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Author Topic: At what point do you stop buying the dip?  (Read 695 times)
Quidat
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June 12, 2021, 07:24:42 PM
 #81

At this point crypto markets seem to be influenced by some speculations, so it's easy to tell when people stop the bearish talk and turn to speak bullish, this should be the time to buy crypto.

The main rule is never to try to catch the falling knife no matter what.. Buying dip is luck + trading skills + experience
Lol I like this, sounds like something I can preach and put into practice
Heh) and I bought my first cryptocurrency just like that (like a joke) and forgot it for 4 month. A couple of months ago I remembered and was glad, regretted that I had bought a little.
Investment on crypto does really need up some sort of luck when you do deal into this market some had anticipated and some do make it as a joke but it turns out that those jokes become the reason for them to make money unexpectedly and to those people who had expected much because they believe
it does have potential do end up on nothing or not getting any value.It is just a matter of some mix luck and of course analysis would really be much
needed because this isnt gambling on where you do just simply pick without any basis.

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June 13, 2021, 01:52:05 AM
 #82

At this point crypto markets seem to be influenced by some speculations, so it's easy to tell when people stop the bearish talk and turn to speak bullish, this should be the time to buy crypto.
The main rule is never to try to catch the falling knife no matter what.. Buying dip is luck + trading skills + experience
Lol I like this, sounds like something I can preach and put into practice
Heh) and I bought my first cryptocurrency just like that (like a joke) and forgot it for 4 month. A couple of months ago I remembered and was glad, regretted that I had bought a little.
Investment on crypto does really need up some sort of luck when you do deal into this market some had anticipated and some do make it as a joke but it turns out that those jokes become the reason for them to make money unexpectedly and to those people who had expected much because they believe
it does have potential do end up on nothing or not getting any value.It is just a matter of some mix luck and of course analysis would really be much
needed because this isnt gambling on where you do just simply pick without any basis.

I agree that investing in crypto sometimes takes luck to make a profit. Because no analysis is 100% accurate, we have done the analysis
and research properly, this does not ensure that we make a profit. Indeed, investing in crypto has a very high risk compared to investing
in other assets. But this is what makes investing in crypto start to be in demand, because there are so many early adopters who think
investing in crypto is a joke. Finally, we were very surprised when the price of the coins we bought rose, and managed to provide a very large profit.
So always use extra money when investing in crypto, so when the price drops we won't panic and can patiently wait until the price goes up again.

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June 13, 2021, 08:06:35 AM
 #83

before it , u must know where the dip , its not hard to find free signal or even news about price movement , then u must analyze before u take action , and if u bought and the price still down and down, okay , dont overbought , even experts say ,buying crypto assets means being willing to bet you can lose everything.

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June 14, 2021, 09:33:13 AM
 #84

no one can guess the crypto market, as well as determine where to stop the dip, therefore I always play it safe, which is to take enough profit, never be greedy to keep waiting for higher
That's good, however, you need to make sure you are smart to do some short term trading, doing it is hard than just saying it, I've been there, I was about to sell and take profit but I still held despite my initial plan was to sell when the target is hit.

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June 14, 2021, 06:05:40 PM
 #85

i will buy dip when everyone is desperate for what they want, that's when usually the whales come to take the weak hand.
I personally, if I trade in a short time, will usually buy a dip when the decline is above 30% in a day.
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June 14, 2021, 06:55:12 PM
 #86

no one can guess the crypto market, as well as determine where to stop the dip, therefore I always play it safe, which is to take enough profit, never be greedy to keep waiting for higher

"No one can guess the crypto market"

Yes, I had a gut feeling in May that taking out my profits on the way to 60K BTC and some of the other top coins was good enough.  Then I listened to people that do know more about crypto in general on Youtube, saying that the bull market is still going 4 to 8 months, and that we have about 3 more upward moves/small corrections  to go in this bull cycle.

I hope they are right.  This seems to be the "greed" factor in the fear and greed index.  It's as if making 5x my money wasn't good enough, I had to listen to people saying 100K BTC coin by the end of 2021, lol. 

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June 14, 2021, 07:20:02 PM
 #87

There is no specific time when you stop buying the dip it is just luck which matter. With experience you can somewhat predict the dip and it's range. My suggestion is to analyse the data and market trends, and set a potential limit where you want to buy the coins.  You have to have luck on your side.
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June 14, 2021, 07:37:49 PM
 #88

i will buy dip when everyone is desperate for what they want, that's when usually the whales come to take the weak hand.

with so many weird topics that i've seen in the last few days i'm wondering when i'll see season of 'weak hands' topics again

I personally, if I trade in a short time, will usually buy a dip when the decline is above 30% in a day.

this reminds me of last month's misfortune, it was a big price drop and even binance froze and I couldn't buy when the price drops to $30,000, I lost big chance and at the same time I lost money because I didn't put Stop - Loss, me I remember being annoyed because I couldn't sell to reduce my loss

There is no specific time when you stop buying the dip it is just luck which matter.

I partially agree, for example if someone were to follow the twitters of certain people it could be possible that this person could buy low and sell high. in the end what matters is being the first to get good or bad news



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June 14, 2021, 08:00:36 PM
Last edit: June 14, 2021, 08:15:21 PM by paramind22
 #89

There is no specific time when you stop buying the dip it is just luck which matter. With experience you can somewhat predict the dip and it's range. My suggestion is to analyse the data and market trends, and set a potential limit where you want to buy the coins.  You have to have luck on your side.

I think it's:

1 how much profit you believe you will make when you buy the dip.   Then you know how low you have to go.
2 how much of your trading profits you'll lose if the dip is a long term correction
3 how much of your trading profits you'll lose if the dip you buy at is not the larger dip in store before the correction upward

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June 14, 2021, 08:13:07 PM
 #90

There is no specific time when you stop buying the dip it is just luck which matter. With experience you can somewhat predict the dip and it's range. My suggestion is to analyse the data and market trends, and set a potential limit where you want to buy the coins.  You have to have luck on your side.
We just need to believe that were lucky enough that the price we analyzed is already the dip and the market is going uptrend. The market is too volatile  if we don’t trust our chart or analyzation we will not be able to buy at all. It we fear too much that the price will go dipper then buyback or put some stop loss. Trading is about risk at all.

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