Bitcoin Forum

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?

Yes, People always say buy at dip assuming is a sure way to make a profit. Most of the time, this is wrong. The key to surviving this method is that you should never invest more than you can afford to lose. It's important not to believe 100% of what people/influencers say, but watch how they do it. There is no part of investing that is advised not to read before taking the leap and trying it for yourself. This will take some practice and discipline meaning don't expect to win every time you enter, but just keep trying and persist, at least you have tried the Buy at Dip strategy by not keeping your entire portfolio in one coin so it is completely independent of the movement of one coin if I read above.

What you did is what all newbies suggest (provoked by influencers) and all pros are dissuade. You wanna know why? Because newbies leave in perma bull word. SP500 is going parabolic for last 13 years. None of young traders have seen real bear market. Even bitcoin did not saw a real bear markt yet.


https://i.imgur.com/yU4A5lg.png

Red circle is what people call - buy the dip!! They seams not to realize that its possible for SP500 to dump another 70%. And thats what pros knows because they studied more than 5 years of chart. That whole economy can be trapped in no growth zone for 15 years (like in 1965 -1980). Thats more than whole crypo existance. Where will be your alts after 15 years of bear market and another 50-80% dump? How much will AXS technology be worth after 15 years if 1 years is enough to toss top 100 CMC in a way that no one is able to predict it.

Buying the dip is a risky game. The dip that we will bounce off may be here now, may be at -90% after 10 years of bear market, may never be for some coins...

I'm catching the dip too but I know that we may dump much lower so I'm not using more than 10-20% of money I want to invest in single product and I'm ready for long term accumulation. For example I was accumulatin BNB for more than 2 years before it pumped from 15$ average buy to 600$.

Bitcoin was making another jump back in early april and from here i do believe if when you are trying to bought your crypto during all dates in this month and i will believe you will be in a loss right now. I expect if you have bought some even when bitcoin reached 47k at the first week of april and so you have been making wrong decision. Bitcoin is making all of them dumped so hard. You did the right thing when you are buying it right now.


yeah that's caused by you were buying at the top and then the price is falling to the bottom. I would not be surprised to see that another down to come soon. This already expected since last month. You must prepare yourself for another loss that can come to your assets

mistakes that occur first when the price is at the peak will make a loss. Study the market first, don't forget before you know the real market

Huh I will be frank about this, I don't expect BTC to stay at the 40k range after that ATH of 67000$ months ago, it is impossible, a bigger slower correction must take place, yea you heard me right, it's a must, I expect nothing less than 25k from BTC, call me names but this is for keeping balance sake in crupto world, a new ATH has been made, how can it be so hard to believe that a new ATL must happen too?.

what you're doing isn't wrong it's just that the timing isn't right. if you do it now maybe you won't have a big loss. if you still have the funds try to be wiser in the future, and stop for a moment to buy. observe bitcoin movement and wait until the situation gets better. once again what you choose is right.

It's no crime buying the dips, this is the way, what you failed to do is monitor Bitcoin, this coin determines how altcoins will perform and now things aren't looking good for Bitcoin and the crypto market in general, your timing is wrong, next time study Bitcoin movements before buying altcoins.

You just bought these coins this month and already you are in doubt about your decision?
Do you think few weeks is enough to determine the success of your investment! Does one month investment sounds like future to you?
Maybe you should reevaluate you investment decision, perhaps you are not ready for long term investment, besides all the coins you mentioned above are solid which can recover quickly once the market is back. So just chill and relax.

Don't try to catch the bottom in the crypto market and don't look at the charts all day long. Be psychologically prepared for an even bigger drop in price. If the market falls even lower, it might be a good time to average. Basically you have good coins for long term investing and they are likely to show profit on bull market.

We actually don't know what will happened after our decision but upon buying that or doing that decision we know that it is the right decision. You don't do anything wrong and I think this is just a correction and it doesn't mean that it is not going up again besides you should have a stop loss to avoid unnecessary losses.

I assumed what you just did is basically just simply buying without even trying to analyze whether is it really the right time to buy at that certain point. Being said that, you simply did not buy at the right dip, and that there is a possible dip after that dip. Maybe next time, try to do some technical analysis like simple chart patterns or use commonly used indicators to at least know and get the possible right position for you to make an investment.

But since you have invested on I think are very good coins, there are still higher chances of you having profit in a long term. You just have to wait since you just have invested last April which is not too long ago.

You did nothing wrong, everything is perfect, what you need is to have patience because we are in a bear market. So you need to wait till we have a bull run. The problem is that it will happen perhaps in 2024-2025.

Just continue to accumulate and buy as much as you can because it is at a discounted price. You also need to protect your assets, so that when the time comes to sell them, they are still intact and then you can claim your profit after so many years.

That's what people feel when they see the price is falling, if you are using that strategy "buy the dip", you should trust the coin you are buying because eventually the bull run will come back and if you are holding a legit coin, you will surely enjoy the profit.

However, there's no guarantee that you will just experience the happy side, make sure also that you ready yourself in case things does not go according to your expectation, because that is investing, there's always a risk of losing.

Having a clear plan for an investment is a necessity. I see many people only paying attention to quick money profits but neglecting the necessary knowledge to accompany the financial market sectors. They just hear from someone that profits are easy to come by and they are willing to listen, but they are not aware of the complicated developments that will unfold. Personally, I have a very positive view of this market and believe that it will grow strongly in the future, but the important factor is largely the fact that participants can control themselves to achieve the goals that they desire. We all see that over time and in the future, it will grow more and more. When you are ready to balance your current life and financial investments, you can be completely confident in your future well-bein

What you did was correct; if feasible, buy again if you have adequate assets, because you will be surprised when the market begins to increase. All you need to do now is be patient and wait for the cryptocurrency market to rebalance, and I am sure you will appreciate it letter after if you are making a lot of money. Just try to be patient; it will heal quickly.

Buying the dip is normal for every crypto trader but before taking that step you ought to do some ground work. IMO it is necessary to check the chart/graph of the token in question to know how the coin/token have been performing over time - 1 month, 4 months, 6months then decide if you are actually buying the dip. That helps to determine the lowest dip so far and how many times the dips have taken place within a frame of time. IMO, there is no hard and fast rule concerning buying the dip. Key things to note: Do some research as well as check the chart/graph; Buy what you can afford to loose; Don't put all your eggs in one basket.

yes it is a pretty fatal error. too many coins you bought and it made it worse. Forget buying on a dip, because only a small percentage of people can do it, and the rest are just people like you. if i were you i would start selling them right now and holding stablecoins until the market is really good. forget about how much loss you will receive, because it's too late. currently holding stablecoins is the most appropriate choice.

That applies when the market is stable or the market enters in bull market conditions, of course the word is very valid, all technical predictions at that time will be more than 80% accurate. But, right now the bear market is confirmed, where we really stick to the bitcoin chart, if they haven't broken through the resistance to confirm the bull market of course other coins will look sluggish and they will have a hard time getting back up, with this we definitely assume that they say is wrong. What is actually happening is that the current market condition is a bear market.

Buy more, that is the best way to cover up for those short term lost. You just have to be patience, you are true that all those who invested before are now millionaires. It is not late for us, crypto is still developing and you might be regretting things in the future if  you don't fill your bags now. Because if you sell, it is a total lost for you, so better buy at different range of lows.

               Look, I am not gonna go and talk crap nor judge you. Instead, I'll guve you an advice since I too have been un the same situation in the past. One thing you should consider next time is that it is hard to chase bottoms. So only invest what you can afford to lose. Another would be to invest only on thise projects that you yourself have researched about a lot and has conviced you that it is a good investment. Another would be to bot invest on too many assets specially as a beginner. Another is to not invest all the capital you have; always keep extra for DCA purposes and for sudden opportunities. And the last one would ve to cut losses when you are already 30-40% down on not so sure coins, only DCA on good coins that has really proved their worth in your eyes after good research.

               Now if these are too much work for you, reduce your coins in your portfolio to a comfortable number where you can keep track on all news and happenings about them. Of course it will be tedious but you can't expect to have good profits with half assed efforts. Investing just because of hype is just another act of gambling. You'd be better of heading to some gambling sites then if you don't want to put in the efforts. I hope you get to read this so it can help you because I, back then would've loved to see this type of advice.

Have you not done a research, you posted that these coins have potential and checking, all of them have potential it's just you are very impatient to see the results and make a profit, that's not how things work, some of those who bought in the dip wait for months and years to make a profit, one example is the start of the pandemic those who bought at $6000 have waited for 2 years to maximize their profit, it's not that you buy on Monday and you will make a profit on the next day.

It’s not always good to buy at dip.
And now you made really a big mistake.
So in order to recover your loss, you can do is to wait for long time.
Bitcoins have the potential to grow a lot, and seeing now at 37k USD, in the next few months it will again reach at 60k USD around.
And this time you learnt a lesson, so next time before buying any coin, always do a research and market analysis and buy a coin.

on excessive as newbie investors work with inability to occupy strategy of old investors there happen as newbie choose to work with the customs as avoid the work on satisfying market with the old investors have with investment,
and begins to work with personal expends on effort to win with the peripheral market as they have with offers,
or newbie investors might moves with the strategic as occupying the centrist position to gains on moderate way on request from the market.

You do the right one, because the market is crash or below as we think. Be patience and wait for a good profit in future. I will buy few coins. You see previous month, the btc or other cryptos price are as good as we except. It is back very soon. So, wait and keep cool.

It's because that's how we are programmed to do, "buy low sell high".
And I would say it is very effective method or strategy, and definitely the simplest and yet effective method in investing. But then again, there is a caveat, it's not that easy and it will take you years to be rich. No one will make huge profit in just a year by investing in crypto. Unless you got lucky and you have a lot of money in the first place, AKA whales that can manipulate the price in your favor.

"buy at dip and be rich in the future", this is a catchy phrase i like it but Looking at the charts this would be some kind of confluence that can be used to buy the dip when markets are in a trending market which would simply mean you are buying at the discount price of that specific range and not that this is a new strategy :P

I'm buying ICP and Fantom right now, both are in oversold RSI territory and are due for a pump.

Alt coins these season keeps on pumping and dumping. The thing is that you should be able to enter the market when it's in serious dip. ATL price of coins may change your mind against the coin and that brings FOMO(fear of missing out). Buying of dips is one of the best basis of Crypto and the market. Just have patience and wait for the coin you want to purchase to dip, then bagged as large quantities as you want, then wait in the nearest future for it to pump. Although I don't go for BTC or ETH because these are the two top coins that mainly controls the market. Rather I purchased shitcoins and memecoins that I'm sure that will do better in the future.

Even the price is in dip we're not certain if thats the bottom or the price will still go down further. The point is you bought these coins in dip, but clearly not the bottom. Its understandable to have worries but thats how the market works, really unpredicted. What you can do is to be patient and forget for a while the market so it wont give you stress.

The prices of these coins will recover back. Just wait for that moment if you really want to gain with your investment.

At this time there is no other word other than calm and surrender to the current situation.
 Because no matter what, we hope that change has not yet come.
If you really want to buy coins, then choose a coin that has good development and has good potential because even though the market is in a bull trend, we can still get the benefits, even if it's not much.

Stop checking it every minute. I remember myself in you. That's how I am back then, rushing the profits like I want to see what is happening every hour and it got worst I cannot even go to sleep anymore. Upon purchasing you should've been ready about the fact that it could take long before you reap the rewards. It will be stressful if you keep on monitoring it for a short span of time, let it marinate, you are not trading but investing.
About being rich in the future, that's the wrong point of view.

That's a quite good deal actually, you should be able to be proud of yourself because it really does deserve it. I mean think about it, we are talking about collecting at the bottom or close to bottom and then making money based on the future of it, if you can hold of course.

One thing to "worry" if you will, would be to picking bad coins when doing this, I am not saying the ones you picked are wrong, I wouldn't know, if I did know which ones would go up and which ones would go down, I would be a millionaire by now and wouldn't be here, but I can tell you that there is a risk of picking wrong coins and only time will tell which one that is.

Very impressed with your choice.  They are both long-term top coins with a future ATH outlook.  Unfortunately, cryptocurrencies are being subject to FUDs, which have retroactive effect on fiatlord regulations.  Lol, just like the market way, more pressure creates a bigger rally.  That takes adaptation but HOLD is the key to success, wealth in this market.  Most of my portfolio is in decline but I'm not worried and confused because I believe bitcoin will set a future currency standard soon, in a thousand chances I just need one in bitcoin  .

You're doubting too early and I want to remind you that rule is for long-term holders. As for those who want to profit early, they need to choose to learn daily trading which will gonna be their main goal to earn daily. Looks like you are not alone in this kind of decision because there are also some people who bought from the dip last month and they are not yet getting anything from their investment since the price is still dropping but remember when you choose the right coins, all you need to do is wait for the right time to sell it. though it's not certain when is that time, you can just wait and keep updated on their telegram.

Yeah but you understood it in wrong way. Buy the dip means bottom that can't be determined. Basically you must waiting for the big bearish trend to happen to make sure if you can buy the token at the bottom price. If yo are buying those at the peak and you are taking a wrong step. The question is did you know how dip the market would be? i guess you didn't but you just try to convince yourself if you have bought that at the dip while the fact if you are still loosing right now and that means you were buying at the peak price. I think that you must need to read it carefully.
Try to take the dip that has no clue about how deep it is.

This is normal experience in crypto because no one knows if we are really in bear market again or still at bull market not only you have experience this but many of us, I suggest that you hold it for long term and wait for another bullish market maybe new ATH in the future, you will not lose money if you dont sell at at low price than your buying price. A lot of patience is needed when it comes to investment just forget about it and return after some months.

It's not only also obviously you expect profit in a short period of time and will not accept seeing portfolios going down, you have to reeducate yourself on the right way and planning in investing in Cryptocurrency, you are not doing things wrong these coins are good it's your motivation and your expectation.
If you're bothered then cut your loss by selling all,  reeducate yourself or just leave investing in Cryptocurrency, it's not for you.

^
Read whats above this message. It says invest what you can afford to lose. Its not just newbie who believed it at first, there are traders who can assume the dip is the dip they meant. Majority will keep telling you to invest on BTC alone and the reason is simple. BTC has better technology that can go bullrun without the help of other altcoins.

The dip they are telling you is the dip when there is a bull market. If you buy the dip while there is a bear market, its the wrong thing,

You bought coins with good potentials. I think you just need the little patience and you are good to go. Don't rush the profits for it will come to you as a blessing that you are not expecting. I mean, I am one of those who made good money with just patience. Bought Ethereum while it's just above $200 and now it's just sitting in my wallet because I am expecting more with their ETH 2.0.
I did nothing, just trusted the process and have the courage to keep it even with all the madness sways of the market.

You don't just jump into buying a coin because it dipped. Buy only a coin with potential, not every coin will do well. Some never recover after a major dip.
Anyways, now that you have bought, the best you can do is watch it and hope it pump.

It's only been a month since you buy it in April and now you started to doubt cryptocurrency, the one that is wrong is your impatience because if you want to be rich you can't hope it will always happen in a short time. Just relax and leave your asset for 2-3 years because like what you said "rich in the future", Don't forget to use money that you can afford to lose.

What you did wrong was going all in just a short span of time. You thought that the market wouldn't go further down and went all in.
But this is crypto and things go in opposite direction all the time. So the market fell further and prices of altcoins dipped further.
So what you had to do was buy some and wait to keep a track of prices. After some weeks buy some more if market falls further.
Keep monitoring and buy back more if it still falls. Never go all in at once.

It wasn't the right decision atm to invest more into the cryptos. There are many dips here and there since the market isn't lively as it used to be after the peak last year. Most investors I know just hold on to their bag. Only buy in the dips if you think that coin is undervalued atm and will have a strong recovery after a set of time, either for the short term or the long term.

If after buying and just watching a decline, then it is a loss for those who do not have extra patience, because the recovery in the market only occurs in good coins and those with strong fundamentals.
So it's true as you said that not all coins can work so just need to look at a few and those are the coins that are in the top 10 circle.

I've seen and read how people trade cheap crypto at buy and get rich.

My memory, that person bought some crypto that has potential in the market, that person took 1 year to invest with his capital $10,000 he got $30,000 in return.

For example, you buy AXS and SOL, maybe in 1 or 2 years you can be like the people I said.

indeed when you want to get a lot of profit you have to buy it at a low price or when the cryptocurrency price collapses, it's just that until now crypto price movements are very difficult to predict so no one knows when the price collapse will occur.

The gold rule is to buy low, sell high and you have done it in the right way. It is not your fault if the market keeps going down every day, the market has no dip point because charts are processed with the demand/supply based on human nature. If you don't want to wait for altcoin season, just go futures and sell any coin for the future perspective based on your assumptions. Otherwise, wait for the dip point and invest more when it goes below your support line on charts.

Yes, I ever heard about this. And this happened to several cryptocurrency holders. They are:
Bitcoin holders from past
- Ethereum holders
- Doge holders from the past, not the one that bought Doge in the top  ;D

But you know, if it is about other cryptocurrency investments, there is no guarantee. because other cryptocurrencies may be dead coins or tokens in the future although, in current condition, the tokens may be very valuable. The time will tell which coin or token is actually worthy enough. But for me, Bitcoin is the most and the only one.

You should have researched more and make a good analysis before buying all those coins. Except for bitcoin because its always the best asset in crypto. But for most of the coins you have bought, i guess you let other people influenced you and from it, you made a wrong decision following them. You're acting like a newbie when in fact you should be wiser than them. I guess as long as you will never sell them in low prices, that way you will never resort into losses.

From his list, for me, it is not bad at all. Maybe, the OP is looking at this early return of his investments. Most of the time, these alts will bounce back few months after. But if you are expecting to gain after a month, then, maybe, you are looking at this market in the wrong way. You can't expect that after a month you bought those coins, it will give you profit that you want. So in this case, he needs to wait when the market is starting to be bullish again.

True, I though OP believe in those project because he thinks that those tokens has potentials and after a month and a dip he doubt the projects. OP could be smart with his investments by doing a stop loss but it would automatically result in a loss. I have many long term projects investment and I don't fear dips and dumps that much because it is how market cycle works, Thankfully my long term investment such as luna, bitcoin and eth brings me pretty good profit for years of holding it and never doubt it.

You bought that at the peak price and that's why your portfolios were also decreasing. You ca't be patience waiting for that to go to the dip price. So, that sentence was true but the implementation depends on yours.
You can't blame it as yourself that will know how dip must become the rate to enter into the market. you have said you didn't know the lowest point and that you have spread your buy orders in all of days in april. I guess the only profit buyers when you bought tokens at the end of april when the big dump was occuring to the market. You must learn TA and FA.
You must also be patience once you see that bearish trend already started

You thought you are buying the dip, which wasn't the case! You didn't do anything wrong, if you sell now it would be a wrong decision! What you should do now is take a break and be patient, if you have more money you can invest more in this dip, it's how you strengthen your position and prepare for the future!

I guess we will have a turbulent year, and I expect the same in the next year when it comes to the crypto market! We will have green days, but I think we didn't see the biggest dips yet, I expect some big drops in the next 2 years! The time when we will see who has strong hands and who is weak!

No one knows what will be the lowest point of the market. The market has been declining for some time. You've got a lot of suggestions here. You can make a decision based on these. But before that proper research and well observation should be done about the market.

I think to buy coins we don't have to wait when conditions are collapsing,
when the market is correcting that's when we can take advantage of that time to buy some potential coins,
and most importantly before that it is necessary to do research first

You should also keep in mind we never know where the market will stop and bounce back. Buy at the dip is always a good choice to make big gains when the market turned bull so always start with part buying and do not buy all the coins in one shot buy on every dip so that you can also reduce the average buying cost.

If you want to take advantage of buying at low prices on good coins I think it is very appropriate for now and there is no need to do more research because I fear that before making a purchase, the market has started to move up again although at this time there is not sign of any movement in the market.

Yes, we are taught to "buy low, sell high." It is critical to have a strategy or set of guidelines for dealing with bitcoin; after all, we are dealing with real money, not a joke. It's amusing because many people believe it's a hoax, but it isn't; in fact, you can benefit nicely from it. Simply wait for the coin you want to buy to dip, then grab as many as you want; time goes so quickly, so just wait for it to pump, then boom! Happy earnings  ;)

No one can determine the lowest point. Everyone is always waiting for a market correction and investing for the long term, but many people are nervous because the market seems to be looking downhill. But now that your steps are not wrong, you have created a portfolio with several Altcoins and Bitcoins. You make a long term investment, in the future bitcoin will experience a new ATH point and that is where you take profit. Don't sell if you are still losing money, patience is the main key to success in crypto. And don't get carried away by your emotions because your assets are running low, the most important thing is that the hold decision will not change even if there are difficulties.

I do know how frustated you are after saw your portfolios were decreasing a lot. I will not blame you for this caused by anyone can make any mistake.
You must remember about how to know when the market was on the bottom or top. You must also know about this to make yourself can know whether the market was on the bearish or bullish trend as well.
From this you can try to buy when it was getting lower. You are doing the reverse thing by buying from the top to the bottom.

The problem is that there is no such way to exactly pinpoint the right time to buy since this market is very volatile and dozens of indicators can only do so much to get us near that bottom. I get your point though, knowledge about basic trading is a must and would give us a lot of advantage. But the main takeaway is that no matter how many your indicators are, there will always be some times that the market won't follow your prediction which you have gotten from your favorite indicators; at some point there will be trades where you'll lose. So the best solution is to have a trading or holding plan tied to your portfolios and only invest amounts the you can afford to lose.

it's not wrong, my friend, as long as you survive in various shocks, where I have experienced it, I bought bitcoins in not large amounts but in 2021 I got extraordinary profits, I got 2x profits from holding bitcoins for the last 2 years

as with the schemes similar with the customs of positivity investors might work on commitment as following reference with the message on release from th e parochy with the believe as building of normative institution with the market of crypto finance have with the dedication on hard level of efficiency as returns on positive consequence as work on modification by the berauchratics of commission with field of framework on manage with the modulation.

If your goal is for the long term, I don't think there's anything wrong with your decision and other reasons so far there hasn't been a very significant decline. So as long as there's a downturn your decision is good in my opinion and once you buy on a downturn and there's another dip, it never hurts to buy again to grow your holdings.
and all that for long term goals and i am sure all the coins you choose will go up especially on bitcoin which affects other coins and only time will tell all, and it will definitely happen and you have to be patient.

You should buy from support when the price has stopped falling and there is a reversal pattern. But even in this case, it is necessary to set a stop loss, which should be located below the support level, since the price may continue to decline. Thus, you should have limited your losses from an unsuccessfully opened order.

There is really no way that you would be able to know when there would be a dip. Most people who keep looking for the market to dip ends up missing the opportunity they would have had. Sometimes we think that the price would continue to fall, but it wouldn’t fall as much as we expected it to, it would reverse and starts going up.

I have seen such happen several times, so it’s usually best to just invest whenever you feel that you are comfortable with it. If you have the money to invest in the market you should go ahead and do so and not wait for any dip, except when you are very short of it.

You're making a mistake. You didn't know how low it will go and im sure that you are trying your luck by always spreading your money to buy the tokens at any level. I think that you must wait until your portfolios will make you able to recover your money again. Just try to make you remember if you are still in the bearish market. Anything can happen anytime and your portfolios can turn from negative to the positive in a short time.

This isn't really the "dip" for the time being, but it is as low as it will get for a while. The difference between the dip and the bottom is that the dip is when it goes down a hefty amount which it did so far, we were 48k just recently and now we are at 39k so that's a dip, the bottom however is the lowest amount we will reach for a long long time, not just going down, it is the lowest point of maybe like 6 months or a year and we call that a bottom.

We are not at the bottom if you ask me, but we dipped for sure. I rather buy at the bottom than buy at the dip, because dip could fail to recover and dip some more but the bottom is the bottom and can't go down further.

If you believe that the markets will recover and that we are seeing prices in the future again that are significantly higher than the prices at the moment, then you definitely did the right thing to have invested into the coins that you listed above. All of them are solid projects in my opinion. I guess the vast majority of the users on this forum will agree that the prices of cryptos will start to go up again sooner or later. So it's definitely better to invest now then in a bull market because of FOMO. Of course it is also obvious that you will probably never really hit the all time low for buying and the all time high for selling, because that is almost impossible.

All the above coin that you have listed have good potential you do not need to blame yourself, the only coin that I think that may not do well among them is ftm it keeps going down, the bottom is not yet there, almost all coin are down due to bitcoin movement, just hold and you will be glad you did

First of all, I think you need to rethink your investment plan in this market. How long do you hope you will stick with this market to make a profit when you have bought them at times when you need financial balance for personal life or investments? Never risk your own money as long as you live well without making it difficult for yourself. I find this often happens with new entrants to this market when they are drawn and want to get rich. They work quickly but do not study carefully, so greed makes them lose more, while many people are still happy with the profits they have made.

you have doubts coz you see it continually decreasing after you bought. But for me it's right decision and you must have patience on this situation especially on this current situation that market still suffering from bear . As the matter of fact those coins has good history and they're very optimistic last year so don't regrets based on its situation these days just keep holding.

I personally don’t think that this is a wrong decision. But, it doesn’t necessarily mean that buying at dip is always a right move as well. Before even following any advice or saying, analyzation should be done first, because it is not likely to happen to have same situation every time different persons try to make investment. In your case, OP, be patient. Investment progress can’t be all seen in just a short period of time, some really takes time to prosper. Let this be a reminder to us all.

How come you knew you have coins with good potential and you didn't that the market could go up and down?
You have not done wrong yet, until you don't sell.
You're not in a trouble yet as long as you keep holding it when the price dips.
 I guess you need to stop staring at your portfolio percentage loss, and focus on the market. Keep monitoring the price until your reach your target.
Only thing you don't want to do now, is to sell just to cover further losses.

I think that OP may have based his decision on popular opinions of the forum users, which is which to have great potential and profitability. While it is not wrong to look on others’ prospect, it is essential that you do your own research too, and make sure that you understand what you are getting into. I would agree with @Oasisman, as long as you don’t impulsively sell, you are still in good place. Also, try to avoid doing things that could trigger your emotions into feeding your mind that you are losing more, because that could lead to making impulsive actions.

Not the right way if you bought the wrong coins. But for as long as you bought those potential coins you're certainly be making a good profit in the future. And becoming rich is not possible as this is already happening to some investors and holders. Imagine, if we bought Bitcoin at $20k and sell them during the ATH at $60k +, we don't just double our money but we make it triple.

But yeah, buying the dip will also matter on what coin/s we bought and how long we could extend your patience.

although the market is falling but for those who want to invest bitcoin at the current price in the market will provide many profit opportunities, Many people get rich by taking advantage of the opportunity to invest in bitcoin, but must know waiting patiently for long time.  So buy now and be rich in the future.

moreover, we never know the lowest price that a coin can reach. although according to some people the price is already cheap, the market can give a cheaper price if we are patient to wait.
you are right, we can buy assets when the dump occurs. but the patience to wait for the market to grow again, most people do not have. market progress that we cannot predict. lots of analysis but most of it will end zonk.

it's a good choice mate, but i suggest understand the fact that market still on reversal state reason all cryptocurrency is keep falling as well.

Actually no one knows these will gonna happen because indeed the market is almost ready to bullish last month if it didn't fails. So better to keep holding and be patient because as usual this is always a temporary situation and soon market will make new trend again.

Buying when dips is a strategy, but to get it is not only with understanding about analysis or just reading the direction of the coin. but it must also strengthen our decisions by accepting all the risks of what we decide, whatever happens if it's profit and loss is a decision at the beginning, this is even more difficult than getting dips prices. We must be able to control our emotions so as not to be too afraid to make decisions.

This may really be the case and this is a big problem that newbies need to be careful with. If back then, over shilling and FUDding was already a problem, even more so today. Shilling and FUDding has come to a whole new level being visible almost on every social media platform reaching more newbies than ever before. Which makes newbies make rash or impulsive decisions being emotionally affected easily by the contents they see everywhere. Either due to lack of experience or lack of basic knowledge about the crypto market. A few example of these people would be easily found on the comment box of some of Elon's tweets. There, you will see people talking about how they lost a lot or even lost everything because of taking Elon's trolling seriously.

Yes, a lot of people do say that, but it is not something that works in every situation. There are some cryptocurrencies that you would invest your money in and they wouldn’t make you that profit. So, if you’re going to do such a thing you should be only selecting those coins that would be likely to increase in the future.

Take for example Bitcoin, although the price has been going down as of recent because the market has been bearish, but everybody has this confidence that in the future Bitcoin would increase again. But, that’s not the same with altcoins, people do not have that kind of confidence with them, nobody even knows what would be their future, Except for a few of them.

Well, Bitcoin is an easy choice for a saying like this because the world has started to adopt it and start using it but yeah altcoin is different. There are a vast choices among altcoins and choosing some is a hard thing to do especially if you are planning to be rich in the future, It means that the altcoin you will choose would potentially go 1000% in your initial buying price. There are many web3 projects that rise in the recent pumps and I think there are still untouched (haven't pumped) projects that has still potentials. It will be up to you in finding them, Research everything until you are satisfied and make a choice!

It's not enough that you could buy all the potential coins and keep them. You should have bought them when the market is in a bearish state or when there are dips happening. But as you've said you didn't know if its the lowest or not, so always be ready that you may lose this time indirectly. Although you won't be in a total loss if you'll never sell them, but the next time you started buying, make sure you do a good research first before making decisions.

This is natural in a volatile market, the prices will always fluctuate so you won't have to expect that it will always stay on top, or in the bottom price. As long as you are sure on your investments and you think they have big rooms to grow, just stay patient and keep hodling them. You will only experience being profitable when their prices have started surging, and when the market turns to bullish, that's the best time to sell and make profits.

one honest question is that are you really to go long erm or you just want to make a quick profit? nothing seems cool about the bitcoin chart

I do not really see what relationship has the title of this thread and your question, you invested in several altcoins and all those altcoins are going down in value, did you not even considered this possibility? When you invest there are only three possible outcomes, to obtain profits, to lose money or to breakeven, obviously every single person is trying to earn money but the majority losses money, what does your strategy tells you to do under the current circumstances? Or are you going to tell us that you did not had a stop loss strategy when investing in those coins?

It's true that we should not rush to buy coins if we are not sure that the coins are at a low price. We must be careful when investing in crypto,
don't we make the wrong decisions. Do the analysis correctly, to make sure we buy at low prices. But if indeed we have bought coins,
but it turns out the price is still going down even more. What we can do is buy the coins again at a lower price, or if we don't have any more capital,
we just need to hold the coins until the price goes up again. Because as long as we don't sell the coins we have, even though the price is down,
we haven't suffered a loss. But the problem is that not all altcoins are good for us to hold in the long term, there are some coins that we really
should cut loss if the price drops, to prevent bigger losses. Because some coins are indeed difficult to recover if they fall, for that make sure
we choose potential coins if we don't want to lose because we have to do a cutloss.

I think he's not prepared for the worse situation that can happen. He is worried the value of the coins that he bought is turning down and it seems it surprised him.

We know crypto is high volatile hence if he did a bit research on what to expect then he will not be surprise for the possible outcome. On the other side, as an investor if we're confident on the coins that we bought then even the price is declining we wont be worried and will just wait for it to recover again.

It may be worth buying assets in several stages rather than at one time.The situation that is on the market now proves it.Always keep dollars in stock for which you can buy cheaper tokens, so the losses will eventually be less and it will be easier to fix the income.

 :'(I think you made the right decision as you bought into some good coins. Now all you hot to do is Neflix&Chill..lol while you watch your money grows to become rich in the nearest future as predicted. Sounds funny but its the truth though.

Yes, it's a common opinion.
ANd this will be true if the crypto that we bought is not shitcoin or dead-end coins. But the crypto that we bought is the one that has real value, is precious, fundamental, and also trust.
And I personally will only prefer to choose Bitcoin and BNB for long term investment in the future by buing them at the dp

If he really did buy at the time of creating this thread, then I must say that he is on tons of red right now. He won't lose money though if he bought on spot and doesn't plan to cut losses. Better scenario is that he bought some good coins when btc dumped and is now watching some greens. Either way, he can just DCA if he did not cut some losses yet. That is if he still has some extra stablecoins or cash to spend and of course, this only applies on spot positions and not on leverage. Not that I am saying you can't DCA on leveraged trades it's just that people don't do it that much including me.

Sometimes it is very obvious if a market is doing well or not, other times it can be more subtle. It will always take a serious dip before moving back up, so that means that you should never sell low. Instead, we want to buy when the market is down and sell when it's up, so that way when it goes back up we can multiply investment.

I think basically at this stage you have to take risks and always monitor and look for things that you think can be improved. this is our endeavor in crypto investment endeavor. Always be prepared to control losses, and don't let emotions cloud your judgment when trading. there are always many investment opportunities in this world of money market and if you make smart decisions, you can excel.

I think you should stop. If you keep doing it, you'll regret it. It's not about right or wrong, but you did it at the wrong time. if you did it now, it might be different. but if you wait patiently in the end you will still get the profit. my advice is to stop buying from now on. and sell some of the coins you have, if you need money.

If you really need money suddenly, then there is no need to force yourself to buy any coins at this time even though almost all coins are in a very cheap position, because this is about a need, especially if the need is more important than everything, but there is no need for further consideration if in the end you have to have money in cash.

Everyone should buy at dip to gain a good profit later, but the problem is, we never know when the dip is.
For example bitcoin price is now around $36k, is it already at the dip ? or not yet the real dip ?
Maybe we can think about strategy in buying the dip. My strategy is we should not use all of our money to buy the dip, because we can buy it again later when the price dip even more. So, accumulating slowly is a good way to buy the dip.

different level of moderation as investors manage with uses of subjective properties as appealing outsider actors while managing perseverance of security resistance within the ingroup field of forum; distinguished the dominance level of the actor and comparing expends as the weakness of relative in group with the cumulative opinion on request with the recalls of exchange as the excessive measures on absence of the dominance influence of modest leader within the group of investors forum.

Your mistake is that you misunderstand this phrase. It says buy at the bottom, not buy when the price falls. These are completely different things. First, you need to determine where the bottom might be, and to do that you need to be able to read charts and be aware of market trends and investor sentiment. Usually, they say about those who buy like you, that he waited for the bottom and got the second bottom as a present.

If you look at the market conditions, you should have bought in March, not April. That was the month when the market rebounded, and April was essentially for selling.

I think OP is still new when it comes to crypto investing and so he expects quick profits despite of the market's bearish state. You don't have to rush OP because everything pays off once the market turns bullish, so just continue long term hodling and never be bothered with the current price drops as you won't also sell when you're still at loss.

I think your decision to buy several Altcoins such as AXS, Sol, FTM, Luna, Avax and Bitcoin is very right, because these altcoins have great potential in the future, but to get big profits we also need a long time. so don't panic if current conditions have made you lose a few assets. because the altcoin you choose is the best altcoins. be patient as the market is going to rise rapidly in the next few months.

Yes, those altcoins in OP's portfolio are really potential ones. Luna have encountered some issue. Apart from that all are potential ones, and we don't know how the market changes with time. Buying the dip is good, but we need to have patience to experience the profit out of the investment. Very few get lucky to make good profit in a short time period. Like the one happened with dogecoin and Shiba due to the influence of Elon Musk.

The most potential is only Bitcoin among the list of other coins in the portfolio, many of the top altcoins in the portfolio list are not recommended because of the impact of the worst cryptocurrency case Luna coin has dropped to the bottom of the list of top coins. So in my opinion it is better to allocate more than 60% of assets for Bitcoin investments then the remaining 40% for potential altcoins.

the advice that gonna be hardly being followed despite already proven to be the right thing to do amidst the bearish market, as you can see most of us are just panicking and big fat chance just gonna have this chance of having discounted investment missed.
after all going against the market flow is kinda hard, as you could figure out, we as human have tendencies of panicking whenever there are massive correction in the market and even if some people have said over and over again that they gonna be waiting for the value to go down, they definitely hesitant to invest.

Luna was once at the top and then we're looking at its downfall. I would agree with that suggestion of putting more into bitcoin.
It's a decision that everyone has to think of if they're still not into bitcoin and relying the majority of their assets with an altcoin. A lesson learned from me and that's my take as someone who's really learned a lot from my own mistakes and wrong decisions.

Most times this strategy doesn't always work because people are too focused on looking for the best time to buy, you dont have to wait around for a best time because the crypto market is too unpredictable, the solution is using DCA < dollar cost average >, you can buy your favourite alts every months.

You should buy at once. It's not a Wise trading. If you buy in every big dip then it's good trading. But don't worry just hold and don't sell at loss. There’s no hope for greedy . Everybody here was greedy. So sorry to say that. Always going for high profit.

Wrong or not, it is your personal decision to choose to own the altcoin, as long as you believe that the project you are investing in in the future will pay off, just believe in what you have believed in from the start and never have doubts about that decision.
if you can't see the value of the asset continue to fall, don't watch the market too much because it can destroy your confidence.

Indeed, currently many of us are experiencing losses both in holding potential coins and coins that do have a very good whitepaper, but the mistake you make is to buy luna coins and now a drastic decline occurs so that your assets have a big decline, but for other coins I think it is appropriate just need big patience until later the price increase occurs again.

That's the flow of the market we can not avoid getting a loss on trading but if we do DYOR and hold the altcoin that you think can rise up their value in the future, then you might get rich. A lot of people who take the risk before became rich even though they don't have knowledge of crypto and I think it's just luck.

Best to invest in crypto are those in the top 10, except the LUNA and UST (stable coin) before since it got wrecked really bad.

You did nothing wrong it's just a matter of time personally I think you invested in those altcoins during bearish market conditions nevertheless sometimes circumstances don't go according to our estimate that's the simple point you need to admit that nobody can predict the exact further movement of crypto currency market that's the main point we must always remember before investing.

If you tend to hold them for long term, then don't expect quick profits from them. Especially if you bought them at a higher price, then let the market recover first before you can start seeing profits. However, know the risks when you start investing, regardless of how potential the coins you have right now, never expect profits all the time as there can be more losses than gains in the real world of investments. Just wait for the right timing to sell and make profits, when everything is stable, only then you can avoid losses and regrets.

Dude, what about NFT? I think this is a good way to investment now. I have already found some interesting NFT projects, which will succeed and profitable. One of them "reptile chronicles" have a deep and unique lore, which give the project an opporunity be succeed in long time. What do you think about it?

investment takes time, and having the patience for it, is another thing. buying during the dip is something right to do. buy one needs to know more about the coin, project, and chart. with time projects that have a solid foundation will rise again. market falls and rises, and for long-term investment, it's all about holding and allowing the coin to grow back before selling.

Everything do really needs time and be smart and depending on what investment you are into because you cant just get profits without having those kind of factors.
Some of people do really hope that much or expecting way too much on which it do really come into a point where they do expect that easy money will be the deal
but once the reality slap into your face then you would really be realizing that this isnt something simple.

What you did is wrong, you never catch what he tried to emphasize...
buy the dip -meaning buy valuable coins during the market crash or corrections but what you did is to buy those coins that are at the bottom.
be Rich in the future - this seems possible if you only invest in potential coins like Bitcoin or the top 10 coins in the market. You can never expect this to some of your lists AXS, FTM, and Luna (scam already) as these all projects are dragging much on your portfolio.

your investment feels like it went wrong because you're not buying in the right bearish market instead you're just buying at around flash correction where the value of the assets still well beyond the most recent ATL.
that advice of buying at the bearish isn't wrong at all but the difficult thing is, you just don't know where the real bottom is, so basically you're just gonna be accumulating at the wrong time that you supposed to think was the right time.
this investment definitely isn't as easy as it might sounds because if it is that easy, definitely so many of us has become really rich in investment.

There is no way that we could ever find a way to "not lose money" because that is the market and we will always have some losses. The problem is not to make zero losses, we can't do that and that is guaranteed, but having very little versus having a lot is the difference. If you get in with 10k dollars to invest and it goes to 20k and drops to 15k that is still 5k from the starting point, but if you are under 10k and stay there for many months then its a problem and means that you got in at the peak point which you shouldn't.

If you can arrange that, and be in profit even when the market drops, then you are going to be fine and there won't be a problem.

Many people follow this actually. People think that only the rich people follow this, but the reality is many lives were straightened up thanks to this. I know plenty of friends from telegram (crypto friends, not real ones that I hang out with but just ones that I chat on telegram) that got into crypto early on, waited for a bottom, bought there, and sold at peak or still holding and they are much richer.

What do they do? Pay their debts, buy a house, buy a car, pay for college education of their child, whatever they could do to make their life better. Basically, they are spending it like they are rich, and not investing like they are rich, which I find to be a wrong move.

Buying coins when it dips down is the best way of securing your future.For every crypto trader,there are times to buy,and and there are times to sell.Nevertheless,it is good to know the right time to buy so that we will gain profit from buying at that time,and it is said that the best time to buy is when there is a dip in coins,Investing it in the right project at that time is the best thing to do in other to get your future secured financially,because when it rises,it will definitely make you rich.

you made it just not in the right time, but thats only unlucky nothing else, usually most of the people buying the dip

Sure, buy the dip of the coins that has good potential. Not some random altcoins. Buy the dip of bitcoin or ethereum. Just don't buy the dip of random shitcoin "because they might" get pumped. High chance you will end up losing everything. Once you buy the dip, you won't get rich over night. Keep holding them for long term. If the price falls further, buy more if you can afford, but don't sell. You don't lose anything as long as you don't sell.

The market will always drop but as far as what you invested in are good projects which I think they are, you will always recover when the market comes back around. Because most of us don't actually kb=nows the bottom, we most likely do DCA along with the drop and it might continue to drop but there is a sure recovery it might only take some time.

Sometimes I think that just buying and looking at the price increase will make new entrants take the loss lessons in the long run. Maybe OP didn't research this market well and let the losses happen. A hole always appeared in his mind. I find this stage is not suitable for investment if we do not have good preparation of money as well as knowledge. Profits will come and grow if we are patient and correct our mistakes.

Well, it's not that the decisions he made regarding his investments were the wrong ones, they're not bad, but considering that the general BTC market took a different turn, it's something that almost nobody saw. For now, the most you can do to recover your investment is to try to wait for those coins to recover the value that you bought them and immediately buy BTC and wait as long as necessary until BTC rises in price, the investment of BTC will never disappoint For me it is the safest investment in the world.

Lol, do you personally think AXS and Luna is still a good coin to invest? Man, AXS might not going to recover as the game itself is already struggling to balance their game economy, I'm not really sure If there's something good that'll happen to their primary coin.
While Luna has no chance of recovering. Yes, they make a new version of Luna but still only a little chance left for that project to recover. Trust issues has already been built against them.
So, I don't think this 2 that the OP has mentioned is still a good project which you think it is.

The reality is that the quote 'buy the dip and the rich' is true. yet it requires great work not just you buying.
There are several stages of token dip that happens in crypto currency, and you cannot buy the dip because of a 5% or 10% decline, you need to dyor and study price charts to understand the potential bottom price range which is truly the dip that you should buy.

Bitcoin is bullish long term, and from the market movements, you shoulda realized that network coins would struggle this time, please up your research game

Here, in my opinion, two things are important: the first is to invest in coins and tokens, which will then grow in price, and the second is to choose the most successful investment moment when the cryptocurrency reaches its price bottom. Both of these are quite difficult to achieve. After all, it is very difficult to predict cryptocurrency in its further price movements. In order to average the indicators of buying a cryptocurrency at a possible lower price, it is advised to invest in it in parts after a certain time. So it is better to react to its price movements.