Bitcoin Forum

Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?

I know its not an exact science but I've heard a few different preferences on this such as:

- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut

As nobody's a crystal ball to perfectly predict price moves, I literally always ended up purchasing above the prices I had an opportunity to buy at. Therefore, I've recently simply went for "purchasing when the price drops" no matter by how much or what criteria it is.

The only criteria I might sometimes follow is if the price drops low enough for my average purchase price to move down too. However, that doesn't happen often at all so yeah, these are "gems" you could profit off. But at the same time, if Bitcoin drops right now to $3k again, I doubt you will be convinced it's a good idea to purchase. You never know how low it goes.

If you can get past the emotions and only take actions based on your gut feeling, I think you have much higher chances to succeed.

Yes, I very much believe DCA is the best way to take emotion out of weather you're buying at the absolute "best" price as such.

Surely you must have at least some small criteria rather than "purchasing when the price drops no matter by how much or what criteria it is". I mean BTC drops 10% maybe once or twice a month, where as it drops 1% (from open) pretty much every other day. Do you just mean you look to go in on these frequent smaller corrections (~10%) that happen quickly?

It all depends on the situation, there are no right answers as TA brings just brings options to choose from. Sometimes price bounces from specific MA, sometimes from fibonacci lines, sometimes it doesn't follow anything that happened before.

I rather listen to my gut and to the exact opposite what my gut says. I admit i rarely have balls to do that but that's how i try to operate.

Yes, of course all TA is speculative and a fugazi (https://www.youtube.com/watch?v=hAQA_29Htts (https://www.youtube.com/watch?v=hAQA_29Htts)) lol. But don't you think if the price was to move past an 'open-low %' MA line on the weekly and/or monthly timeframes it would be a good indicator of a dip? It would be saying 'this price movement is more negative than average for this period of time'. If you had alerts on both it could tell you 'this price movement is more negative than an average week within a more negative than average month". Yes the market could continue to fall (just like any other moment) but at least you'd be making a better than average call for that timeframe...

TA's aren't really helping with the market we have.
Things can be sorted out and that giving me the guts to accumulate more coins after the bullish is over. I don't have to ride the market during its hypes and it is all predictable that it usually dumps after then, that was a good time to do it.

I know there is no perfect time for investment and that buying coins is already at your call, not that because someone is asking you to make it. Basically, it is you who want it and who takes the risk. Not because I saw a declining market I started to buy, it should also be considering the looks of the market condition and that seeing the possibility that it turns back high again, not a dead one.

Yes, well all I'm trying to do is tweak DCA a bit more in my favour. I'm very much of the "stack sats and chill" philosophy, aka just buying whatever amount at whatever price whenever you can and chill because BTC's gonna moon eventually and they'll all be "winners". Obviously this runs on the foundational belief that BTC is not a "dead market" long term and therefore no need to pay much attention to the charts. Basically I'm just trying to see if theres a way to get statistically superior buy-in prices for long term HODL using TA.

Normally i don't trade too much.So i wait for right opportunity.When i was newbie, i didn’t follow chart.I would just watch youtube video and blindly believed them.And end of the day when price fell,i normally paniked and sold them.

I have a 100% faith on bitcoin.So if bitcoin falls 4000$. I know bitcoin will bounce back to its previous place 10000$.This is the time i choose to buy bitcoin and i think it is the right time.You just have to be brave.

For other coin i just follow chart and watch for a week then i just  go for this altcoins or specific coins.

I personally don't use a single chart indicator at all. Whenever bitcoin just drops a decent amount, probably 6-8% ish or more, I just put in a bit of money. I personally suggest going the DCA route instead though, it's a far better method for people who know little to nothing about investing in general.

I only buy if bitcoin price is down for more than $50-$100, and if the price can go down for more than $300, then I really love to buy it because that will be a big discount for me ;D

But well, I don't trade too often, and sometimes, I follow my feeling to trade. If I feel that the time is not right to trade, I will not trade, even if the price is down because I often see that the price can go down for more, so I will wait for a while to see what will happen with the bitcoin price.

We're the same. Since I'm only a small hodler, technical criterias don't matter for me too much. As long as I am able to sell my coins at higher price them I'm already good with it. I get also tired of waiting for dips just to buy. What I do is to buy right now  given that I got extra money in order to save time because I oftenly miss opportunities the more I chase for greater dips ;D. I know my way seems so careless and not so technical but that's what it is. What I can only do right now is to hoard and sell when the right time comes lol.

Yeah, hard fact is don't ever put what you can not afford to lose on btc or any other investment you are not 100% sure (although I highly doubt if there is such investment) probably gold...... Anyways, whether you decide to put a cent or penny into it is because that's what you are willing to lose if anything should happen,
Every investment is a risk, and life is all about risk,

To me when there is a major correction is usually the good time to buy the dip because then you have the opportunity to really buy btc at a very low price,  and of course, buy with the amount that won't cause you pain when things go south.

I have a very simple criteria.

When the people panic and that resulted to bring the price significantly, like a drop of 20% and above, then I would always take that price as long as it was not coming from a big pump as it could be a correction that could further dump.

No one can perfectly predict the dip but as long as we buy at a good price, then we will be able to sell it in a short term since bitcoin will always recover especially if its oversold.

Just buy whenever you feel like the price is going to give you enough profit during bull season.
Don't solely rely on following chart movements, because it will become irrelevant once you don't have any idea about the news that's going on in crypto space that could influence the movement of Bitcoin.

Speculating is hard, specially when you're finding a good entry point. So, whenever Bitcoin drops a thousand dollar or two, then I would consider that as a good time to buy considering how expensive to buy a Bitcoin today.

It's very dependent on personal preference and often times people have different stuff they think about whenever buying/selling. One thing to not reference on is towards the TA's that a bunch of YouTubers, crypto enthusiasts, or famous crypto people. Use it as a reference, maybe, but be sure to understand what the hell the dude is talking about before even using it as a reference, and don't use it as the final point in your decision making. 

I myself just often buy low sell high, at around 7-8% drop. It depends since sometimes I myself have no funds available at hand after all. Just like what others have said, No one can really predict anything, so just trust your own judgement.

It's a gamble because you'll never know if that dip will be followed by another dip, and because of that it's better not to have a specific criteria buying Bitcoin or other assets. You know the basics of investing, am I right? Buy when you feel like you could make profits even short or for the long term.

Buying the dips A.K.A catching falling knives.
For me, buying the dips is only good for some flash dumps, like a huge dildo in the chart.
The only difficulty in buying the dips is you will not know where is the dip or how long it is.
Especially when you already bought the dip, but what if the price will dump again? So, it's kinda difficult, you don't have bases.
That's why I much prefer to buy on breakouts also using chart is the best.

In my opinion, better/safer to buy when there are significant dips, so that your profits are significant or you don't lose your profits to transaction fee/fees after selling. 

If you buy a dip and the price dips again (or significantly again) you could buy more if you are confident it will bounce back. If price bounces back significantly, you can sell part of what you bought. If it moves up the 2nd time (without necessarily dipping) you could sell the remaining  part if you want. If it dips significantly, you buy again... So, it's better(in my opinion) to buy/sell at significant dips/bounces

Same here:  I always check for the market sentiment.  How the media is publishing stuff about Bitcoin and that includes some popular TA.  So matching TA and the market sentiment, that is my signal on buying or selling BTC.  And of course, a huge drop of price is always a go signal of buying.

Everyone has different criteria related to buying the dips, for me when the price drops above 5% it is deep enough. And I call it buying
the dips, but that is not a binding criterion. Sometimes I adjust to circumstances, there are some special events that make my criteria
change. For example when a pandemic covid-19 outbreak panic sells happened, then when it falls above 8 percent it is said to be buying
the dips.

I buy when keyvendor is selling TF2 keys for 1.65 or less.   ;D

But I guess a reasonable entry point (at a price you may see in the next few months) would be around $8400 USD (give or take $100-$200).

Probably won't see that $4100 USD value again any time soon.

(& if investing long term, hell, the $9000 is fine? why make yourself wait longer for capital gains rate, at least in the US?  it's much less taxes then.  well, i'd think.  otherwise you shouldn't be putting money in bitcoins .. I bought the juicy VDE ETF @ $40 .. it is good dividend yield and entering a semi-decent price again.  i'd probably buy this over bitcoin.  price of energy will go back up.  unless we enter nasty depression.  then you'd be screwed either way.  most people would tell you to buy gold.  i'd say to  buy lots of guns, and resell them for more later .. or perhaps some nice arable real estate out in the country, away from cities that dont have police departments.  ::))

I think every trader who doesn't believe in analysis think it's an opportunity to buy on dip and this can be best strategy for someone who is investing his surplus money and has a capacity of holding it for long term.someone who can have long stoploss.I was also the same in the beginning so is everyone but with experience they know that analysis is a must to prevent losses even though price seems very attractive and safe.

People with an investor hat on always assesses when the right time for buying is, and as far as predicting when exactly in the dip the buying should occur no body knows for sure.
For me personally,  it depends on how much disposable income I have that I'm prepared to lose and when the candle is below 5% of the previous week. That's when I start thinking about buying in. I feel safe-ER like this because I can always add a stop loss which at times prevented me from losing out, though one word of caution is that this feature isn't 100% impregnable, you could still incur losses.

The hardest thing in this crypto market is we don't know what happens in the next day. Even though we buy cryptos in every drop of prices but it won't still be the guarantee that we become profitable in the coming days as the market may drop more.

Buying cryptos in perfect time is what we wanted but somehow, it seems too impossible to predict and that perfect time will it matter to you as a buyer if we want to buy it. Should I buy Bitcoin by now since the price is at $9k? Of course, I would say I have to wait for a while when the price will drop a little bit more. The same thing happens to other coins.

I don't follow any of that TA, for me it's strictly psychological round numbers, with targets close to them or just below them (so that's 8k, 9k, 10k, etc).

Note, I don't actually BUY, I earn in BTC so I try to time invoices near there, when I have any. Same goes for selling.

It's a completely ridiculous experiment I'll say, as I make/lose just as much as when I don't time, so there you go.

I think that first of all it's important to make sure that you believe the currency can recover from the dip. Many fall and never come back up (take Ripple as an example), so buying the dip wouldn't be a good idea. So what's important for me is that the coin recovered before. For instance, Bitcoin recovered from $6k to around $10k multiple times, so whenever it goes down to $6k next time, it might be a good opportunity to invest. I have to admit that I'm like buwaytress here in a sense that I don't buy BTC but earn it and then consider whether to sell or hodl.

I don't buy anymore, but when I did it was all about the percentage drop.
Bitcoin follows the same path every time. All drops of 20% and less can be manipulated and come under the short-term volatility. You shouldn't be concerned about it unless you're a trader. Drops of 20-40% are good, but also may be an indication of an incoming bear market (like when there's a dead cat bounce following a 40% drop and then it goes back down).
A 50% drop is always a good investment and that's where you should start if you believe in the asset and are ready to stack up.

In 2014 that great zone was when the price fell from 1k back to $400. It later went as low as $200, but in 2015 it was already back above $400. It never stays at -60% for long.
In 2017 you had that early fall from 19k to 8k that a month later recovered back to 11k, went down to 6k and back to 10k, indicating that 60-65% from ATH as a great short term buy zone.
In 2018 we had a 50% drop from 6.4k to 3.2k - another great buying opportunity.
In 2020 another one from 10k to 5k.

When you see a 50% drop, get your fiat money ready (not a financial advice).

You can't possibly know the dip exactly but be always prepare for the huge drop and buy some holding for yourself. Bitcoin really can't be determine by tools some individuals would suggests because it is a different technology which we are still engaging of knowing it secrets. Personally, I buy bitcoin when the price drop below $$9k and buy again when it drop further to $8-7k. In any time of the buy ensure to hold your coins for long-term than short-term.

We all know that nobody could tell the exact price of Bitcoin but I buy according to the drop percentage. It's subjective if you may ask how did I do it since I buy when I feel it. You can always tell whether Bitcoin is going to bear market or bull run that's why I tell you it is subjective once you stay longer in this market you will know how to follow the trend.

I don't rely that much on media, this can be.misleading.
Yey, I watch the market and TA is just a side tool but most often I make decision based on my on prediction and of course the amount of funds that are available for me at that moment. Every price dip is an opportunity and I try to use it, not just waiting for massive price drop. I've learned so far that there is no ideal time for buying Bitcoin, you just must act according to the moment.

Generally only buying the really deep dips, starting from around 30-40% pull-backs, but laddering down to 50-60% in order to get a decent average near the lows.
Otherwise, in a more bullish uptrend, then the 0.382 to 0.5 fib retracement levels serve me well.

Most of these criterias do talk about technical analysis and i would say that it not really bad to have these kind of indicators but fully relying on them wont really be precise.

Its better to have these things than just randomly guessing that you are already on the bottom price or simply talks about your gut tells you behind.

Answering the question on how to consider dips then i do buy or accumulate when it drops -10% or more.We cant say on how much it would further go but at least you
have stashed cheaper coins a while ago.

This is a thread worthy of a poll, everyone of us has different idea on when is the best time to buy a dip, in my case I go for the chart and rely on my gut feeling, if you have been looking on a chart it's dip and surge in the price, and on reading and getting update about the market , you can analyze the best situation and circumstances to buy when there is a dip.

Criteria huh?  ;D

It's difficult to have the better answer.
Mostly, I end up losing more when I am trusting my instincts.
Next, it will be panic in thinking I may lose more if I don't sell it at the time another dip comes. (after the buy)

I guess it doesn't really have a better explanation for it.
Just buy the dip and trust it will come back up at a time. Mostly unexpected.

Its never certain in results but buying into a dip is when you think the gradient forthcoming will be especially steeply positive.   So right now we've fallen and passed through some moving averages, I would wait some time for that energy to dissipate, because to challenge or stand in the way of a price moving the other way takes alot of confidence.   However if we somehow rise above the 2 day average for example then it starts to build the case for action to be possible to the upside, it becomes less dangerous and more within a range of possibilities that we go up.

https://talkimg.com/images/2023/06/12/A4eOI.png

Heres recent action 2 and 8 day in blue and orange line.   The flat yellow line there is arbitrary but its not a bad measure to hold, if we can close above that on a 1hr bar its sign selling may be receding.

People will reject this one because you mention gut.   But experience yes and taking a genuine interest in the price flow even when you arent involved, that counts and its just called gut because its subconscious but that doesnt mean thought isnt involved, its just not fully conscious or stated long hand.  Very easy to go wrong on that idea tbh.   Probably the best traders do alot of actions by these two things experience and reaction based on where they believe the price will appear next.

Its hard to know which price is a dip of bitcoin. But I believe that buying bitcoin below $6000 is always a good choice. Bitcoin currently can not go below $3000 anymore and many whales are trying to collect as many bitcoins as they can. There are no specific criteria or secret recipe here.

However, if you are a short term trader, buying bitcoin whenever it drops $500-1000$ is a good idea. Try to play with leverage to maximize your profit. But dont use it if you dont have experience in trading or money management

There is a general saying in the stock market that "time in the market beats market timing" however it is difficult to really apply this to BTC.
I just set in several buyorders (at 8000$ - 7000$ - 6000$) and also sell orders. Everybody has him own strategy, but this one is working for me (so far).

Actions would really vary depending into our own skills and knowledge but we cant really avoid the fact that emotions will also be a factor
that will surely affect on making up these decisions.

Yes, its really difficult in talks of precise answer on telling on what would be a specific criteria when buying out dips because not
all will really be having the same mindset in situations like this.

Some do make price actions and some do goes for reversal basing up on technicals.

After a major correction (weekly or monthly time frame) and a subsequent accumulation bottom. Examples would be September 2015 and March/April 2019.

Dips below the 200-week MA are also historically excellent knife catching opportunities. Catching the knife does carry a lot of risk though.

The current mid-term structure is not as clear as the examples mentioned above. Strong upside momentum is present but there is no accumulation bottom, and we are still officially stuck in a longer term bear market since June 2019. That's why I'm fairly neutral about the mid-term outlook. I'm not sure which way this range is going to break.

I have certain levels if the price falls below a certain level or breaches the certain tolerance and considering the market situation I do buy the coins. Though not everything will go right because there are times when you think you bought at higher levels but overall when you look at it this will help you make profits and also exiting is equally important when invested for short term.

I mostly follow my guts and sometimes I follow a few of the experts that I follow on twitter. Like the time when there is a flash crash in the market when bitcoin price falls more than 20% then you always know it is the right time to buy bitcoins, at that time I buy bitcoins as at this time I am sure of getting a profit on my investment because bitcoin will surely go up in the future. Also when the price isn't moving up for a long time I usually sell a large part of my holdings as there are high chances of a market crash.

I am for the dump,i mean at least more than 10% of fall?i will surely add some on my folio.

I have been holding my coins so adding is just an option,but in time like what last march 12 happen?i would particularly wait for the deepest before buying again.

March 13 was the deepest with $4,100 since the bearish run in 2018, how much the lowest would you consider? There is no indicator for the lowest dip. IMO, If you'd have to put a certain margin of specific percentage for a good entry point then grab it, than wait for the deepest that still uncertain.
There are actually a lot of things to consider when buying the wisest range for Bitcoin. Market sentiments, fundamental news, and technical analysis. If you can effectively use this tools all together, you'll be able to have a higher chance to have a good entry point and selling point.

If you do monitor the market trends and you understand the coin that you are going to invest your money. Chance to get decent profits is very possible.

Timing is very important, it's a matter of how good you are in anticipating what will be the next market movement for you to place both entry and exit position.


You are right, exiting accompanied of gains that you acquire from the dip that you bought and the high that you sell.

I respected your decision, but what I've seen here for now is the smartest decisions that we could make. Don't wait for another dumped price to occur because it's already happening right now. On my own perspective, the market stabilize very well so let's grab the very best timing before another bullrun price will commence.

I kind of do but it is not a strict one that should be used every single time that happens. I have a criteria where if bitcoin drops over 30% that means it is a dump and the price hits lower than it should and I try to buy as much as I can. This doesn't mean that you should buy it as soon as it reaches 30% drop because it could go lower, or this doesn't mean that you should stay away if it dropped 29% but failed to reach that 30%.

This just means that if it reaches 30% and more I will buy but if it stops at 20%-25% levels and doesn't go down anymore and stays there for a day or two I will probably buy there as well and if it drops 30% but looks like it is still dropping I will wait for it to stay for at least 18 hours at that price before I buy. Calculate the volatility of bitcoin movements into your purchase before you do anything.

What I like to focus on is the news and the situation on the market. If the dip is caused by something irrational like the fear of a virus that has a very low mortality rate I know it's time to buy not sell.

The other thing I like to look at is the time. Say I want to buy Bitcoin and it's in a bear market. If the bear market has continued for more than 6 months already and the price is at a 6 month low it usually is a good time to buy.

Why do we overthink things or complicate simple things. Buying the dip isn't that hard to do and totally depends on personal experiences in my opinion. What I consider to be a dip might not be the same as yours. Currently the price of bitcoin is trading around the $9k and above range so assuming I was to buy the dip then anything below the $9k would be a perfect bargain considering I would be holding my investment for quite a long period of time.

Although the most effective way to buy the dip is to buy in batches if you're not convinced of the market retracing from your buy price range.

Of course, There has to be some kind of criteria. But this largely depends. It differs per person. Some just buys anything that is - % down in a specific time period. However, everyone always want to buy low and sell high ( that's the goal anyway). But it doesn't have to be a clear cut. You  don't have to wait till a token is at a specific price before you buy. You would be leaving more money on the table this way. In my experience, Its best to decide what determines your trading moves.

Average down would be good but depends if you are holding for long term or would go for shorter trades.This one might be basic for some but actually a hard part for most people since they do always look for the best timing
or situation for them to get in.Its true that we do set out own criterias on when we do buy and as said it wont really be similar to each person since we do have our own decisions and analysis on each price movement and
this what differs on each individual. Experience would matter on molding up these kind of decisions- from a very complicated analysis to a simple guess just because your guts do tell you. Lol!

I personally don't buy Bitcoin that much especially now that the movement of it is sideways and we don't know where it will go.

I don't know if the price movement of this will go up or down. My criteria or I should say tools that I'm using as an indicator whether I will buy or not is when it reaches the 200 Daily MA as a support and breaking a long trendline as the resistance. If either of this will happen, for sure I will accumulate more. Buying the dip is almost impossible because you don't know when it will go up or go down. The best thing to do is to just buy if the criterias are already met.

I go with experience, but I also used to have very low bids always ready before COVID-19, and added more every month after receiving my pay-check.

yes that was me , i do only have 1 criteria when buying and that is if when the coin drops at x amount . im not really an expert at trading so that could be the reason while others that are experts do have a diferent critieria because they are perfectionist or ambitious about what they are doing .

the goal is to buy low and sell high but everyone does not buy easily  but we do all have our different criterias for judging the dip .

I dont really have a specific criteria when buying. If I have capital to buy additional coins then I will just wait for a dip (which is the common strategy) though its not easy to determine if the price is the bottom. Because we cant really say if the value is the bottom price before the recovery will happen, it can decrease further or turn up unexpectedly. So I just compared the current price to the previous movement then I will buy when the price decline.

There are some tools to measure how far the price will fall and up like fibbonaci and even with support and resistence (which I think very accurate) it can help you to minimize the risk.

Because for me, before I decide to buy some coin that I think it will be profitable in the future I'll see first the current trend. Although I'll hold it for long term investment but I have to know the lower price that will be face in order to I have good profit. 

If the Price of each currency falls at least 20-25% then that is what i think the best way to expect as Dip.

i don't really looking in graphs because i am not a analyst and this is my way of believing how my big buying will happen.

I can even spend all  my capital again when this happens because i am always waiting for the right time to purchase as i am gathering capital on weekly or monthly basis from my work allowances .

Sometimes intuition is a very good indicator, in a book by Jesse Livermore he explains that part, he said that he had a hunch or a presentiment, in the middle of his business decisions he gave hierarchy to such feeling, and it was very helpful because he obtained expected earnings.

Of course, trading should not be seen as intuitions because it would become gambling, but many times the same subconscious can give you some signals.

It is risky to buy at dips because you will never know if it is the final dip or there will be another dip that may happen. Buying at dips are called counter trend strategy, which means that it has high risk because the selling pressure is too high.

I do have criteria when I do buying at dips, I first looking to the RSI and also to the chart. I plot support and resistance in the chart and I make sure that before I buy in dip, the price is near at the support level when I do long position.

It is not possible to find perfect bottom of the trend to buy it for cheapest price so just buy when you see the prices are low and people are yelling bubble bursts. :D For sure the prices will increase once these things are done.

whether for Bitcoin or Altcoin ?, if Bitcoin waits at $ 8500, many experts predict it will go down there, but not 100% right,
you can buy 10% of your capital at $ 9000  ;D, for the better, if goes to $9500 you have a profit

Going against the trend is effective if you are good in taking the risk, if you are willing to wait and see
the outcome that you are intending to see..


If you have this strategy and if it's working with you best to put your orders and allow the sway to go
according to the direction that you wanted to see.

Without taking such risks we can't be able to make such good profits, so don't be afraid of taking risks but it applies for bitcoin but if you apply the same going against the trend strategy then surely it has more chance of back firing.

Risk takers have more chances to win compared to doubtful people. And I really appreciate people taking such risk and that because we are in crypto we are already engaging in that particulars. I understand why some of us leave crypto and quit because they are not gaining confidence and that crypto investment isn't really for them (quite that normal to see).

A businessman could hardly be a teacher, crypto investors will also be hardly a teacher as well. People rather live where they have the confidence to work. The same thing that you buy coin/s base of how you wanted to be and that is your criteria.

Not all things would fitted for each people and there are really ones who do easily turned their back once they do saw that they can able to comprehend the risk on this market compared when they do invest into traditional stuff that we do know.It depends because confidence differs on each person in talks of investment and yes they do have their own specific criteria on when and how they would come out to the market.
Risk takes does really have more chance on making money compared to those who are doubtful from time to time.They wont really improve out themselves if they are just too scared to invest.

A crypto trader could not be a teacher but a teacher could be a crypto trader, a doctor could be, a mechanic could be and anyone can become a crypto trader.All they have to do is to know their risk level and take risk based on it.Never try to compete with anyone, just stay in your zone and trade when you can which will result into good reap.

actually there is no specific way to tell,even if we are certain still we are not in position to tell others what is our specific criteria because if can be true or either be wrong.

- When the price decreases x% on the weekly/monthly candle =  nope i am not

- When the price moves below the weekly/monthly negative average = most of the time yes.

- Only a couple of times a year after a major correction = Yeah exactly i am doing.

- Just look at the chart and go on your experience / gut = i must say Instinct?

Remember we had all our own opinion and style in everything so lets decide our own.

I generally do not have a fixed criteria but I usually see that a sharp drop is happening or the drop is a slower one, I mean sometimes the value drops by 10% within 24 hours while sometimes the drop is happening slowly over the week.

I prefer to make my buy when the sharp drop happens and the logic I do that is, when sharp drops happen they go up pretty soon to the normal value as sharp drops are either a sharp/scam dumping the bitcoins or just some other event which I am not aware about. While a slow fall means that the drop might be natural and buying at such point might need months to recover the price.

So, I often try to buy when there is a sharp dip and once it starts climbing, that is the best time to make buy orders in my opinion.

Do not pick a specific system that would tell you that a coin hit bottom, usually that may not work out the best way you imagine, you might actually fail and that system may show you something that is not just fully down yet. You know what is my understanding of a bottom? Not THE bottom but just A bottom, like not yearly lowest point maybe but lowest before it goes up type of situation?

Well, I wait for a coin to drop as further as they can, and eventually they stop, they don't go down anymore, and when it stops I wait another day, and if it is still there I buy it. But, this has to happen with at least 30-40% (depending on the coin) falls, if something went down 5% and stopped that is not bottom, but if something dropped 30-40% that means you are getting to bottom or very close to it.

Maybe that is why there are so many gamblers who regret betting because they took too much risk  ;D (so I disagree with you ins simple words if you don't understand the statement).

Taking risk is good but knowing your limits is important, I mean yeah you must take risk to get rich but that is how gamblers think traders would always make favorable trades which not always mean taking risks.

But, a teacher would make sustainable profits while a businessman will make profits and also suffer losses to maybe such an extent that they have to quit their life at the end, I am sorry but I have seen a lot of cases.

Depends how how much risk and risk appetite you have because if only taking risks was making people rich then the casinos would have shut down and the gamblers would be richest people. Knowing what is profitable is not always related to how much risk you are taking.

These criteria is good but I think it's been good to buy when the price goes down because we all know that this criteria is good enough. Buying in low price is good to have profit. And no one can predict the price so we must be updated about the price.

It really depends on the coin what you are dealing with. But if we are talking btc in general, I do think that there's really no fix criteria in buying btc. As long as you have money to spare and you are seeing the sudden drop, this may be a good time to buy. But it depends on you, as you don't know when will it recover. So you have to assess, if you are buying for short term or long term purposes.

Easy to say that you should buy on the dip but when you are on the actual thing then identifying the bottom is a very hard task due to unpredictability aspect of the market.

Criterias been made would vary on each persons way of decision on specific situation.It might differ on some aspects but all do have still the same goal which is to buy in the dips.

Always set out PLAN B's when your initial plan didnt work out and continue if it does even more.

Buy dips could go on two lines of logic, to identify long term trends (bullish) and hope they hold.    Or to buy into momentum, moving averages rising which shows a likely move towards higher prices.    So you could just simply watch 50 and 200 day averages, when the 50 is above the 200 and both have the line ascending upwards then you can buy into BTC with the idea we have a bullish trend.    I like that idea in theory because its quite simple and balanced over medium to longer term trend, its not infallible but no system is.
   Trying to have the skill to pick apart trends and call them, draw on a graph and be correct in predicting the crowd is harder to get right.   Same for the news imo, how many times did BTC get banned in China and the price fell yet it was still rising longer term; news I dont trust that much as a criteria though its relevant of course