joseyphil82 (OP)
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February 27, 2020, 06:27:52 AM |
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Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
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Novatech8
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February 27, 2020, 06:35:41 AM |
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Guess no one saw the dip coming ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) same thing happens when Bitcoin hit 19k in 2017, analysts and co are always wrong, like 60% if they are professionals, you need to start making decisions yourself, who knows? Might just favour you more than relying on analyst, crypto is unpredictable and USDT owners will be smiling right now
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kolonel_x
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February 27, 2020, 06:44:12 AM |
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It seems difficult to guess the movement of bitcoin at this time it is better to stop since and see its progress until it will completely recover, at times like this I always secure it in USDT for more stable conditions compared to be left on certain coins because it will be difficult to grow back. Short term will be better and see the movement every minute.
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INVALID BBCODE: close of unopened tag in table (1)
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Mighty_crypt
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February 27, 2020, 06:53:53 AM |
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If you don't know how to read charts its better to invest in Bitcoin for long term holding not trading, it's risky for those who don't know how to handle the pressure and disappointments along the way, this will make you to make the wrong decisions, if you are still with your Bitcoin then be patience, this time will pass again
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minairia3
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February 27, 2020, 06:57:12 AM |
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Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
Actually that's inevitable event. What is hard about buying low is the fact that the bottom cannot be distinguish well especially when btc is always volatile. With this current market, I think many got rekt since all thinks that bull run is approaching while it still at 10.5k price then boom it go down easily to 8.5k and could go lower than what we expected.
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gensol
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February 27, 2020, 07:03:06 AM |
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It's very few persons who will follow this principle very many others do not gain anything. A greater number buy low and sell lower even so the principle of buy low sell high favours only few disciplined ones.
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DDante
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February 27, 2020, 07:08:41 AM |
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Most don't want to see themselves in loss which is not possible, I don't see anything to cry about here, if you are stuck with bitcoin then hold, Bitcoin will surge again sooner or later and if you have usdt just buy some Bitcoin, there is time for everything
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enhu
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February 27, 2020, 07:50:09 AM |
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Its easy when its not really going to spike after the dip so maybe considering that the dip they are saying here is the bottom of the market trend. Day trading is a lot harder than just waiting for the mega price pump. But this is if you prefer to just wait. Leverage Trading should just be the one you wanna do if you want to profit even if the price dips.
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Byakuga
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February 27, 2020, 07:55:25 AM |
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Til date I don't like trading, you get rekt easily either leverage or not trading is for the pros, if you ain't one then learn if your heart desires, as for myself I prefer holding my coins till they surge and I pull off my gains
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S4VV4S
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February 27, 2020, 07:58:54 AM |
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If you don't know how to read charts its better to invest in Bitcoin for long term holding not trading, it's risky for those who don't know how to handle the pressure and disappointments along the way, this will make you to make the wrong decisions, if you are still with your Bitcoin then be patience, this time will pass again
Agree, Because the world of trading is not just a buy low sell high, we are also required to be able to read charts by technical analysis and it's not easy, it takes a long time so that we can master it. For that reasons, people prefer saving BTC as a long-term investment.
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ssamotoev
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February 27, 2020, 08:27:42 AM |
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Guess no one saw the dip coming ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) same thing happens when Bitcoin hit 19k in 2017, analysts and co are always wrong, like 60% if they are professionals, you need to start making decisions yourself, who knows? Might just favour you more than relying on analyst, crypto is unpredictable and USDT owners will be smiling right now It personally feels like 90% of "analysts" in social media are wrong even tho they refer to charts and patterns. It definitely is more effective to make your own decisions at least for better understanding of the market. If I buy at the dip I feel pretty comfortable to see currency falling further because I've seen a bunch of times when currency is falling compared to USD, but its growing compared to btc (btc wasn't falling at the moment). So I can exchange my currency to btc in order to prevent loss and it works just fine.
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xSkylarx
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February 27, 2020, 08:41:01 AM |
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Simply because the market is really unpredictable. No one really knows when the prices will go high or when will the dip approaches. Even reading the charts and listening to crypto professionals won't give us the guarantee and assurance of 100% accuracy of the future prices. The best thing that we can do is just to have patience and be hopeful of our holdings.
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Ucy
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February 27, 2020, 08:52:30 AM |
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Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
You're probably doing it the wrong way. It's better to reserve some reasonable amount in stablecoin, and use that for buying dips. If you are monitoring a coin and the price of the coin dips, you buy the dip....if it dips again, you buy another dip... if it dips 3rd, 4th, 5th times you buy the dips. Better to just focus on major dips especially if you are not day trading. When price starts moving up again, you can then decide to sell or hold. I usually reverse sell the exact amounts of dips I bought as price goes up gradually It is also advised that you leave some amount of coin for long-term holding, so you don't miss out when there are serious bull run
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bhabygrim
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February 27, 2020, 09:32:26 AM |
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Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
You are not alone my friend sometimes I also feel that way and this situation reminds of this video. There is always a risk in investment so we should always be prepared for it and always make some back up plans because it wouldn't always go as we plan it. It is hard to predict what would happen next in crypto market it could always continue to go down or bounce back so we should always remember to invest only what we could afford to lose, Don't put everything on it.
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Winscosinally
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February 27, 2020, 09:41:04 AM |
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Buying low and selling high works for me most times but sometimes you can't just predict right and the solution is having patience, the best coin for trading is Bitcoin, it always recovers, you aren't actually in loss unless you sell
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BlacksmithCorporation
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February 27, 2020, 09:44:28 AM |
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Does that mean you will give up trading? because what we always do in trading is always to buy at low prices to sell at high prices or to sell at high prices and to buy at low prices. The truth is that the method is always right only the way we do it is wrong.
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michellee
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February 27, 2020, 09:53:40 AM |
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Buying low and selling high will not always work, especially if the market like this. It will be difficult to know when to buy and when to sell because the market can not be predicted. Maybe we can buy at a low price, but no one can guarantee that the price will not go down for more, and at this moment, I think we need to trade with care if we want to reduce the risk. But I think there is a chance for us to make a profit although not much, but it is worth to try so be careful.
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ballerin and giroud
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February 27, 2020, 10:08:54 AM |
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Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
First of all you have to make the target, if you have intention for short term pariode you should have more understanding how trading work, it means you have to know the startegy either technical analyst or fundamental analyst. If you just buy right now and you don't have target profit then you will not be profitable. Like this time, a few days ago the market cryptocurrencies are really promissing but right now it is really different, most of their price are decreasing a lot and you will be lose a lot of your money.
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TheUltraElite
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February 27, 2020, 10:15:08 AM |
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Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. There is something called support and resistance levels. I am sure you have learnt about those but have not been able to apply them in real time trading which is not uncommon. When such things happen. You have to buy again at the next dip if you have money at hand and ready to use. Once you run out of your stored capital for such purposes, you can stop. Note the different buying levels and then sell those lots at the corresponding selling level of your wish and when such levels are reached. Thats how you make money from this. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now You should never buy the rise. You are using a flawed logic here. Read what I have explained.
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FireBallex
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February 27, 2020, 10:20:17 AM |
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Sometimes you end up losing more satoshis In the hope of making your Bitcoin grow in numbers, trading is dangerous and profitable at the same time, in which ever state you find yourself do not give up
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