Buying the dips: do you have a specific criteria?

[jdn_ldn]

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

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

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

[20kevin20]

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

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

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

[jdn_ldn]

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

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

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

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

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

[cryptoperkele]

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

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

[jdn_ldn]

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

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

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

[Kelvinid]

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

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

[jdn_ldn]

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

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

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

[Shohag123]

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

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

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

[mk4]

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

[maydna]

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

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

[NavI_027]

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

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

[Anonylz]

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

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

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

When the price of BitCoin gets below 1 Cent, I will buy the dip  

I would not invest any money in BitCoin that I was not totally prepared to lose.   I could put my lunch money into BitCion, and not feel bad when its value went to zero  

Hard Facts  

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

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

[freedomgo]

I have a very simple criteria.

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

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

[Oasisman]

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

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

[Wexnident]

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

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

[rhomelmabini]

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

[GreatArkansas]

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

[Ucy]

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

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

[serjent05]

I have a very simple criteria.

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

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

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

[MCobian]

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