Buying the dips: do you have a specific criteria?

[Zackgeno96]

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

I mostly follow my guts and sometimes I follow a few of the experts that I follow on twitter. Like the time when there is a flash crash in the market when bitcoin price falls more than 20% then you always know it is the right time to buy bitcoins, at that time I buy bitcoins as at this time I am sure of getting a profit on my investment because bitcoin will surely go up in the future. Also when the price isn't moving up for a long time I usually sell a large part of my holdings as there are high chances of a market crash.

[peter0425]

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

I am for the dump,i mean at least more than 10% of fall?i will surely add some on my folio.

I have been holding my coins so adding is just an option,but in time like what last march 12 happen?i would particularly wait for the deepest before buying again.

[Oasisman]

~snip~

I am for the dump,i mean at least more than 10% of fall?i will surely add some on my folio.

I have been holding my coins so adding is just an option,but in time like what last march 12 happen?i would particularly wait for the deepest before buying again.

March 13 was the deepest with $4,100 since the bearish run in 2018, how much the lowest would you consider? There is no indicator for the lowest dip. IMO, If you'd have to put a certain margin of specific percentage for a good entry point then grab it, than wait for the deepest that still uncertain.
There are actually a lot of things to consider when buying the wisest range for Bitcoin. Market sentiments, fundamental news, and technical analysis. If you can effectively use this tools all together, you'll be able to have a higher chance to have a good entry point and selling point.

[Golftech]

I have certain levels if the price falls below a certain level or breaches the certain tolerance and considering the market situation I do buy the coins.

If you do monitor the market trends and you understand the coin that you are going to invest your money. Chance to get decent profits is very possible.

Though not everything will go right because there are times when you think you bought at higher levels but overall when you look at it this will help you make profits

Timing is very important, it's a matter of how good you are in anticipating what will be the next market movement for you to place both entry and exit position.

and also exiting is equally important when invested for short term.

You are right, exiting accompanied of gains that you acquire from the dip that you bought and the high that you sell.

[Cherylstar86]

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

I am for the dump,i mean at least more than 10% of fall?i will surely add some on my folio.

I have been holding my coins so adding is just an option,but in time like what last march 12 happen?i would particularly wait for the deepest before buying again.

I respected your decision, but what I've seen here for now is the smartest decisions that we could make. Don't wait for another dumped price to occur because it's already happening right now. On my own perspective, the market stabilize very well so let's grab the very best timing before another bullrun price will commence.

[el kaka22]

I kind of do but it is not a strict one that should be used every single time that happens. I have a criteria where if bitcoin drops over 30% that means it is a dump and the price hits lower than it should and I try to buy as much as I can. This doesn't mean that you should buy it as soon as it reaches 30% drop because it could go lower, or this doesn't mean that you should stay away if it dropped 29% but failed to reach that 30%.

This just means that if it reaches 30% and more I will buy but if it stops at 20%-25% levels and doesn't go down anymore and stays there for a day or two I will probably buy there as well and if it drops 30% but looks like it is still dropping I will wait for it to stay for at least 18 hours at that price before I buy. Calculate the volatility of bitcoin movements into your purchase before you do anything.

[pixie85]

What I like to focus on is the news and the situation on the market. If the dip is caused by something irrational like the fear of a virus that has a very low mortality rate I know it's time to buy not sell.

The other thing I like to look at is the time. Say I want to buy Bitcoin and it's in a bear market. If the bear market has continued for more than 6 months already and the price is at a 6 month low it usually is a good time to buy.

[CryptopreneurBrainboss]

Why do we overthink things or complicate simple things. Buying the dip isn't that hard to do and totally depends on personal experiences in my opinion. What I consider to be a dip might not be the same as yours. Currently the price of bitcoin is trading around the $9k and above range so assuming I was to buy the dip then anything below the $9k would be a perfect bargain considering I would be holding my investment for quite a long period of time.

Although the most effective way to buy the dip is to buy in batches if you're not convinced of the market retracing from your buy price range.

[nelson4lov]

Of course, There has to be some kind of criteria. But this largely depends. It differs per person. Some just buys anything that is - % down in a specific time period. However, everyone always want to buy low and sell high ( that's the goal anyway). But it doesn't have to be a clear cut. You  don't have to wait till a token is at a specific price before you buy. You would be leaving more money on the table this way. In my experience, Its best to decide what determines your trading moves.

[milewilda]

Why do we overthink things or complicate simple things. Buying the dip isn't that hard to do and totally depends on personal experiences in my opinion. What I consider to be a dip might not be the same as yours. Currently the price of bitcoin is trading around the $9k and above range so assuming I was to buy the dip then anything below the $9k would be a perfect bargain considering I would be holding my investment for quite a long period of time.

Although the most effective way to buy the dip is to buy in batches if you're not convinced of the market retracing from your buy price range.

Average down would be good but depends if you are holding for long term or would go for shorter trades.This one might be basic for some but actually a hard part for most people since they do always look for the best timing
or situation for them to get in.Its true that we do set out own criterias on when we do buy and as said it wont really be similar to each person since we do have our own decisions and analysis on each price movement and
this what differs on each individual. Experience would matter on molding up these kind of decisions- from a very complicated analysis to a simple guess just because your guts do tell you. Lol!

[LogitechMouse]

I personally don't buy Bitcoin that much especially now that the movement of it is sideways and we don't know where it will go.

I don't know if the price movement of this will go up or down. My criteria or I should say tools that I'm using as an indicator whether I will buy or not is when it reaches the 200 Daily MA as a support and breaking a long trendline as the resistance. If either of this will happen, for sure I will accumulate more. Buying the dip is almost impossible because you don't know when it will go up or go down. The best thing to do is to just buy if the criterias are already met.

[Wind_FURY]

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

I go with experience, but I also used to have very low bids always ready before COVID-19, and added more every month after receiving my pay-check.

[shoreno]

Of course, There has to be some kind of criteria. But this largely depends. It differs per person. Some just buys anything that is - % down in a specific time period. However, everyone always want to buy low and sell high ( that's the goal anyway). But it doesn't have to be a clear cut. You  don't have to wait till a token is at a specific price before you buy. You would be leaving more money on the table this way. In my experience, Its best to decide what determines your trading moves.

yes that was me , i do only have 1 criteria when buying and that is if when the coin drops at x amount . im not really an expert at trading so that could be the reason while others that are experts do have a diferent critieria because they are perfectionist or ambitious about what they are doing .

the goal is to buy low and sell high but everyone does not buy easily  but we do all have our different criterias for judging the dip .

[lienfaye]

I dont really have a specific criteria when buying. If I have capital to buy additional coins then I will just wait for a dip (which is the common strategy) though its not easy to determine if the price is the bottom. Because we cant really say if the value is the bottom price before the recovery will happen, it can decrease further or turn up unexpectedly. So I just compared the current price to the previous movement then I will buy when the price decline.

[Ridwan Fauzi]

I have certain levels if the price falls below a certain level or breaches the certain tolerance and considering the market situation I do buy the coins. Though not everything will go right because there are times when you think you bought at higher levels but overall when you look at it this will help you make profits and also exiting is equally important when invested for short term.

There are some tools to measure how far the price will fall and up like fibbonaci and even with support and resistence (which I think very accurate) it can help you to minimize the risk.

Because for me, before I decide to buy some coin that I think it will be profitable in the future I'll see first the current trend. Although I'll hold it for long term investment but I have to know the lower price that will be face in order to I have good profit. 

[carlisle1]

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

If the Price of each currency falls at least 20-25% then that is what i think the best way to expect as Dip.

i don't really looking in graphs because i am not a analyst and this is my way of believing how my big buying will happen.

I can even spend all  my capital again when this happens because i am always waiting for the right time to purchase as i am gathering capital on weekly or monthly basis from my work allowances .

[LUCKMCFLY]

Sometimes intuition is a very good indicator, in a book by Jesse Livermore he explains that part, he said that he had a hunch or a presentiment, in the middle of his business decisions he gave hierarchy to such feeling, and it was very helpful because he obtained expected earnings.

Of course, trading should not be seen as intuitions because it would become gambling, but many times the same subconscious can give you some signals.

[KnightElite]

It is risky to buy at dips because you will never know if it is the final dip or there will be another dip that may happen. Buying at dips are called counter trend strategy, which means that it has high risk because the selling pressure is too high.

I do have criteria when I do buying at dips, I first looking to the RSI and also to the chart. I plot support and resistance in the chart and I make sure that before I buy in dip, the price is near at the support level when I do long position.

[Findingnemo]

It is not possible to find perfect bottom of the trend to buy it for cheapest price so just buy when you see the prices are low and people are yelling bubble bursts. For sure the prices will increase once these things are done.

[monineklutak]

It is not possible to find perfect bottom of the trend to buy it for cheapest price so just buy when you see the prices are low and people are yelling bubble bursts. For sure the prices will increase once these things are done.

whether for Bitcoin or Altcoin ?, if Bitcoin waits at $ 8500, many experts predict it will go down there, but not 100% right,
you can buy 10% of your capital at $ 9000  , for the better, if goes to $9500 you have a profit