Buying the dips: do you have a specific criteria?

[rodskee]

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.

Going against the trend is effective if you are good in taking the risk, if you are willing to wait and see
the outcome that you are intending to see..

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

If you have this strategy and if it's working with you best to put your orders and allow the sway to go
according to the direction that you wanted to see.

[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.

Going against the trend is effective if you are good in taking the risk, if you are willing to wait and see
the outcome that you are intending to see..

Without taking such risks we can't be able to make such good profits, so don't be afraid of taking risks but it applies for bitcoin but if you apply the same going against the trend strategy then surely it has more chance of back firing.

[Yamifoud]

Without taking such risks we can't be able to make such good profits, so don't be afraid of taking risks but it applies for bitcoin but if you apply the same going against the trend strategy then surely it has more chance of back firing.

Risk takers have more chances to win compared to doubtful people. And I really appreciate people taking such risk and that because we are in crypto we are already engaging in that particulars. I understand why some of us leave crypto and quit because they are not gaining confidence and that crypto investment isn't really for them (quite that normal to see).

A businessman could hardly be a teacher, crypto investors will also be hardly a teacher as well. People rather live where they have the confidence to work. The same thing that you buy coin/s base of how you wanted to be and that is your criteria.

[Quidat]

Without taking such risks we can't be able to make such good profits, so don't be afraid of taking risks but it applies for bitcoin but if you apply the same going against the trend strategy then surely it has more chance of back firing.

Risk takers have more chances to win compared to doubtful people. And I really appreciate people taking such risk and that because we are in crypto we are already engaging in that particulars. I understand why some of us leave crypto and quit because they are not gaining confidence and that crypto investment isn't really for them (quite that normal to see).

A businessman could hardly be a teacher, crypto investors will also be hardly a teacher as well. People rather live where they have the confidence to work. The same thing that you buy coin/s base of how you wanted to be and that is your criteria.

Not all things would fitted for each people and there are really ones who do easily turned their back once they do saw that they can able to comprehend the risk on this market compared when they do invest into traditional stuff that we do know.It depends because confidence differs on each person in talks of investment and yes they do have their own specific criteria on when and how they would come out to the market.
Risk takes does really have more chance on making money compared to those who are doubtful from time to time.They wont really improve out themselves if they are just too scared to invest.

[Findingnemo]

Without taking such risks we can't be able to make such good profits, so don't be afraid of taking risks but it applies for bitcoin but if you apply the same going against the trend strategy then surely it has more chance of back firing.

Risk takers have more chances to win compared to doubtful people. And I really appreciate people taking such risk and that because we are in crypto we are already engaging in that particulars. I understand why some of us leave crypto and quit because they are not gaining confidence and that crypto investment isn't really for them (quite that normal to see).

A businessman could hardly be a teacher, crypto investors will also be hardly a teacher as well. People rather live where they have the confidence to work. The same thing that you buy coin/s base of how you wanted to be and that is your criteria.

A crypto trader could not be a teacher but a teacher could be a crypto trader, a doctor could be, a mechanic could be and anyone can become a crypto trader.All they have to do is to know their risk level and take risk based on it.Never try to compete with anyone, just stay in your zone and trade when you can which will result into good reap.

[Reatim]

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

actually there is no specific way to tell,even if we are certain still we are not in position to tell others what is our specific criteria because if can be true or either be wrong.

- When the price decreases x% on the weekly/monthly candle =  nope i am not

- When the price moves below the weekly/monthly negative average = most of the time yes.

- Only a couple of times a year after a major correction = Yeah exactly i am doing.

- Just look at the chart and go on your experience / gut = i must say Instinct?

Remember we had all our own opinion and style in everything so lets decide our own.

[TheGreatPython]

I generally do not have a fixed criteria but I usually see that a sharp drop is happening or the drop is a slower one, I mean sometimes the value drops by 10% within 24 hours while sometimes the drop is happening slowly over the week.

I prefer to make my buy when the sharp drop happens and the logic I do that is, when sharp drops happen they go up pretty soon to the normal value as sharp drops are either a sharp/scam dumping the bitcoins or just some other event which I am not aware about. While a slow fall means that the drop might be natural and buying at such point might need months to recover the price.

So, I often try to buy when there is a sharp dip and once it starts climbing, that is the best time to make buy orders in my opinion.

[bitgolden]

Do not pick a specific system that would tell you that a coin hit bottom, usually that may not work out the best way you imagine, you might actually fail and that system may show you something that is not just fully down yet. You know what is my understanding of a bottom? Not THE bottom but just A bottom, like not yearly lowest point maybe but lowest before it goes up type of situation?

Well, I wait for a coin to drop as further as they can, and eventually they stop, they don't go down anymore, and when it stops I wait another day, and if it is still there I buy it. But, this has to happen with at least 30-40% (depending on the coin) falls, if something went down 5% and stopped that is not bottom, but if something dropped 30-40% that means you are getting to bottom or very close to it.

[darewaller]

Risk takers have more chances to win compared to doubtful people.

Maybe that is why there are so many gamblers who regret betting because they took too much risk  (so I disagree with you ins simple words if you don't understand the statement).

Taking risk is good but knowing your limits is important, I mean yeah you must take risk to get rich but that is how gamblers think traders would always make favorable trades which not always mean taking risks.

A businessman could hardly be a teacher, crypto investors will also be hardly a teacher as well

But, a teacher would make sustainable profits while a businessman will make profits and also suffer losses to maybe such an extent that they have to quit their life at the end, I am sorry but I have seen a lot of cases.

Depends how how much risk and risk appetite you have because if only taking risks was making people rich then the casinos would have shut down and the gamblers would be richest people. Knowing what is profitable is not always related to how much risk you are taking.

[Awraawra]

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

These criteria is good but I think it's been good to buy when the price goes down because we all know that this criteria is good enough. Buying in low price is good to have profit. And no one can predict the price so we must be updated about the price.

[24Kt]

I generally do not have a fixed criteria but I usually see that a sharp drop is happening or the drop is a slower one, I mean sometimes the value drops by 10% within 24 hours while sometimes the drop is happening slowly over the week.

I prefer to make my buy when the sharp drop happens and the logic I do that is, when sharp drops happen they go up pretty soon to the normal value as sharp drops are either a sharp/scam dumping the bitcoins or just some other event which I am not aware about. While a slow fall means that the drop might be natural and buying at such point might need months to recover the price.

So, I often try to buy when there is a sharp dip and once it starts climbing, that is the best time to make buy orders in my opinion.

It really depends on the coin what you are dealing with. But if we are talking btc in general, I do think that there's really no fix criteria in buying btc. As long as you have money to spare and you are seeing the sudden drop, this may be a good time to buy. But it depends on you, as you don't know when will it recover. So you have to assess, if you are buying for short term or long term purposes.

[carlfebz2]

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

These criteria is good but I think it's been good to buy when the price goes down because we all know that this criteria is good enough. Buying in low price is good to have profit. And no one can predict the price so we must be updated about the price.

Easy to say that you should buy on the dip but when you are on the actual thing then identifying the bottom is a very hard task due to unpredictability aspect of the market.

Criterias been made would vary on each persons way of decision on specific situation.It might differ on some aspects but all do have still the same goal which is to buy in the dips.

Always set out PLAN B's when your initial plan didnt work out and continue if it does even more.

[STT]

Buy dips could go on two lines of logic, to identify long term trends (bullish) and hope they hold.    Or to buy into momentum, moving averages rising which shows a likely move towards higher prices.    So you could just simply watch 50 and 200 day averages, when the 50 is above the 200 and both have the line ascending upwards then you can buy into BTC with the idea we have a bullish trend.    I like that idea in theory because its quite simple and balanced over medium to longer term trend, its not infallible but no system is.
   Trying to have the skill to pick apart trends and call them, draw on a graph and be correct in predicting the crowd is harder to get right.   Same for the news imo, how many times did BTC get banned in China and the price fell yet it was still rising longer term; news I dont trust that much as a criteria though its relevant of course