Bitcoin Forum

All the established crypto channels/advisers keep telling everyone to buy the dip and sell the highs. What they don't (and can't!) tell you is where those points are. I have bought the dip continuously for the last two months, and am slowly running out of money. If the dip doesn't stop dipping, I'm gonna run out of money soon. All fun and games, until the bank takes my house.

Well you also forgot to invest only what you can afford to lose, now you are about to lose your house, I also holding on a loss but some of my gains are from buying from dips, you should know when to stop buying on the dip although very tempting, there's always a price to pay for every wrong action.

Admittedly I used hyperbole for reaction. It was just to enforce the point that many of us (most/all of us?) cannot predict market movements, and buying the dip (although good advice) is difficult when nobody knows where exactly the dip is. I have no plans to lose my house any time soon. Thanks for the concern though, much appreciated.

Make invest in crypto just speculation so that mean all prediction just 60% accurate and others 40% is wrong. So will be much better use free money when make invest in crypto. This is high risk investment so always make risk management to reduce it.

@cryptothief. Can you give us examples of who the established cryptochannels and advisers you follow? All I have seen of them are lost men and women looking for their own suitable position in life.

Be patient because Bitcoin price could still fall around $6000 to $3000 if we don't see any reversal on the chart. So be patient and once you've seen a reversal on the char that is the perfect time to buy on the dipped.

unfortunately, market now at its worst shape , every time i say it's the dip and will Bounce from that support level , it Breaks and goes to the next one , so the Best action now just see what coins lost most of its value and invest if only it's a solid project.

When you invest you know that there is a high risk so when you loose profit or your money don't cry too much. Because you invest, if it's gets a dip again and slowly getting down, that is awful but no one can predict what will happen but for me i will hold my bitcoin because i believe that bitcoin will pump this year.

I invest in crypto not using my personal financial, and i never think of that. I use my bounty campaigns outcome to invest, so i won't feel really bad to face the price so deep.

And everyone keep hope it will recovery soon. Hope in april will answer the concern of every trader.

And i still will buy if the price decrease again.

Investment is always a risk. Whether its in a stock exchange or cryptocurrency, we have to remember to only invest what we are willing to lose. Don't sell your house to buy bitcoin because of bitcoin fails you, you'll lose your house. If you are working then don't stop just because you have invested in bitcoins. Bitcoin is not a steady income. We all know from the start, bitcoin may go up or may go down. There's no telling when, it just does basing on the law of supply and demand.

Learn from mistake make us become more expert in cryptocurrency investing, we need extra patient to be winner in this high risk opportunity. And if you bought the coins in the deep but the price continuously dropped, the best way now only wait for up trend. Patient will change your financial.

I think you have overly invested in crypto. Im new to this but Ive read one of the most important tips in investment. Since cryptocurrency investment is so volatile, you cant invest o much what you cant afford to lose. This may be so common phrase but it is really important for investors not to be dried out.

In Cryptocurrency, this is a waiting game, dont be rush and let your emotion rise in you.
My strategy now, is i don't check the price of bitcoin, i am trading and accumulating Bitcoin,
So when the market sentiments changes all of my profits in trading bitcoin will be materialize.

For me this is the best way for this kind of market sentiments.

One more dip buying point, i am already not have money's for buying. Very many dip's i see for last month )

It is simple , if you have anything to buy, just wait and be patient. If you've been here for long, you know that this scenario is normal and it will repeat over and over again. If you are new in this field , you should do the research before you invest and expect this kind of scenario.

Better than the end of crypto in which we could use to this cheapest value like before. Remember that the Altcoin starts at the cheapest value before, that we did not expect that it will become more popular and expensive in which its makes some people to become rich. Now it seems like the trade value will going back to its cheapest price as the former base line then it will be life goes on and continue holding even it hurts because it is too late if you will sell it just right now.

Sorry to hear that,lol but why did you sell your house for the cryptocurrencies? experts always says only invest what you can afford to lose well i guess you can afford your house to lose because you invested in cryptocurrencies too much.The dip wont stop until these whales are done taking profits that is how the market works,they do buy from the bottom sell it on the peaks dumping the market and repeat the cycle.

The last sentence of OP wasn't literal no one here wants to lose their home just because they invested everything in crypto. Everyone that is invested and starting to invest in crypto should be aware with that rule/advice. I'm also losing some $ because of the current dip with bitcoin but I don't have any plans of selling my stored coins.

In the top 10 list from coinmarketcap stellar has the biggest percentage loss 17% from $0.21 to $0.17.

Good, because others here are really concered with what you said on your first post and they won't be reading this second post of yours.

The policy that guards high risk investment like cryptocurrency market and other market like stocks and forex market is this "do not invest what you can not afford to lose" this should always be at the back of your mind when investing in any of these market this is very important. Also trading requires a measure of experience which comes from training this suggest that for one to be a good trader he or she needs to receive knowledge that will help him or her to master the technical and fundamental approach to the market which in turn will help you to know when to buy and when to sell.

first of all do not trust any crypto channel or pump group ,they generally buy the coin and asked you to buy and sell at profit.second thing use them only as news channel or any altcoin upcoming event source,but it is always advisable to buy btc at dip as it will always rise back.

The problem is we are just going lower and lower and there doesn't seem to be a bottom this round. I doubt I will be able to afford to survive on crypto soon if this continues. Already my portfolio has shrunk by over 96% and shrinking further. I think the crypto market is done now and if it does not fix within the next nine months and improve I am going to have to find some cleaning job or something as all my wealth has been totally wiped out and I only have like 3 months left to live on at this rate. With all the bans on ICOS, regulations, FUD and big companies not allowing crypto ico ads anymore, I can't see much of a future now in crypto but am still holding on to the end and hoping that a miracle might happen still.  :'(

I think now it is time to consolidate bitcoin. It is already 45%, going to explode sooner or later. Most of altcoins will die this and next year. Easy money time is over, sadly. At least ICOs do not become obsolete. Can squeeze some money out of bounty campaigns. But more and more ICOs got delayed in this market. Sorry for being pessimistic. Just HODL

I understand your feelings. There are too many ICO projects. We buy it. There are too many people selling them and creating a tragedy is the price after a profound exchange. I have participated in several projects before and now it is an investment loss. Hope the market in the future will be nice. I am an investor and I do not want to lose money before I am rich.

This is a testing moment for all crypto investors and also to know those who are strong to survive in the crypto world. Many including government have forgot the so many advantages associated with the blockchain technology and crying foul because of what they can gain or lose from it. The normal rule of buying the dip is still in existence. I bet you crypto has come to stay, don't be afraid of the challenges. Face it as a man. Prices will surely recover! Just one news point will do the magic.

yes good to buy atleast 3 times drops here because we can't really know how a coin will drop but i'm sure btc,eth and bch will go really high in the future here in crypto

another thing the more investing here are good if you invest in btc,eth and bch because they trusted and we see or experience their potentials here in crypto

Although I hate the situation on the market now, I would better do not sell anything and probably will restrain from buying coins as well. This is the period when we have to wait and just check charts.

The important think is to only buy the dip if you can afford to buy it with the money that you can literally burn. We could be headed for a long term bear season which would mean we might see bitcoin fall even under 3k, in which case there would be a lot of blood in alts also.

I prefer to do nothing. It is so risky and we couldnt guess what will happen. I will not put my money anymore. I will continue trading when green days come

You mortgage your house and assets to buy into crypto? If so you forget the most important principle in trading (money management) you need strong money management skillset to stay long in this market. Just pray that one day when you wake up the market was on a bull run and you can pay off all your mortgage.

In my opinion, I don't think that it is appropriate to invest in crypto almost whole of your savings wherein that could be a problem later
where the long wait for the bull run has not yet in effect. The best thing you may consider is that set aside let's say 5% of your savings on your planned investment and you'll have to wait until it will recover back. Investing more crypto coin depends on your financial capacity that may not result to a problem on your finances. My thoughts.

Usually, those points are called resistance levels. You have to check where those points are by simply going to your favorite exchange and looking at the buy orders. Look for where there are the largest pending orders. That will be your resistance levels. Depending on your exchange, this may be simplified by the use of charts. Do this as necessary across exchanges and you will find what point most people have large orders. That is usually your resistance. Buy close to or before that.

I am sorry to hear this news, it can not be denied that the current market conditions are not conducive to investing, but you have bought some coins at this time should not be made longterm because it will take a long time until the market back stable, better you follow the movement of the chart every day if you already get 2% profit please sell your assets then use to buy back at the time of correction, thus it is not entirely your money is on the coin.

Buy the dip is pretty useful investment advice, but there's something way more important that you ignored since you're talking about being concerned about losing your house:  "Do not invest what you can't afford to lose".  

follow the development of market trends and see who the developers behind the project will keep moving or just pumping and throwing coins

You probably have invested too much, and it's getting harder for you now to just be patient.
I think it's obviously that the market will recover at some point, but it might take many months for this to happen.

The problem is that yoy have invested too much, remember that any investments has its risks specially in the crypto market where the prices of crypto is very volitile. If you bought the in the dip you should remember to sell it if the price goes up so that you can gain on it because as of now with the prices going up and down evry week. You should also learn other ways to earn in this industry like trading now just going in a one route with all of your money will cause trouble in the long run just like what you are experiencing right now.

In a bear market, almost everyone is losing money.
That doesn't matter, however, because the bull market in cryptocurrency markets is about to arrive, and the only thing to do is wait.

If you have fund the best way to cut your loss is to buy the dip again so once there is a reversal you will recover much of your losses. While you are still holding on the old coins waiting for it to give profit also. In a speculative market anything can happen with in the day.

Awesome nobody can tell wher is the dip even i felt same and invested each day droppin even more . I took some day off and went to some tourist place not to check market at the end in that trip also i was checking market . each and every minute its going down . But sure it will pick up and will worth for the pressure we took now.

Buying an altcoin while the price are in discount are good move but always remember its no guaranty you can earn a good return since the whole market are in downtrend situation, but atleast you buy while the price are in good opportunity and a small pump up can turn to good profit.

That's right must buy at dip.  But now they can't  pull out their money because they have huge loses from it.  And they can't even blame their selves because they already bought in high price when the market bullish which is they keep holding and still assuming to gain more profits , without knowing there is upcoming long term bear season.  And now those holders regrets because their money gradually disappearing, and the only choice is to keep holding until the market becomes stable.

Yep! that really is it, the books did not tell you to only invest what you can afford to lose. What's the point of investing if you lose a lot in the end?
Having said that, investing should only come from extra money.
Losing your house would be the last thing you wanna do.

No need to invest every penny of the money you have, always invest what you can afford to lose. We can buy dip at some limit, I think bitcoin can't go less than $6k easily so buying at current price is not a bad option.

Yes, I agree with the above comments and definitely the money intended for investment should have been be a spare money that you are willing to let go if not successful with it. I think that it would also be great to consider another promising altcoin that you are willing to HODL for a longer period until it's price may soon to increase more in the coming months.

We also do not want to invest in this and want to earn from Bounty campaign. And when we earn the top coins, we will also sale it on high prices.

What are you talking about? we are not talking about bounties or whatever. The op is just talking about buying coins when they are low (the classic)

So no, why are you talking about bounties??

It just doesn't make any sense

Thoughts on buying the dips on altcoins vs bitcoin?  Thus buy btc and immediately buy an altcoin with it?

I'd like to just hold in that situation. I believe market will grow and you will won either if hold or buy extra coins during dip. Just don't sell and choose buy or hold by yourself .

Even if you ran out of money you never loose your coins as long as you are not selling them. Be wise and don't sell when the prices are low

when you trading don't forget about indicator, that will help you to find "dip" price. It depend on Timeframe you use for analysis, if the timeframe that is sett weekly you must patient to holding, if use timeframe hourly you can trading intraday

it seems that bitcoin is not able to plunge deeper because bitcoin had touched the second lowest price that seems to be going up very sharply soon. your chance to buy when the cheap price in this year may no longer exist.

This year I invested a number of times on my favorite altcoins like Ripple, NEO and Oyster PRL.
I invested over and over again because I see that they're gonna increase their price when Bitcoin and Crypto market will recover in the next few weeks and I am excited that I will soon earn higher return of investments because I take advantage the crypto market dip.
as I do believe that this Crypto will not die and will be soon the future of our money.

I would suggest to wait for still March 28th because BTC and other Altcoins can come down for more 20% to 30% more down. Then you can buy in dip.

Buy if can still afford it, not to the extent that you are gonna lose your house. Invest only what you can afford to lose. But in due time you're gonna get what you aim for, cause prices start to recover again.

Well, the result of crypto currency is not very satisfactory among the mass that's why most of the people doesn't want to buy dip again.

The wisest strategy is buying crypto coins while they are in dipping, simply because when the coins price will rise again, you just need to sell that to earn profit, if the price will raise up to your expectation, now you say people are scared to buy in dip again? If i answer that they will miss the chance to earn profit. Its worth to risk especially on bitcoin.

Buying the dip is generally good advice, but with the current state of the market nobody knows where the bottom actually is. So far i have seen BTC $6,000 and ETH $350 for this year, if it get's much lower than this then you are stuck holding what you have and waiting for a recovery or selling out for losses.

Haha.  :D

Just hope and pray that the price will be back again before the bank takes your house. Why would you even stake your house even if you know where the lowest point is.

Majority of the investors including me are HODLING our bitcoins since we believe that Bitcoin will go back to $20k in the near future and might zip past that touching a new all time high soon. Doubt anyone would want to sell their bitcoins for a loss and would focus on HODLING their coins until the market recovers. Bitcoin has survived far worse situations than the current bear market in the past and has come out on top always. What makes you think that Bitcoin won't survive this ordeal? Even if Bitcoin drops lower than $6k, we do realize that it will skyrocket in the future.

There really is no telling when those points are in the market. If someone knows that, then he would have been one of the richest.
But as of now, what we have are educated guesses. We don't even know who exactly manipulates the market.
So investing really is a very risky business.
All we can do is hope that it stops digging and start climbing.

Hyperbole or otherwise, all i can understand from this thread is how important it is to educate oneself in all things crypto. All the advice going around though apt and sane cannot be taken out of context, and is perfectly suitable to the needs and requisites of a particular person and time.

Don't pushed too much, take it easy and wait up for the rebound. You need to be a little more patient because I guess this dip will last quite for a long time. No body would know when will rise.

Always buy the dip but only use the amount of money you can afford to loose in case things go bad. I think you should give it some more time and stop investing for a while if you are running out of money

The same people also say Only invest what you can afford to lose while saying buy the dip. Did you heed to that saying? I don't think so. No one can guess or predict the crypto markets correctly as it doesn't works on technical analysis.

The dip has been bouncing off below and up again a bit. Surely the market is unpredictable. We cannot predict such rise and fall of the values not unless you will be there to control the volatility. As in manipulating the results by buying the remaining coins and holding it. I guess the graphs are showing us the bottom of the exchanges. Perhaps it would be better to study or analyze what is the cause of all these to avoid loses.

You should reach a sort of agreement with your greediness and set these points for yourself and by yourself. You are out of money now because you try to increase your potential income in pretty a silly way:)

you should have a plan first before speculating on this downturn. if you buy from two months ago I do not think you will have a big loss, because after all you buy from a cheap price. actually you can do a lot of speculation, such as short-term merchandise do and keep on re-so that your atlcoin growing. this is one technique and certainly requires experience.

That is right. It's better to know and keep in your mind how long is your limitation. Don't ever put yourself into a miserable place or situation. Never do involving too much in the things that you have no assurance or your not even know if it produce surely positive things for you.  Having a desire to have more and much better profit is really a good thing but it's always has a limitation. If you know that you can't do this anymore and it's making bad cause to you then leave it. Don't push yourself on the cliff. I hope you can survive in that situation soon.  

verry sad to read that, yeah buy the dip is good if we know and can read the market hype, but if we just buy the dip without knowing anything and thats a mistake, maybe you can not get profit in this time, but hodl for half year maybe something good for your token / coin you have bought

regardless of hyperbole or not, always trade with the money u willing to lose. thats all

if BTCdrop to $5800 it won't last long at all.  I think this is the baseline
but it will start a huge dump as people really fear and losing their trust with everything now.

Most riches investors believe that buying in the dip are really advisable to do. But I'm just thinking maybe it is case to case basis and it's depend in the people and it's wealth. Doing investing or buying coins in much larger and higher cost are absolutely doing by the most riches people because they never meant whether if they will be loss or not. What I mean is those people are really never felt nervous or panic because the largest amount that they investing is possible just a little cost for them. I just want you to understand that all of us have a limitation and it is good to implementing in our life so we can't blame our self at the end.   

The first rule of Fight club, invest money that you are not afraid to lose.

Yeah it's been falling for so long now, I wouldn't buy it now as cheap as it is. Maybe during the first few times it starts to rise again.

Then stop buying. They also tell you that do not invest the money that you cannot afford to lose. If your investment will cost you your house, then you are investing the wrong way. If you invest what you can afford to lose, you will not mind the dip so much. Believe in the technology behind your coin, it is the foundation that will make the price bounce back.

there are 3 things you need to know.
1. invest what you can afford to lose and when you are a beginner in this market and to trading then invest a lot less than that. and while you are at it, stay away from crypto channels/advisers they are ALL scammers or if not they are idiots.

2. not all dips are worth buying. you only buy the dip when you see a future for that coin. in altcoins most of them won't even come back up after a dip they will continue dipping more after that dip! and most of them may take months before getting another pump.

3. buying most of the dips means you buy when the drop has slowed down and you see some signs or a reason for the rise and also you dump as soon as the recovery came because that recovery will be followed by a bigger dump. and you only buy the dip to take the profit from that dead cat bounce that the altcoin you bought is going to have.

not much can do at the moment. most importantly you should be patient and look for new information involving bitcoin and crypto. no matter how down at the moment, but all you can anticipate by doing a few steps or short trades

Buying the dip is the best thing one investor could ever do. I bought this February and now I regret that I didn't wait longer to buy the March dip

The crypto market does not know before when to go down. It makes investors worry about risks and opportunities. I have invested and if the market is down I will keep the money I have and can buy again if the balance is. I will not risk more when conditions are not guaranteed to lose everything.

This is the april dip I hope, we have not seen a strong start so far, the price had pump but that was only temporary.
We need big news that would positively impact the market, when bitcoin will pump everything will follow, so for now since the market is not performing we have to hold strong.

Before put big money in to crypto you should thinking many times and do own research about situation of market, learn technical and fundamental analysis is will help to get best entry point to buy any crypto in the market. Learn how to become patient investor and make other risk management, you should put that money by divide the times when buy any coins, lets say now use 10% of that money to buy any crypto and keep other 90% for buy later, we are here just make prediction so anything can be wrong.

Just keep buying the dip until it reverses and becomes a hump.  Buying the dip isn't a one time thing, you should buy in increments.  If you single shot it, you will run out of money and just watching cheap cryptocurrencies is painful. 

Noone can know exactly where is dip. Lots of people buy the altcoin when it is in red and believe that it will increase in the future, but the price for this action and thinking is too expensive.  They keep waiting, however, the price also keeps decreasing.

oh my. you should have not put all the funds you have and now your property is at risk of being taken to you. you forgot the rule in investing to cryptocurrency, invest what you can afford to lose. this will be a lesson to others who  takes it all to something we do not know fully well.

Actually, after an altcoin decrease too much into dip, it will tend to go into sideway instead of increasing immediately. I think you should purchase it when it's in sideway instead of in dip

I think so too, buy while you are still able, not to the extent that you will lose what you have. Invest only what you are capable of losing. But in time you will get what you go to, and it will not be wasted

I think you should be patient and wait until it starts to increase

Choose an altcoin which is in increasing trend and buy it when it is in red because you can spend months or years waiting an altcoin rising from the dip to the peak, which means you can miss a lot of chance making money with this money and this time.

Buying the dip just means buying at support levels, within an overall uptrend. You need to make sure that the overall trend is up, or buying the dip may be riskier, or pointless.

I think buying the dip means buying stock when the price reaches a low, when the stock experiences a significant drop in price. However, it is too difficult to specify where is the Dip, especially when you are newbie, so be careful with this method. 

we don't know when the dip is gonna happen so be wise of what you invest. maybe it will happen today, tomorrow, next week, next month or maybe next year. cryptocurrency is very risky and you may loss everything you have. what you are investing now is your lifeline so better stop buying now if you knew you gonna run out of money and wait for coins to pump but of course it will take time. when investing you don't always get profit sometimes or many times you will lose money. like everyone said don't invest what you can't afford to lose.