create account

Should I buy the Bitcoin dip? by forexbrokr

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @forexbrokr ·
$15.11
Should I buy the Bitcoin dip?
<center>![Should I buy the Bitcoin dip?](https://images.hive.blog/DQmaWyHoKZorksmPN3aASZJ41GPeBuuf8kbNwN9KC7zdYrA/should-i-buy-the-bitcoin-dip.png)</center>

<br>

---

<br>


## Buying the Bitcoin dip by dollar cost averaging your position is a great long-term strategy.

Do you believe in the decentralised future of which Bitcoin is the centrepiece?

If you answered yes, then you should always be buying any dip that you’re presented with and dollar cost averaging into your investment.

As a long term investor who ultimately sees Bitcoin as a dominant asset class one day, dollar cost averaging your position by buying the dip is an extremely savvy investing strategy.

You believe that the price of Bitcoin is going to eventually go up, so should use each Bitcoin dip as a chance to lower your average investment price.


### Is buying the Bitcoin dip a good strategy?
As we’ve already gone over above, buying the Bitcoin dip is a good strategy if you believe that its price will significantly rise over the long term.

Just like the name suggests, a buy the dip investment strategy entails lowering your average investment price after an asset suddenly drops in value.

It’s this price drop that is referred to in investment circles as *the dip*.

The idea is that just as it always does, you will come out ahead after the price of Bitcoin inherently recovers and makes new highs.

Investors who implement a buying the dip strategy worry less about timing the market and simply continue to accumulate on dips.

If you go back anywhere in time on the chart, you’ll see that any strategy that involved buying the Bitcoin dip and holding long term has been extremely profitable.

While for legal reasons it must be said that *past performance is never an indication of future gains*, the charts say otherwise.


### Transferring wealth from dumb to smart money
You could argue that Bitcoin’s recent dip, or what the mainstream media are even calling [a Bitcoin crash](https://leofinance.io/@forexbrokr/why-did-bitcoin-crash-today) (lol), is purely a transfer of wealth between what’s known as *dumb* and *smart money*.

Although crypto seems like all fun and games on the surface, it's still dominated by the same institutions that exist solely to transfer your money to them.

The smart money uses its size and influence to manipulate prices down to areas where they can find the maximum amount of *liquidity*.

In most cases, this liquidity is simply retail investors or mums and dads who have bought Bitcoin, read the doomsday predictions in the local paper and then panic sell.

That’s right, liquidity is literally the pain of inexperienced Bitcoin investors.

Smart money such as institutional buyers, are more than happy to scoop up the liquidity that these panic sellers provide, completing the transfer of wealth from dumb to smart money.


### The technicals behind this Bitcoin dip
Some basic technical analysis backs up our opinion that buying the Bitcoin dip may be a good idea in the short term as well.

Take a look at the current Bitcoin daily chart below.

**BTC/USD Daily:**
![The Bitcoin dip on today's BTC/USD daily chart](https://images.hive.blog/DQmU27iMT4zXTmZRE9gvj8ZAbte7zFGWiGAL3WwXFZ1epkA/bitcoin-daily-chart-today.png)

I’m a support/resistance trader who focuses on how price reacts around major price levels on the higher time frame charts.

While you can see *the dip* in question is pretty obvious, you can also see that price is clearly trading within a clear price range between 30 and 40K.

With price currently at the 30K support zone acting as the bottom of our range, it’s healthy to see buyers stepping in and soaking up that *sweet liquidity* we talked about above.

Taking a long term investment approach, the technicals of Bitcoin actually look extremely healthy.

We all understand that a vertical price rise is unsustainable and this 50% pullback into previous resistance turned support looks ripe for a base to form.


### Final thoughts on buying the Bitcoin dip
If you believe that the price of Bitcoin is going to eventually go up over the long term, you should use each Bitcoin dip as a chance to lower your average investment price.

To learn why BItcoin is a good long term investment, check out our always evolving [guide to Bitcoin](https://leofinance.io/@crypto-guides/what-is-bitcoin-btc).

BTMFD.

Best of probabilities to you.


<br>

---

<br>

**Direct from the desk of Dane Williams.**

*Why not leave a comment below that explains why you’re buying the Bitcoin dip?  All comments that add something to the discussion will be upvoted.*

*This daily market analysis blog is exclusive to [leofinance.io](https://leofinance.io/).*


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/should-i-buy-the-bitcoin-dip)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 372 others
properties (23)
authorforexbrokr
permlinkshould-i-buy-the-bitcoin-dip
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["bitcoin","btc","cryptocurrency","crypto","teamaustralia","leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/should-i-buy-the-bitcoin-dip","links":["https://leofinance.io/@forexbrokr/why-did-bitcoin-crash-today","https://leofinance.io/@crypto-guides/what-is-bitcoin-btc","https://leofinance.io/"],"image":["https://images.hive.blog/DQmaWyHoKZorksmPN3aASZJ41GPeBuuf8kbNwN9KC7zdYrA/should-i-buy-the-bitcoin-dip.png","https://images.hive.blog/DQmU27iMT4zXTmZRE9gvj8ZAbte7zFGWiGAL3WwXFZ1epkA/bitcoin-daily-chart-today.png"]}
created2021-06-23 05:50:03
last_update2021-06-23 05:50:03
depth0
children14
last_payout2021-06-30 05:50:03
cashout_time1969-12-31 23:59:59
total_payout_value8.210 HBD
curator_payout_value6.903 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4,800
author_reputation423,122,348,693,842
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,498,543
net_rshares34,648,479,443,774
author_curate_reward""
vote details (436)
@chorock · 
Where is dip? 30K ?

If you buy bitcoin from 30K, I may sell it from 12K. Wait for 12K to buy...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chorock/re-forexbrokr-6tpkaz)
👍  
properties (23)
authorchorock
permlinkre-forexbrokr-6tpkaz
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@chorock/re-forexbrokr-6tpkaz"}
created2021-06-23 20:14:27
last_update2021-06-23 20:14:27
depth1
children1
last_payout2021-06-30 20:14:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length192
author_reputation526,242,491,170,338
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,510,776
net_rshares8,304,352,971
author_curate_reward""
vote details (1)
@forexbrokr ·
$0.04
> Where is dip? 30K ?

Well that's the 64,000 question, isn't it! ;) 

How deep will Bitcoin dip?

The point however is that if you're a long term investor, dollar cost averaging as Bitcoin dips, is a great strategy.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-chorock-5t1mew)
👍  
properties (23)
authorforexbrokr
permlinkre-chorock-5t1mew
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/re-chorock-5t1mew"}
created2021-06-24 02:30:39
last_update2021-06-24 02:30:39
depth2
children0
last_payout2021-07-01 02:30:39
cashout_time1969-12-31 23:59:59
total_payout_value0.020 HBD
curator_payout_value0.019 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length312
author_reputation423,122,348,693,842
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,515,271
net_rshares75,315,351,921
author_curate_reward""
vote details (1)
@dadspardan · 
I find that increasing your bitcoin is a good plan for the long term. I have mine in long term storage gathering intrest and adding gradually.

We will see in the long run but i hope it will go up soon 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@dadspardan/re-forexbrokr-pma3d)
👍  
properties (23)
authordadspardan
permlinkre-forexbrokr-pma3d
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@dadspardan/re-forexbrokr-pma3d"}
created2021-06-23 21:31:36
last_update2021-06-23 21:31:36
depth1
children2
last_payout2021-06-30 21:31:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length300
author_reputation32,704,062,878,098
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,511,893
net_rshares8,270,301,691
author_curate_reward""
vote details (1)
@forexbrokr · 
Interesting to hear that you have your Bitcoin stored where you can earn interest.

Where abouts do you have it stored?

Just always keep in mind the old saying of *not your keys, not your crypto*.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-dadspardan-3v8v5r)
👍  
properties (23)
authorforexbrokr
permlinkre-dadspardan-3v8v5r
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/re-dadspardan-3v8v5r"}
created2021-06-24 02:32:57
last_update2021-06-24 02:32:57
depth2
children1
last_payout2021-07-01 02:32:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length296
author_reputation423,122,348,693,842
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,515,346
net_rshares27,133,659,193
author_curate_reward""
vote details (1)
@dadspardan · 
Fair saying and celsius, just seems to be offer best interest for bitcoin and Ethereum
properties (22)
authordadspardan
permlinkre-forexbrokr-qv6xw0
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2021.06.2"}
created2021-06-24 05:28:48
last_update2021-06-24 05:28:48
depth3
children0
last_payout2021-07-01 05:28:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length87
author_reputation32,704,062,878,098
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,521,684
net_rshares0
@ebingo · 
Dumb money to smart money will always win.


While I was reading your post i thought "what if BTC falls some more"


A voice in my head said then you'll buy.

Nice post I'd like to apply this to every crypto tho...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ebingo/re-forexbrokr-5tz5g4)
👍  
properties (23)
authorebingo
permlinkre-forexbrokr-5tz5g4
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@ebingo/re-forexbrokr-5tz5g4"}
created2021-06-26 09:54:45
last_update2021-06-26 09:54:45
depth1
children2
last_payout2021-07-03 09:54:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length309
author_reputation177,854,761,891,620
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,560,430
net_rshares8,663,828,367
author_curate_reward""
vote details (1)
@forexbrokr · 
I'd recommend on focusing this strategy on Bitcoin and not other cryptocurrencies.

This is because Bitcoin's supply shocks every *halving*, make it ideal to buy the dip and dollar cost average.

History repeats itself.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-ebingo-7hdabr)
properties (22)
authorforexbrokr
permlinkre-ebingo-7hdabr
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/re-ebingo-7hdabr"}
created2021-06-27 02:16:15
last_update2021-06-27 02:16:15
depth2
children1
last_payout2021-07-04 02:16:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length314
author_reputation423,122,348,693,842
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,573,449
net_rshares0
@ebingo · 
What does it mean for its supply to shock every halving
properties (22)
authorebingo
permlinkre-forexbrokr-qvcmow
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2021.06.2"}
created2021-06-27 07:12:39
last_update2021-06-27 07:12:39
depth3
children0
last_payout2021-07-04 07:12:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length56
author_reputation177,854,761,891,620
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,575,934
net_rshares0
@hivebuzz · 
Congratulations @forexbrokr! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@forexbrokr/upvoted.png?202106231627"></td><td>You received more than 75000 upvotes.<br>Your next target is to reach 80000 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@forexbrokr) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>
properties (22)
authorhivebuzz
permlinkhivebuzz-notify-forexbrokr-20210623t163353000z
categoryhive-167922
json_metadata{"image":["http://hivebuzz.me/notify.t6.png"]}
created2021-06-23 16:33:51
last_update2021-06-23 16:33:51
depth1
children0
last_payout2021-06-30 16:33:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length637
author_reputation367,872,235,756,717
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,507,859
net_rshares0
@jfang003 · 
I do believe BTC will be higher but do you expect any damage to the charts if BTC does close under 30k? I think we probably still have at least a week before it does make a decision though.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-forexbrokr-5wgccj)
👍  
properties (23)
authorjfang003
permlinkre-forexbrokr-5wgccj
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@jfang003/re-forexbrokr-5wgccj"}
created2021-06-23 06:05:33
last_update2021-06-23 06:05:33
depth1
children1
last_payout2021-06-30 06:05:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length286
author_reputation431,514,175,994,370
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,498,821
net_rshares8,217,808,699
author_curate_reward""
vote details (1)
@forexbrokr · 
If Bitcoin closes below the 30K range, then yes it opens itself up to further falls.

But support is support until it's not and right now the bottom of that range is holding strong.

As we've seen with Michael Saylor recently continuing to buy the Bitcoin dip, there's certainly no shortage of demand from institutional players.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-jfang003-3jpb2s)
👍  
properties (23)
authorforexbrokr
permlinkre-jfang003-3jpb2s
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/re-jfang003-3jpb2s"}
created2021-06-23 07:43:30
last_update2021-06-23 07:43:30
depth2
children0
last_payout2021-06-30 07:43:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length425
author_reputation423,122,348,693,842
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,501,258
net_rshares1,303,389,559
author_curate_reward""
vote details (1)
@onealfa.leo · 
NO
Watch this
https://www.youtube.com/watch?v=XbZ8zDpX2Mg

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@onealfa.leo/re-forexbrokr-3lynyu)
👍  
properties (23)
authoronealfa.leo
permlinkre-forexbrokr-3lynyu
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@onealfa.leo/re-forexbrokr-3lynyu","links":["https://www.youtube.com/watch?v=XbZ8zDpX2Mg"],"image":["https://img.youtube.com/vi/XbZ8zDpX2Mg/0.jpg"]}
created2021-06-23 20:23:30
last_update2021-06-23 20:23:30
depth1
children1
last_payout2021-06-30 20:23:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length157
author_reputation9,997,073,871,417
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,510,921
net_rshares35,699,556,593
author_curate_reward""
vote details (1)
@forexbrokr · 
HA, how good is this video! 

(I've voted it to the top of the comments section because it's so good that it should be a part of the article itself.

> "The moral of the story is don't buy Bitcoin... because you know it's going to crash again."

So good.

---

#### Always buy the Bitcoin dip
In case anyone didn't watch the video, it's obviously a piss-take.

He goes through every parabolic Bitcoin rally and shows that each time price quickly rises, we get a 'crash' of at least 50%.

But the thing is that each time it 'crashes', the price of Bitcoin inevitably has already made a new all time high.

So if history is anything to go by, this shows once again that if you're a long term investor, **you should always buy the Bitcoin dip**.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-onealfa-leo-2fmtjb)
👍  
properties (23)
authorforexbrokr
permlinkre-onealfa-leo-2fmtjb
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/re-onealfa-leo-2fmtjb"}
created2021-06-23 23:24:57
last_update2021-06-23 23:24:57
depth2
children0
last_payout2021-06-30 23:24:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length842
author_reputation423,122,348,693,842
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,513,265
net_rshares2,093,751,164
author_curate_reward""
vote details (1)
@ridam · 
If anyone is looking for hedge against the inflation then there is no asset that could even be compared with Bitcoin. But the mistake people are doing right now is they are investing in the bitcoin without proper mind make up and knowing about the Bitcoin which is making many of the traders falling into the game of pump and dump. If you can hodl, you will win. The theory is simple for Bitcoin investment and the price will cross it's previous ATH but the question is matter of time.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ridam/re-forexbrokr-3o14yu)
properties (22)
authorridam
permlinkre-forexbrokr-3o14yu
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@ridam/re-forexbrokr-3o14yu"}
created2021-06-27 05:02:33
last_update2021-06-27 05:02:33
depth1
children0
last_payout2021-07-04 05:02:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length579
author_reputation4,246,435,639,799
root_title"Should I buy the Bitcoin dip?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,574,772
net_rshares0
Help/Feedback