Bitcoin Forum

BTC dropped 14% and ETH hit $1800 yesterday. The market is in terrible fear. As the leading coin in DeFi lending, AAVE peaked at $668 and it is now $200, nearly 70% decrease. Should I buy the dip now?

DeFi lending protocol like AAVE is undoubtedly the number 1. What product and which newcomer do you think can overturn the current DeFi lending giant? Here are some of the DeFi lending products that I am following:

1. Notional https://notional.finance/  backed by Pantera and Coinbase, fixed rate lending protocol
https://hx24.huoxing24.com/image/news/2021/05/24/1621821514815481.jpg

2. Decredit  https://decredit.io/#/   credit loan, low deposit and high borrow
https://miro.medium.com/max/2400/0*rg0Z9LpuFYk2_0_W

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Others crying, I'm buying. The secret to gain benefits is to buy it when it's undervalued. ;)

"Buy when there's blood on the streets .."  ;)
I am still not sure if this is the end of the drops, but I strongly believe that prices will start to rise again soon. My favorite at the moment is primarily ETH. I see a lot of potential in the upcoming hardfork. If the transfer fee costs drop significantly, I think ETH will have great potential for new ATH.

I would, most definitely buy me some Bnb, then ethereum and Matic. Maybe Btc. That's how I roll these days

I think that during dips or during real bear market is the best opportunity to invest into projects that are already big and established and that we can be pretty sure of that they will still be here in 10 years and that they will also increase once the next bullrun comes. By that i mean Projects like ETH, Polkadot, BNB, Solana but also projects like AAVE that you already mentioned. The only question is what happens next in the market, is the correction already over and are we starting to see stabilizing and afterwards rising prices again, or are we just at the beginning of a 1 year long or even longer bear market?

Buy bitcoin and ethereum or any other coin which is well reputed and has the potential, I am not going to suggest any coin because no one can predict the future so just pick your own coin and my cryptocurrency will always be bitcoin.

I bought some avalanche, they went just below $10 and they have a good future. Even in worst case scenario, I see them doubling to $20 soon. I also bought some BNB at $250 and already sold them at $300. Also bought Tron below 5 cents but couldn't sell them and I'm still holding them. It seems like we are going through another dip and it would be another chance for me to buy some coins for cheap.

No doubt, this is the best time to buy more crypto owing to the fact that we've experienced over 50% decline in the value of most cryptocurrency. I'll go with Bitcoin and ethereum for a long term hold because the market don't seem to be bullish anytime soon. What ever decision on buying cryptocurrency should be in the light of a long term hold because we're in the bear market presently.

I am surprised why so many people chose BNB coin, I might choose it for short-term trading, especially since its value will recover quickly, but in the medium and long term, it is a very bad investment.
Just because the price has risen a lot, it does not mean that it will continue to rise, but on the contrary, it is an indication of an imminent collapse.

Same apply to Dogecoin and other coins that people only bought it because of price or tweets.

one of the principles of this honest "buy the dip" trading is one of the safest trading methods, minimizing excessive losses. and of course you have to apply these principles little by little. Don't let the obsession when the price doesn't support it seems like it will give you a bigger opportunity.

I am still waiting for Ethereum, Bitcoin and BNB to fall even more in price, as I think that the next correction of the cryptocurrency market will begin soon and when the prices of these top cryptocurrencies will fall even more, then I will invest in them, I also think to invest in other top cryptocurrencies, but so far I have not decided in which ones, and so far I am thinking about investing in chainlink and polkadot, since these cryptocurrencies are developing very well.

I'm only buying ADA because its the only I can afford jist to add to my stash that are being staked. If the orice is more than $1 and I could earn from staking about 8ADA a week,  I think its a good investment for me.

I wanted to for my portfolio but I got no budget for it anymore, DOT would probably my next if I just have funds.

My top pick for the dip are:etherum, Cardano,  Polygon,  a little bnb and of course the bitcoin!  People still believe that the dip in the prices of Cryptocurrency are not here yet,  there will still be dipper dip when bitcoin begin to sell under $20000. I am loaded and waiting for market to recover and if doesn't recover,  I will be buying the lower low prices as it comes!

Have some patience fellas it's not the right time to start buying back some coins, power investors and influencers will try as much as possible to bring crypto value down, look at china presently do you think they are stupid? No they aren't, be smart

current ethereum network fee decrease sharply till 5 gwei for standard speed. It is as good signal for accumulate ethereum in cheap price , traders and investors will actively again using ethereum network in their transaction . But we still need to analize current market trend in order to avoid rekt when we buying ethereu, . as we now at this moment cryptocurrency still facing extreme fear, most of retail traders selling their assets.

I will buy bitcoin If the price of Bitcoin drops to $25,000. I saw that announcement on a big trading signal channel.  It will happen soon. And already market droping start.

Take full advantage of dip seasons to take advantage of greater advantage with imo. It does not need too much skill, just good judgment, decisive in its dyor, should not fall into panic and distraction. Good for holding PYR, SOV, THEta, OMI. For me, investing in crypto does not need to be too rigid and perfectionist, sometimes too much hope makes the psychology fall into an inhibited state.

Cool, I only buy in the dip provided I know what it is and what's coming.

It's pretty good when you see that ADA's potential is very significant these days, although the mainstream has declined sharply. For the long term, investing in ADA is one of the best choices.
as long as you can analyze ADA's potential in the future, it won't be a worry anymore.
invest as much as possible to make your mental psychological calm.

times like this are of course very important and crucial for both traders and holders, some are starting to get stressed because of the ongoing decline and some are still busy in adding assets and one of them includes me :) it would be better if eth went back down but right now pretty good because I'm one of the people who still like eth until now and I'm still very sure eth will continue to rise with the current trend which is starting to look good

Ethereum and bitcoin are always my top favorites. ETH is definitely in a good shape right now and if its transaction fee will be lower down, it will gain even more demand and maybe in the next days, it will come up with new ATH again.

Bitcoin on the other hand, is making most of its investors thrilled and kinda stressed because of its price continue to decline. But apparently, it gives us more good opportunities to buy cheap bitcoin that will fill our bag to add on our portfolio.

I don't think it's still the time to buy and hold more coins. Tough I have bought coins from all my stablecoins on the last dip, I now realize that was a mistake. The market is in bearish trend now. The price are touching record low every dip. It would be wiser to stay put till the market stabilizes. Lower profit it much better than higher loss.

It is normal to see others crying because they don't like what's happening.

But the right reaction is to buy when there are bloods on the market. It is the wise thing to do and there's no need to be disappointed and cry whenever the market is the same.

Experienced people will just adopt to it.

XEM

The last few weeks have been like a roller coaster, I myself am still monitoring prices every day. because I'm not on hold position right know, I don't feel any panic. but I understand the condition of people who are still in hold and especially those people who are not really able to just holding. they must be panicking. personally i dont think this is the dip time for buying.

Terrible fear? OP stop spreading fear to other users in here.
There are a lot that are just meh still in this dip.
Quite of an opportunity to buy more to be honest.

Many projects are feeling the heat of the dip, in fact almost all coins are, with shitcoins feeling it the most, thus taking us back to memory lane where it is said that holding good coins for long term is the best.
Nevertheless, with the market dipping and no one actually knowing how long it will last, I would say one need to be extremely careful on the coins to hold. As for me, I would pay more attention on the top 10 on coinmarketcap, because they will always be the first to recover faster when there is a positive progress in the market. Lastly, on that note, ETH, ADA, DOT and BNB won't be left out from my picks.

Picking up for potential coins this dip was too hard due to no assurance of gaining back sustainable profit. However, if you're not in rush of profit yet you can choose eth, bnb and xrp for good. But it takes time to wait until price fully recover for better price, because currently the market remains stable and not yet pumping just like the bullrun season.

In this dip I have accumulated PHR Phore, a project that I have been following for several months and which I believe is great in a long-term portfolio.
As the masternode accumulates rewards, the team develops a decentralized platform for tomorrow's ecommerce.
Also for all Phore holders there is the Graphene airdrop: https://getgraphene.medium.com/development-update-06-09-2021-33f0ec5e1b38

https://d.radikal.ru/d00/2106/d0/f8f7a0ce70b1.jpg (http://www.radikal.ru)

Real usage coins are good for buy always

Never heard of ARPAN. I like the three other coins you've mentioned and it's only ADA that I still don't have. In the case of bitcoin, it had a dip again. Well, sometimes it's very usual to see the market bleed during upcoming weekends and that's what happened just now.
Just fill in your bags with more bitcoin as many as you can while you're seeing it under $40k.

I choose to play safe with BTC, ETH and BNB right now because I'm not sure how long this dip but I'm more than ready to buy again when I see the bottom. It's too risky to buy a new project right now, we might not see them reach the moon just like before so better to analyze very well before investing. You can also hold good altcoins like DIA, CTSI and FRM, they are very cheap right now but their true potentials are always there.

i want to accumulate $WOO as much as i can if have any reserve fund, with the tokenomic and token utility i am confidence this project will be like binance or FTX atleast. this is still totally undervalue now and unfortunately launched on bearish trend, if it dont i am sure woo reach above $3 now. with zero trading fee, buy back and token burning and many other utilility will make it greater than existing exchanges.

It depends on you. If you are brave enough and optimistic that crypto market will recover, why don't buy at the dip now? AAVE is a good choice, it is one of the recommended Defi coins to buy. But you shouldn't focus on a single Defi coin only, take a look at other potential coins such as LINK, ADA, DOT, XLM, BNB, UNI, SOL, MATIC, TRX, THETA, or SUSHI. If there is good upcoming news related to some of the coins, why not consider buying some coins? You can optimize your chance to take higher profits.

Out of those four coins you have picked, ARPA is the least profitable coin that you have as i have track the chart it would be much undervalued if market goes crazy declining in the coming weeks  it would be much affected in there new development VRF once it release on the platform.

BTC, ETH, and BNB, some to consider among the top10 coins in the market as for safe and profitable investment.
I'll take only 3-5 different coins but I'm focused more on BTC.

Having the most valuable coin in the market is feel to be more secured especially when we are aiming for a long-term investment. But of course, we don't close the door for some new projects that are worth investing in. Sometimes we neglected to see because we are focused on the top coins. 

those 3 coins you mentioned are also my top picks. it feels that you can never go wrong when you have those 3 in your portfolio. and if you still have extra, you can look around for potential projects. those projects mentioned by the OP, i haven't look on those. but will be checking if they are indeed worth your resources.
if notional is backed by coinbase, then they have strong backing. but we don't know yet how they will actually perform in the market. will users really patronise their platform?
whereas, the decredit, no team published but the site is quite informative. however, we need to see first if they can deliver what is stated on their roadmap. til then, we are just speculating their possible future.

Opacity OPCT

Better than Sia, Storj, and even Filecoin... just doesn't have the marketing yet.
Huge growth potential but not financial advice

https://live.staticflickr.com/65535/51240709411_c78b66d447_b.jpg (https://flic.kr/p/2m4Y2H6) (https://flic.kr/p/2m4Y2H6)

There are so many coins in the market at dip right now We can't predict which is going to be better but some suggestions should be made. My two that will definitely not going to loss your money confirmed that is SIA coin below 40 satoshi and other is BNB below 200$ even 250. From my point of view we can put any money arround this calculation. Other option is XRP, NCT, TOKO, NEO, WAVES and much more. I am suggesting only name of some, people knows much better about their own coins and money. Thank you

Bnb is my top choice right now to buy dip.
By having support from the binance exchange which is one of the largest exchanges in existence, the price of bnb will reach ATH again even when a bear market occurs, because bnb has proven that bnb is not easy to go down during a bear market from 2018-2020.

Not just the exchange but the existence of BSC that bring this asset to the next level.

Holding this coin for much longer time are possible to gives you very decent amount

of profits, you have to assess though, as market is really volatile and even there are good

momentum the chance that it will bounce down still possible.

overall market conditions are in correction. it is not good to buy too soon or choose the wrong asset.
The potential assets that we can have are the current top market assets with fairly fast returns when the market is improving.
but if you want to invest in a new altcoin, I think you have to think with assets that will make a lot of development and innovation. Right now I think some assets from the exchange would be a good long-term investment solution.
TKO, SFP, TWT, BNB, and NMX can be another investment alternative for us when we see the market is going down.

no one seems to have anything negative to say on bsc. but indeed BSC is well worth investing in, considering that the network has a real function in cryptocurrency, so that more and more people are using it. That way, of course, more people will save it, especially for now, where the price tends to be in the support area

binance coin be an obligation for each trader or investors in crypto market. majority or most of them hold binance in their bag. Product and feature from binance ecosystem really make it worth to collect. If compared with another coins, binance coins have strongest and fastest recovery when market bounce.

Obligation? lol since when that traders are becoming obliged from any currencies?

and also who are those who hold Binance in their bags? i don't have BNB and i am not planning any moment.

But i still use Binance exchange because of their good reputation and i never got fail in using their site for my transactions and also for holding some small coins ready for trading.

Now is quite a good time to get in while every crypto's are dirt cheap. Among any remaining cryptos I like Cake the most. There's a special feeling on stacking pancakes while getting more. Planing on leaving it long therm and purchasing more when down $10 But when you investing you should do some maths on that.

During the dip, bitcoin will be the top pick to buy.
Besides bitcoin, I will buy ethereum, bnb, dot, matic.
I guess there are other coins you can select to buy at the dip but you need to research before buy.
You can name any coin as your top pick, but bitcoin is the best coin to pick, so you need to have a big portion of bitcoin besides the altcoins.

I agree too. I have been a BNB fan for quite some time now, and one thing I also like about BNB is its ability for quick recovery once the time is right. Even though it has dropped about  -60.0% from its ATH of $686.31 as of this morning trading at $272.75, I still believe too as you said, we will see a new ATH by years end so i will still be buying some more BNB as I can.

I agree with your top choice and that's also my top choice which token I would like to buy when the prices of cryptocurrencies are down. I think due to BNB being in too much demand in the market, you need to have BNB in every BSC chain transaction that occurs in their ecosystem. The launching of Binance NFT Marketplace also affects the dignity and reputation of Binance, to provide quality projects and some major upgrades. I also suggest buying this dip the token like THETA along with its another token TFUEL, they have a huge event this June. It's not too late to buy before it's going pump again this week.

The market will recover after a period of sell-off by many people. 
But I wonder if people still have faith and chance that this market will rally this year or it will fall into a bear market position.

First choice, i think i am going to buy BTC, like most people, as for other cryptocurrencies, i don't have much confidence in them, so i don't pick any of them. But in fact, i didn't do anything about this dip，and i do not have any of the suggestion to you about buy or not，it is your money，you do your choice.

Right now? Ethereum. It is looking like a snack, it is way too down, finally under 2k, and I believe with the next bull run it is going to go over 4k very easily, and it is going to even breach 10k after the whole eth 2.0 thing as well, there is a good amount of money to be made from it.

I am not saying it will start to go up on this day or that day but it is going to go up for sure and that is why I believe that is the one I am going to invest. Not only because it would be making me profit on bull run because I know that everything else will make me profit on bull run as well, that is what the bull run is all about but I know that it could make me a profit even before the bull run because it is at the very least getting an improvement and that is very important. Even during bear run, ethereum could have that eip 1559 and then a year later the eth 2.0 and can make me profit.

When the cryptocurrency market drops a large amount, it is considered profitable to hold it for a long time by buying. However, in my opinion, the current market situation is behaving in a very bi-directional manner which can affect either upward or downward direction. However, if the exact state of the purchase can be ascertained through market analysis, relying on a reliable cryptocurrency is the best decision. In this case, cryptocurrencies like Bitcoin, Etherium, BNB, and Trx are reliable sources of investment.

TOP Pick?, of course I will choose BNB, because this June Binance has released the NFT marketplace,
and indeed the trend this year is NFT, so there is great potential for BNB to be able to quickly recover from the corrections,
I am a holder of BNB and I do not thinking about this downturn, I'm holding on!.

BNB has also its great potentials to make it in the future but for me, i will stick into ethereum and bitcoin. They are always my top picks even if defi value went upside down. Bitcoin will eventually recover from this downtrend and ethereum will definitely go hand in hand with bitcoin.

Ethereum has been making a great performance these days and if its transaction will be more cheaper compared before, i think more investors will definitely chose bitcoin over the others.

Maybe you should buy it, if that’s really the deep you think it is. But don’t just go and rush into it, you should first of all do proper study of the AAVE market and understand it before you start planning of investing in it.

So, that you know whether this is the lowest it is likely to go. If this is really the lowest price right now, then it would be worth investing because AAVE is a very popular cryptocurrency and is also one ofthe very best Deficryptocurrencies. If there are any coins that has the probability of going up again, then this one is really has the chance of doing that.

Even you buy Bitcoin for the long term, you still need to know the best time to buy it. As a buyer, you should try to analyze the possible lowest price of the Bitcoin to buy, so you can optimize the number of possible profits. It also can lower the risk if you may sell it suddenly because of urgent needs. But I agree if buying BTC for the long run is relatively quite safe. That's why it is very recommended to buy BTC if the plan for the long-term investment.

I bought Ethereum, because I think Ethereum can give me a big profit, especially if the altseason happens again and ETH 2.0 has been launched, then of course the price of Ethereum will definitely increase very high and reach a new ATH price, so I will never be disappointed to invest in Ethereum right now, because I predict if the price of Ethereum can reach at least $5000 by the time of the next altseaon (bull run).

My top picks to buy is BTC, ETH, ARPA and ADA. Especially for ARPA, they gonna burnt he's coin every quarter and the team already develop VRF which is gonna very works for NFT future and right now the price is very far from ATH so this is very good opportunity to buy this amazing coin.

The high potential for the growth of the BNB price lies precisely in centralization and its connection with the monopolist of the crypto market, Binance. If the bull run continues, it will be enough to launch several launchpads in order to push the price of the coin up to its previous ATH.

Absolutely Binance did a great job in correction and development. Even though I would not pick Binance altcoins because this is the top altcoins ( without my investment below 100k). Top altcoins don't pump more than 5-10 times, although topics like Kusama are different. My top pick altcoins are Binance listed and have a very high volume ( of course low price or ROI). Remember, we have to buy low to sell high.

Congratulations to you if you've made profit with Ethereum already.

But I hope that won't stop you from buying bitcoin because it's still advisable to own bitcoin while owning Ethereum. The price of bitcoin right now dropped and even you think that it's expensive.

You can buy it in small amounts just as how you bought Ethereum.

without a doubt it would be, of course, ETH

its was a good opportunity to buy it under $2k, especially since ath is in the mid $4k range

i am prefer to take safe step for my investment , and my top pick when all price in dip was major coins which most of them in top 50 area. Binance and ETH which is have good and strong community will be my first choice . and then i will add another coins with high potency to be next gem , and this is WOOTRADE and also SOLANA.

If you wish to invest I personally recommend ETH or EOS. The prices are close to the support level and you can invest more to take advantage of a potential uptrend, the prices will double from here if the market trend becomes bullish, IMHO. The other altcoins have potential too but I suggested the most potential ones. The potentially good altcoins exist on the lower ranks after top 50 cryptos on Coinmarketcap, just make your own research before investing blindly. Make your plan and stick to it.

I don't have some trust and confidence in NFT projects, so I have to take BTC and ETH on me.
I'm aiming for a long-term investment as the situation may turning into a bear market. Both BTC and BTC are known to us so we can assure that in the next few years, we get our rewards.

I'm waiting for Bitcoin to dump again below $30k as the best position, well, altcoins will follow including ETH. I hope that it works and double my money when bull market will come back.

Even if we have already coins that are making profits, bitcoin should always be included in our portfolio. It might be expensive compared to other coins but it can give us the best profits more than we can imagine. Ethereum paired with bitcoin is definitely our top picks. These two coins should always be present in our investments as much as possible if we wish to experience the huge profits we investors are all dreaming of. Maybe its just a little risk to take.

You have to choose which is good in the top 50. Not all from there are good investments although their daily volume speaks that they're good but to me, you have to choose which you think is the best of them all. Yeah, they're on the top 50 but it's not going to be long that most from that line will stay so that's why you have to choose wisely.

IMO i expect one big dip before we go parabolic mode.
This bull is bound to last another 6 months or so. Hope i'm right :)

We even have a drop last week below $2k, so the chances are always there. I keep eyeing the trend as I'm waiting for it as well, $1,500 I think is not impossible? But for $4k? Yeah, I hope your instinct is right, we wait for the next Bullrun and see what gonna happen because that seem impossible this time.

It's expensive if they'll always think of it as expensive. When bitcoin was still on $10k, they still thought of it as expensive.

That's what they have to think of. Bitcoin is the best to own including your picks during the dip. Ethereum is also a good choice but if someone thinks that it's already good enough to own an Ethereum only portfolio.

It is what it is based on what they think.

I bought UNI, CAKE and BAKE, because I believe UNI, CAKE and BAKE has a good potential to be used as a long term investment and of course this is my chance to buy UNI, CAKE and BAKE at a low price, because the price is being discounted and when the altseason happens again, then of course I can get at least 6x profit of my capital.

Your choice to buy UNI and CAKE I think is the right decision, but I don't see BAKE as a good project to buy. Because besides BAKE is not among
the top 50 cryptos, BAKE also looks like shitcoins that will be difficult to recover. Maybe you have other considerations why you choose BAKE,
but for me BAKE is not the right choice to buy right now. Of the three coins you mentioned, of course UNI has the best future, I've been monitoring
UNI since the beginning of this year and its performance is quite surprising. I believe investing in UNI can provide great profits in the future.

Cheap or expensive depends on how the crypto market trend to happen in the near future. If he targeted for the short term, there is no guarantee for the next uptrend in the rest of the months this year. Sometimes crypto market is unpredictable, we don't know if we are starting the bearish season or still in the bullrun season. There are too many issues that make us to feel worry currently. I suggest to not buying if the signal of market trend isn't clear yet.

speaking of DeFi, at the moment it is really decreasing, whereas DeFi has a long trend before, I do not know why, but there is no bad news about DeFi, only some bad about bitcoin affects DeFi, is DeFi still worth looking at or will it soon die and be replaced with a new concept?

my top picks are ethereum on the highest list and bnb be the second one. beside this major coins i am also want to find another projects that still in developtment progress so price will still very low and have potency to growth. allocation in this coins shoud not more than 10% to avoid rugpull that could happen anytime.

For this moment correction period, it is recommended not to rush into the market first because it is very volatile, when it is time to enter, hurry because this is the time you can buy at a very reasonable price. The protocol is good, but you have to be smart to read market conditions first and understand the rules offered by the platform.

Yes it is the Good Time To But Altcoins, I think that In these types of dip, Invest in crypto is like buying something on discount, Its best time to Invest in Good And Strong Projects which we say that it will stay for long term , The Good Coins To Invest are :-
BTC, ETH, MATIC, BNB, SOL
These coins Can't Be Missed In these Dip

My top pick during this price dip are following in no particular order
-Bitcoin
-Ethereum
-Cardano
-Polkadot
I also love to sniff for emerging new coin with new technology or experimental deas that are needed and could be successful.  There are opportunities everywhere and if you are keen on finding them out,  you will definitely!