DO YOU BUY WHEN THE PRICE DROPS SHARPLY ?

[abaidudez]

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. 

I usually do that many times. But most it end up dropping more that the time I invested. And until now still staying below to the price I bought it. Maybe it will take time to go up again. So I will just wait for the right time that it will go up a bit and withdraw it and invest it to other coins that has potential. I will try to follow what your strategy and maybe that will help me.

[upsidedown75]

Well , they say never buy in top neither when it is on bottom , because if you are not sure it is the bottom it can goes deeper!
2 points are not very stable , very top and very bottom , between those would have less risk .

Well, you may not really see buying the bottom as a risk and I have noticed that any sharp drop sometimes, the market always rise up a little bit even if it wants to continue with the downtrend, but I will consider being careful with this option. I have seen drops before that really ended up dropping the more without coming back up you just have to keep holding and hoping it gets pumped back. Probably for a coin you are buying at the top on a daily chart.

[lienfaye]

Well , they say never buy in top neither when it is on bottom , because if you are not sure it is the bottom it can goes deeper!
2 points are not very stable , very top and very bottom , between those would have less risk .

Well, you may not really see buying the bottom as a risk and I have noticed that any sharp drop sometimes, the market always rise up a little bit even if it wants to continue with the downtrend, but I will consider being careful with this option. I have seen drops before that really ended up dropping the more without coming back up you just have to keep holding and hoping it gets pumped back. Probably for a coin you are buying at the top on a daily chart.

Yeah dont just jump into conclusion but consider many factor why the particular coin dropping. Im interested in coins that currently in dips but before investing my money, I will make some research if it has potential or might be delisted in exchanges in days ahead. Not all coins are worth investing hence choosing the one that has potential is the task of trader.

[Botude23]

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. 

You better know How to get profit if the coin is still dropping or dumping try to Sell Right now then if its drop again buy so the coin you are holding will be big and you can wait for the pump now, More Profits Right??

[MV7]

There's a good reason "Buy the F***ing Dip" is an expression.

It's seriously one of the very few trading techniques that's nearly guaranteed to give you a profit. I almost always set a very low price on a coin I like just in case there's a flash dip.

[LSt56]

indeed it is one way to overcome loss and gain profit. can say that every there is a sharp decline then surely there will be reflection and rise again. I agree with your great way.

[eagle10]

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. 

Yes of course, I buy in dip but when it drops sharply as you said, it is a different story. It is embarrassing so I better be prepared when the drops come again. Not all investors know about this that's why this thread should let them know that newbies should not put all in when it goes down because it may go down further.

[lordmick]

It depends on th situation, but generally yes, I buy when the price drops sharply. Just don't forget golden rule "Buy when everyone sells, sell when everyone buys".

[royale143]

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. 

Me too; however, I check how much time has it been dropping depending on the coin I want to get. In this market, sharp drops may happen any time, and so is sharp gains. Therefore, for you to actually buy a coin at its best value, you should check how long has it been dropping in value. For me, it's enough for me to buy it when it has been decreasing for about three weeks to a month. At least, I am in the middle, whether it drops continuously or begins to gain value, I think that it would not suffer too much loss if the former happens, and I am all set for a profit if the latter prevails.

[Lhanofclover]

In the past i was afraid to invest more when i saw my holdings getting deeper in it's price and when i saw that instead of buying for more in low price i was hesitant because i'm afraid that coin won't never comeback on it's original price but i was wrong there are instance that it can go back and i just need to wait. Now, i have different trading strategy now and i always buy now when i saw some of my holding go deep then i'm just waiting for the price to recover then sell a portion of my holdings that can be use to buy again at dip.

[clarkt]

Sharp drop does not necessarily mean there will be sharp rise either.  If sharp drop occur in bitcoin,  Bitcoin will definitely rise.  If sharp drop is in another coin, you must determine the reason for that event before you buy.

[RockHenki]

Of course when alt prices are down you should invest in it as this is a well known strategy. But before you join the alt you have to study carefully the alt altitude to avoid the risk to you. Not all alt are worth the investment so choosing one is potentially the task of the trader.

[wuvdoll]

Well , they say never buy in top neither when it is on bottom , because if you are not sure it is the bottom it can goes deeper!
2 points are not very stable , very top and very bottom , between those would have less risk .

Well, you may not really see buying the bottom as a risk and I have noticed that any sharp drop sometimes, the market always rise up a little bit even if it wants to continue with the downtrend, but I will consider being careful with this option. I have seen drops before that really ended up dropping the more without coming back up you just have to keep holding and hoping it gets pumped back. Probably for a coin you are buying at the top on a daily chart.

Yeah, I have seen situations like this several times and it takes being cautious to play with markets like this and not being too greedy as well.

Normally, when there is a little scare in the market coupled with a sharp drop there is usually the tendency to see a quick rise which normally end up forming a sharp doji and that should be a good selling point for a market that have the tendency to continue further. Is situations like that; it is good not to expect too much from such trades but something Okay.

[Tiernadi]

Bitcoin will definitely rise

But how's long you'll wait for that rise?

[bitctrimor1]

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. 

I do, most of the time, but I also consider for how long the coin has been dropping. In this market, sharp drops has become a usual to the landscape, but you must also take note that even after a coin sharply drops one time, there could always be that possibility for it to drop continuously or in increments. So, having said, I also consider how much time the coin has been dropping in value, I usually consider those that has been dumping for three weeks to a month as a ripe point to buy coins.

[rommelzkie]

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. 

Your strategy is quite profitable but if the altcoin or crypto is on Bear movement you might not reach your target price and get stucked afterwards.

The best thing is know how big is your target that is appropriate for your current strategy

[myworkstrade]

YES I buy the price in flatline or in wick candles, thats quick bounce indeed but always ready for your stop loss, and avoid trouble with market down, be a defensive trader. Taking 20%-30% profit is good when market is down and the best strategy is bounce play only, but much profitable if the market is in uptrend, just be patience and make a plan. Good luck

[fat buddah]

I really love to buy when i see 2-3-4 red candle on 30-1h graphs after 3-4 red candle and backuping price , its easy give me about 10-20% profit in day traiding , but its only working when markets goes down very hard.

[semarmesem195]

Actually it is the best choice, because when the price drops sharply we can buy cheaply and can get a lot of coins with the funds we have.
But not for me, because i'm new in trading so that when i get profit and after calculated with the capital i use there is still left, then i'll buy coins from the rest of the profit i get, whether it is expensive or cheap price. The difference with buying when the price falls is the number of coins earned with the same funds when buying at an expensive price.

[Kevin77]

Im interested in coins that currently in dips but before investing my money, I will make some research if it has potential or might be delisted in exchanges in days ahead. Not all coins are worth investing hence choosing the one that has potential is the task of trader.

That would be like a crazy move to jump into a market thinking every sharp drop will just bounce back quickly. Not for a market that is not strong and is dropping pretty fast. I have been on some coins before that ended up being dumped badly and it just kept dumping without any quick retrace back up, and in that case, it is always good to make sure one does not fall into such trade as that may incur huge losses.

There's a good reason "Buy the F***ing Dip" is an expression.

It's seriously one of the very few trading techniques that's nearly guaranteed to give you a profit. I almost always set a very low price on a coin I like just in case there's a flash dip.

Yeah, and that saying has really helped a lot of people to follow the Warren Buffet saying with, buy when everyone is panicking and selling as long as you are smart about it though, and sell when everyone is buying and there is an indication of a drop as shown by the indicators. One best way never to trade the market is to do what everyone and most especially newbies are busy doing.