitcoin price to drop again below $40k. Even there is a prediction the price to drop to $37k. If it really happens, I think are better to be patient to wait for the lower price. Now, the price of Bitcoin is above $41k, it is already increasing a bit. In the last few days, the price dropped to $38k but it can recover quite fast. I passed again $42k today, it is quite surprising.

Of course, we don't need to invest with all the money. Just invest with the amount of money that looks quite secure for us. Investing excessively is also not effective way. It may lead us to think about borrowing money from others.


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Re: Buy on dip
« Reply #89 on: January 27, 2024, 05:20:08 PM »
The market is experiencing a correction right now and making people panic. Do I buy in this condition? Of course but I don't use all my money to buy. I use the DCA strategy and only a few coins I invest. Just a suggestion, don't use all your money during a bear market.
I actually don't use my personal money or hard earned money to invest in Bitcoin but I invested my time and effort in a signature campaign and get paid with Bitcoin as weekly rewards and that serves as a DCA for me without me even spending few cents or dollars to transaction fees. My hard earned money is always safe with this strategy.

 

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