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Author Topic: Buy on dip  (Read 7047 times)

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Re: Buy on dip
« Reply #90 on: January 27, 2024, 08:14:36 PM »
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.
Its not bad ideas investing in bitcoin from signature campaign earning with consistency investment you can purchase around $120 every month. I think its more enough values of investment fund for bitcoin if consistency you will have around $1,440 fund for investing in bitcoin and potential increasing up in the future depend keep consistency hold it or not. But if you have another side job you can accumulate your bitcoin investment around $300 every month or in daily you have get income $10 for spending in bitcoin.
First time its heavy but I stop smoke and use this fund for investing in bitcoin and hope in the future will earn much profitable from bitcoin price.

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Re: Buy on dip
« Reply #90 on: January 27, 2024, 08:14:36 PM »

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Re: Buy on dip
« Reply #91 on: January 27, 2024, 11:40:33 PM »
I absolutely agree with OP's emphasis on DCA, DCA is indeed a life-saving tactic in this market. It is impossible not to make a profit with gradual purchases. However, I don't remember being this indecisive for a long time. I'm not sure if we are at the bottom or on the edge of a cliff these days. I am worried whether we will enter a short-lived bear market before the halving. In fact, I'm sure we will see sunny days after the halving, but the greed for more profits makes me worry about missing out on great opportunities.
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Re: Buy on dip
« Reply #92 on: January 27, 2024, 11:48:26 PM »
Its not bad ideas investing in bitcoin from signature campaign earning with consistency investment you can purchase around $120 every month. I think its more enough values of investment fund for bitcoin if consistency you will have around $1,440 fund for investing in bitcoin and potential increasing up in the future depend keep consistency hold it or not. But if you have another side job you can accumulate your bitcoin investment around $300 every month or in daily you have get income $10 for spending in bitcoin.
First time its heavy but I stop smoke and use this fund for investing in bitcoin and hope in the future will earn much profitable from bitcoin price.
Of course, it is even a good idea to invest in crypto from the earning we got on signature campaign. Yes, if we used all the payment, it can be around $120 monthly. But I think it will be less than $120 if we want to convert the Bitcoin to another coins. Not every one want to hold Bitcoin only, some people may consdier to invest in altcoins as well.

Not only in Bitcoin, altcoins also have the potential increase. Even some altcoins can have higher increase than Bitcoin. You must be aware that some altcoins can increase more than 100% during the altcoins season.


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Re: Buy on dip
« Reply #93 on: January 28, 2024, 02:44:11 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.
Dollar Cost Average!!! Very wise decisions.
By no means is it right to invest all dollars on one investment because you can keep 30% of your investment in this correction market and the remaining 30% you can invest in futures again if the market corrects or dumps more than this. You can keep the remaining 40% invested over a period of time in your plan, but by no means invest all the dollars at once. I have invested many times in my life without DCA method and faced multiple losses because of that I am not willing to invest without DCA method.
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Re: Buy on dip
« Reply #94 on: January 28, 2024, 07:01:30 AM »
Of course, it is even a good idea to invest in crypto from the earning we got on signature campaign. Yes, if we used all the payment, it can be around $120 monthly. But I think it will be less than $120 if we want to convert the Bitcoin to another coins. Not every one want to hold Bitcoin only, some people may consdier to invest in altcoins as well.

Not only in Bitcoin, altcoins also have the potential increase. Even some altcoins can have higher increase than Bitcoin. You must be aware that some altcoins can increase more than 100% during the altcoins season.

always instill optimism in every action we take, including, of course, in crypto, where there are lots of problems that can occur.agree that if the income from the signature bounty is not used for urgent personal needs, it is better to invest it, because if the bounty is in the form of bitcoin, it should still be maintained.

But I also agree with you if you really want to invest in potential altcoins such as BNB, SOL, and DOT where the potential profits are no less big.The most important thing is that whenever you have funds, keep adding to your savings, which is certainly very wise in a situation like today.
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Re: Buy on dip
« Reply #95 on: January 28, 2024, 08:50:40 AM »
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.  ;)
Right mate.  :)
Actually, there was a trigger for Bitcoin's rise again in recent days.

The first is that Grayscale has stopped selling their bitcoin. And the latest news comes from Google about allowing crypto ads or something like that. I forget the details but what is clear is that it happened a few days ago. So it's not surprising that today the market is even more enthusiastic. And yes, hopefully this will continue to make BTC continue to rise to its highest price again.

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Re: Buy on dip
« Reply #96 on: January 28, 2024, 03:36:10 PM »
Right mate.  :)
Actually, there was a trigger for Bitcoin's rise again in recent days.

The first is that Grayscale has stopped selling their bitcoin. And the latest news comes from Google about allowing crypto ads or something like that. I forget the details but what is clear is that it happened a few days ago. So it's not surprising that today the market is even more enthusiastic. And yes, hopefully this will continue to make BTC continue to rise to its highest price again.
As long as Google provides full support for the circulation of cryptocurrency on its platform, it will have a very serious impact because it will make many people increasingly aware of cryptocurrency and try to find information about it. Hopefully, Google support like this when Halving is over will not disappear again, and cryptocurrency advertising on the Google platform will still run well.

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Re: Buy on dip
« Reply #96 on: January 28, 2024, 03:36:10 PM »


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Re: Buy on dip
« Reply #97 on: January 28, 2024, 04:27:12 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.
Don't buy when the price is falling, instead wait for the retracement come to an end by using important tools or indicators to determine signs of reversals such as RSI and Volume.

If you see the volume bar is declining, meaning the number of sellers is decreasing. It's an indication that sooner the buyers are in control in the market.

You can use RSI divergence as a sign of reversal, if you see it in the higher time frame meaning it's strong and sooner the price will go to opposite direction.

There are many confirmation of reversals in the market but it's not 100% accurate that's we need to have confluence to increase the chance.

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Re: Buy on dip
« Reply #98 on: January 28, 2024, 05:23:16 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.
An investor must be patient when the market is in correction mode and the Market movements should be observed according to the current situation. After a bullish trend of any asset there may be some price correction but it should be waited rather than excited. Current market condition again from bearish to bullish. This is the perfect time for those who want to invest in Bitcoin as this is where the expected bullish movement can start.

If I mention DCA in cryptocurrency, I want to do it only for Bitcoin. Because even if the value of Bitcoin falls in a bear market, it can recover again in a bull market, but if you invest in altcoins, the chances of getting that money back are very low.

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Re: Buy on dip
« Reply #99 on: January 28, 2024, 07:20:39 PM »
Its not bad ideas investing in bitcoin from signature campaign earning with consistency investment you can purchase around $120 every month. I think its more enough values of investment fund for bitcoin if consistency you will have around $1,440 fund for investing in bitcoin and potential increasing up in the future depend keep consistency hold it or not. But if you have another side job you can accumulate your bitcoin investment around $300 every month or in daily you have get income $10 for spending in bitcoin.
First time its heavy but I stop smoke and use this fund for investing in bitcoin and hope in the future will earn much profitable from bitcoin price.
Of course, it is even a good idea to invest in crypto from the earning we got on signature campaign. Yes, if we used all the payment, it can be around $120 monthly. But I think it will be less than $120 if we want to convert the Bitcoin to another coins. Not every one want to hold Bitcoin only, some people may consdier to invest in altcoins as well.

Not only in Bitcoin, altcoins also have the potential increase. Even some altcoins can have higher increase than Bitcoin. You must be aware that some altcoins can increase more than 100% during the altcoins season.
Investing is important, but how you manage money to invest is not as important. You can invest the amount of payment you get from working on signature campaigns or you can invest it through any other income payment you want. You have mentioned here that apart from Bitcoin there are some ALT coins that an investor can invest in and there are some ALT coins that give a lot of profit to an investor. But before investing we need to be sure whether we are planning such investment or short term planning. Bitcoin is fine to invest in if the investment is for long term but for short term there are some ALT coins that an investor can invest in if they want.

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Re: Buy on dip
« Reply #100 on: January 28, 2024, 08:31:22 PM »
~snip
Don't buy when the price is falling, instead wait for the retracement come to an end by using important tools or indicators to determine signs of reversals such as RSI and Volume.

If you see the volume bar is declining, meaning the number of sellers is decreasing. It's an indication that sooner the buyers are in control in the market.

You can use RSI divergence as a sign of reversal, if you see it in the higher time frame meaning it's strong and sooner the price will go to opposite direction.

There are many confirmation of reversals in the market but it's not 100% accurate that's we need to have confluence to increase the chance.
This is too technical to me as an average Bitcoiner. 😁 I've been trying to learn trading but it stressed me out. Anyways, DCA is my only reliable strategy right now since there are a lot of people who still lose using buy low sell high thing.

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Re: Buy on dip
« Reply #101 on: January 28, 2024, 09:02:14 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.
If you are investing in DCA method then your market volatility will not affect you at all. Investing using DCA method is the best way to invest. Those who invest using the DCA method also have the highest potential for investment returns. I also invest using DCA method while investing because I have invested in DCA method the market is pumping and dumping again I don't have to count much loss but I am not sitting yet because I am using my DC method the investing is on. But I accept your suggestion because you should not always invest all your money in bear market, when the bear market appears more, you can increase the investment by adding some money. Later, when the market goes up, there is definitely more success.

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Re: Buy on dip
« Reply #102 on: January 29, 2024, 12:25:27 AM »
~snip
Don't buy when the price is falling, instead wait for the retracement come to an end by using important tools or indicators to determine signs of reversals such as RSI and Volume.

If you see the volume bar is declining, meaning the number of sellers is decreasing. It's an indication that sooner the buyers are in control in the market.

You can use RSI divergence as a sign of reversal, if you see it in the higher time frame meaning it's strong and sooner the price will go to opposite direction.

There are many confirmation of reversals in the market but it's not 100% accurate that's we need to have confluence to increase the chance.
This is too technical to me as an average Bitcoiner. 😁 I've been trying to learn trading but it stressed me out. Anyways, DCA is my only reliable strategy right now since there are a lot of people who still lose using buy low sell high thing.
Yeah, in beginning it's so stressing especially if you're not used to it. But if you get used to it, familiar with the small and big details in the chart, it will be easy for you to analyze the chart. That's what happened to me before, I don't understand the market but now I know how to forecast the market based on what I have learned from mentorships and experience, it feels easy to me but doesn't mean that it always work.

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Re: Buy on dip
« Reply #103 on: January 29, 2024, 01:32:52 AM »
I am not surprised at the current bitcoin price or any other price in the past, what I am concerned with is how to position myself, where I can easily buy the dip and sell all the way up.
I am not looking for all time high, but I am looking at how I can easilyake use of the DCA approach in correspondence to price volities, to my own advantage.

Many times most people have failed to understand this approach but believe me, it works alot and I will advise some you guys to try it out, you can make use of the forum threads that analyse the terms better and find other materials that will help you to enough knowledge to back it up.

But entirely, the best entry position as far as bitcoin is concern, is to buy the dip or correctional price and sell high that is the elenmatry bitcoin investment skills based on short terms basis.

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Re: Buy on dip
« Reply #104 on: January 29, 2024, 12:50:50 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.
Investing during a market correction can be a strategic move, but it requires caution. Utilizing the Dollar-Cost Averaging (DCA) strategy can be a sensible approach, as it involves spreading out your investment over time to reduce the impact of volatility. Focusing on a select few coins rather than diversifying too widely can also be wise. Most importantly, it's crucial not to invest all your funds during a bear market, to manage risk and preserve capital for future opportunities. Remember, each investment decision should align with your individual financial goals and risk tolerance.

If you have any questions you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

 

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