michellee
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May 28, 2021, 06:16:52 AM |
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Yes, but unfortunately, sometimes we miss that big red candle so we can not buy at the dip. It happened to me and many friends of mine, but we are trying not to regret that because I am sure that we will make a big profit in the future. As long as we can use the moment in the market, especially we see the red candle, we can use it to buy at the dip or we can wait for more if we found that the price can get down for more. By doing that, I am sure we can buy at a low price.
Another alternative when we are left behind is not buying coins during the big red candle, we can wait for the price to fall again. Because crypto movements often repeat themselves, usually a big red candle will appear again soon, because the crypto price is volatile. But if the big red candle doesn't appear again, we can buy when the red candle, but can buy it gradually. This means that there will always be an opportunity for us to buy at a low price, therefore it takes patience to wait for the coins to drop to a low price. The red candle will always come after the price reaches a high peak, but it is hard to know if the next candle will be the big red candle or back to the green candle. Maybe wait for a while to see the next thing that will happen to the market will be necessary to give us more sign. I like the idea of buying it gradually because that is what I did so far, and I get the benefits from that. If we can do that many times, we can expect to make a profit daily, which can help us collect more money from trading. So waiting for the market will be important than following the price rally because that can make us get a trap at the high price.
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ecnalubma
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May 28, 2021, 11:59:37 PM |
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It should stop dipping because it going to be critical for the market if it doesn’t stop. I believe the whales are still responsible for every market crash and nothing else, manipulation has limits and its an opportunity given by whales to acquire more at discounted prices.
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Xinarae*
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May 29, 2021, 02:48:59 AM |
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The crypto market means its rise and fall don't be impatient have to wait patiently. There are many people who sell all of them when the market goes down and then face losses again when the price goes up therefore if the price goes down it is the right time to hold on without selling whales can have an impact on the market but not last very long the demand and price of currencies in the market is slowly increasing again. You have to wait patiently without stopping buying.
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lxiaoh
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May 29, 2021, 02:55:14 AM |
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Generally, i would not stop buying the dip unless i run out of my money. To be honest, when i buy the dip i think that is the bottom price recently, but reality is always cruel. It is rarely a time to buy the bottom price,haha.
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affandi
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May 30, 2021, 03:47:50 AM |
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So patience is needed to buy, if you buy at 40K use your money around 20-30% to buy and if there is another drop at 30K, you can buy again to cover the first purchase, buying on weekends is the right time, so strategy is needed in trading or investing and not just buying.
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Dollar_Hunter
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May 30, 2021, 08:31:07 AM |
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So patience is needed to buy, if you buy at 40K use your money around 20-30% to buy and if there is another drop at 30K, you can buy again to cover the first purchase, buying on weekends is the right time, so strategy is needed in trading or investing and not just buying.
Yes, strategy certainly plays a big role in the success or failure of investing and trading, try to imagine if the strategy used is careless, of course we will lose, indeed in determining the strategy is not easy we need to understand the crypto market and do research
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paramind22 (OP)
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May 30, 2021, 06:31:47 PM Last edit: May 30, 2021, 06:43:22 PM by paramind22 |
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The whales want to wear you out, so notice when the money goes down the most in these multi-dip corrections because it will then finally go up the most. Unless of course it is going all the way down in the 3 or 4 year cycle. The correction or "crash"/"bear" market of May 2021, in the beginning I bought on the dip that wasn't much of a dip, just the start of the dip. The hype seemed too strong, and so it seemed like a mild correction was due, not for it to correct so sharply 40%.
A lot of people just now made 30% on their money in a matter of a week or two.
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Yamifoud
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May 30, 2021, 10:46:29 PM |
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The whales want to wear you out, so notice when the money goes down the most in these multi-dip corrections because it will then finally go up the most. Unless of course it is going all the way down in the 3 or 4 year cycle. The correction or "crash"/"bear" market of May 2021, in the beginning I bought on the dip that wasn't much of a dip, just the start of the dip. The hype seemed too strong, and so it seemed like a mild correction was due, not for it to correct so sharply 40%.
A lot of people just now made 30% on their money in a matter of a week or two.
I can't tell that we are finally in the bear season, seems to be not yet. $30k plus is still high to be considered as a bear price, what I can say to the current market position is still in the bullish season, we are just in price correction. So buying this time could be at higher risk but of course, we are already exposed to that thing, nothing to worried about provided that we are investing potential coins, not shitcoins. Now, if we can get a profit of 30% or even 20%, you'll got be lucky and we should contented enough.
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FairUser
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May 31, 2021, 05:41:24 AM |
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Just a thought like this, when the market is good, everyone wants it to drop in price to have the opportunity to buy more crypto assets for themselves.
Everyone is Overstatement mate, because there are many people that wanted for continues growth and not dumping. However, not many people do that, and the fear of harm makes it impossible for them to know that their thoughts are correct.
What ? thoughts? and not reality? sorry i missed that part. I can't help laughing with my friends when they always say when the market is down they will keep buying, but instead I see them constantly selling and taking losses, lack of market knowledge is so.
That's common mate, because the problem with not completely investors will make them talk a lot and not doing what's necessary . I don't deny what they feel is right for the market, even my I know that one day I will have to face such situations, but it will be the satisfaction of heart rather than fear. Anyway, in recent days, the market situation is not good, we can look back at the interesting developments of this space.
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slaman29
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May 31, 2021, 03:21:05 PM |
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I can't tell that we are finally in the bear season, seems to be not yet. $30k plus is still high to be considered as a bear price, what I can say to the current market position is still in the bullish season, we are just in price correction. So buying this time could be at higher risk but of course, we are already exposed to that thing, nothing to worried about provided that we are investing potential coins, not shitcoins. Now, if we can get a profit of 30% or even 20%, you'll got be lucky and we should contented enough.
Yeah, hard to tell now actually. We're all still thinking on the same terms as 2017/18 but this already feels very different on many levels (market wise, defi wise and institutional wise) plus the fiat economy is still a sinking ship and we all know people are so nervous there they could jump ship onto bitcoin if it really goes badly in us economy (which may not happen for many more months).
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irsykes
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May 31, 2021, 06:17:39 PM |
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Sometimes i don't know what is dip of crypto, usually when i see people already talk about price of a coin increased i will stay and look it is good to buy or not. Maybe a little late, but at least not really late because i stand by online in telegram via mobile phone and market because only in home to work. But if i late for a moment, then i will skipped it.
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Hamphser
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May 31, 2021, 07:26:55 PM |
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I will stop buying at dip anytime I have exhausted the money I safe for such an investment. And one thing I observed in this crypto currency market is when people are saying the market will drop further please buy because that is the moment it will start to rise to the surprise of many.
This is true and these are my indicative signs which i would make a decision to make some buy back on where people are really on fear or hesitance on buying up something. When it comes to budget then i do strictly follow it up when it comes to finances and wont really go beyond those limits because it would be risky if the market would go even more lower and besides i would always have a budget when it comes to possible further dips that might happen but since funds is limited then you should really be careful on making decision.
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Swordsoffreedom
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May 31, 2021, 09:14:01 PM |
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Been in this space since 2016 so I experience the bull run of 2017. To me it felt good enough back in early May and I was content that maybe we were at the top for this one. Then I started watching some YouTube videos that made it seem like we were in for a few more corrections. This "made sense" and was buying the dip when it went below the 50 K range. But it seems if I keep buying, I will be eating up more of my profits now than I want to spend. There is a price point where the money one spends to buy the dip comes out of one's profits so much that one is no longer making as much money to make one's time worth it. I learned that buying the dip on a site like coinbase isn't as good as setting limit orders because with them you can buy at a much lower point in the future and see if the market hits it or not. If it doesn't then you can buy as needed. If it does then you've saved a lot of money that dollar cost averaging would have cost you. I bought in the 40K range and now it is in the 30K range.
I will never stop buying deep, I think new investors should buy at deep without feeling any hesitation. And everyone should invest their surplus money in Bitcoin if they want to create a beautiful and secure future. I don't think anyone has to be very experienced or have a lot of trading skills to buy deep, these requirements are necessary for short-term traders, but if one wants to make a profit from his investment without having any good skill then I think buying deep is a very suitable decision for him. I always try to invest in Bitcoin from the money deposited after my monthly expenses, and at every deep, I buy more Bitcoin because I believe that the potential of Bitcoin will reach its peak very soon.
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DOH!
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May 31, 2021, 11:01:08 PM |
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This is a good time to stop buying and fully observe the current market situation and trend. Staking/cultivation can be used as leverage for this period. Recent bitcoin-related problems caused it to drop more than 43% in two weeks. No one wants to lose their edge when they find the bottom.
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Pierre 2
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June 01, 2021, 01:36:02 PM |
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I think its far better to buy dip towards bull markets (so in bear market). When you try to find dip in bull market, consider april this year, it was very risky and pretty sure some new investors didn't make money, instead they lost half of their initial investment. This is a good time to stop buying and fully observe the current market situation and trend. Staking/cultivation can be used as leverage for this period. Recent bitcoin-related problems caused it to drop more than 43% in two weeks. No one wants to lose their edge when they find the bottom.
Sometimes its better to observe, I agree.
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wxa7115
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June 01, 2021, 07:20:34 PM |
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Well, for me, i don't think there should be a point where stops buying the dip as long as its dip we talking about, personally, the only time i will stop buying the dip is when i ran out of cash to buy, but this depends on the coin am buying though, here we are using bitcoin as an example, the only time i stop buying bitcoins dip is when i ran out of cash, buying even at a lower price after youve initially bought higher is even a blessing in disguise as this helps bring down your average buying price which in turn creates room for more profit when eventually price begins to go up. but if its an altcoin that is not well trusted yet, i definitely would want to find out why price keeps dipping and what i find out will determine if i should keep buying the dip or just relax and wait for my selling price or even panic sell so as to buy in at a cheaper price later.
Thats also my strategy, but now im run out of cash, so i hope theres enough time for me to have another entry before another rally happens. That is probably the biggest issue with the buying the dip strategy, after all the harder the price drops the more you buy and the less cash you have available, so you need to read the market correctly, if you think the dip is going to be too small then you could buy a lot of coins when the dip is just starting and not have enough cash to buy at the ridiculous low prices we got to see during the extreme dips. But if you have your buy orders too low then you are not going to buy enough bitcoin when it is selling for a discount, so as you can see even buying the dip requires some level of predicting ability about how big the dip will be and this makes it a difficult strategy to implement.
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ChaoChibai
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June 02, 2021, 01:57:40 AM |
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Been in this space since 2016 so I experience the bull run of 2017. To me it felt good enough back in early May and I was content that maybe we were at the top for this one. Then I started watching some YouTube videos that made it seem like we were in for a few more corrections. This "made sense" and was buying the dip when it went below the 50 K range. But it seems if I keep buying, I will be eating up more of my profits now than I want to spend. There is a price point where the money one spends to buy the dip comes out of one's profits so much that one is no longer making as much money to make one's time worth it.
I learned that buying the dip on a site like coinbase isn't as good as setting limit orders because with them you can buy at a much lower point in the future and see if the market hits it or not. If it doesn't then you can buy as needed. If it does then you've saved a lot of money that dollar cost averaging would have cost you.
I bought in the 40K range and now it is in the 30K range.
So sorry for your lose, but this situation is the same for most of the people who invest in bitcoin. I have never imagined after the ATH, bitcoin price decrease in no time. I really hope this dip won't last long and market will be better this month and the following.
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justdimin
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June 03, 2021, 12:04:00 PM |
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That is probably the biggest issue with the buying the dip strategy, after all the harder the price drops the more you buy and the less cash you have available, so you need to read the market correctly, if you think the dip is going to be too small then you could buy a lot of coins when the dip is just starting and not have enough cash to buy at the ridiculous low prices we got to see during the extreme dips.
But if you have your buy orders too low then you are not going to buy enough bitcoin when it is selling for a discount, so as you can see even buying the dip requires some level of predicting ability about how big the dip will be and this makes it a difficult strategy to implement.
You have to consider income as well when you are making that type of calculation. Not everyone buys millions of dollars, people like me can somehow earn money and put more into crypto as well, which would impact the amount we have. For example my project put aside 250 dollars worth of BNB during this period, hopefully we can increase that when the price goes down, I personally bought 50 bucks more, these are all income related stuff. Sure some people have tens of thousands of dollars, hundreds of thousands of dollars, even millions however not everyone is like that and even the people like that usually can find some more. But, if you end up with nothing, and you have nothing to put once again then this problem is still not a problem, let it fall. If you bought at 100, then it dropped to 90 and you bought again, then at 80 then at 70 then at 60 and you run out of money but it goes to 30, just wait for it to go back above 100 and you would be in big profit anyway, so there is no rushing, just wait.
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Maslate
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June 03, 2021, 12:20:25 PM |
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This is a good time to stop buying and fully observe the current market situation and trend. Staking/cultivation can be used as leverage for this period. Recent bitcoin-related problems caused it to drop more than 43% in two weeks. No one wants to lose their edge when they find the bottom.
Everyone has their own perspective on when to buy and when to sell. Mostly buying occurs during the bear season but so sad that we never see it now coz I think that we are still in the bullish season. Quite to say that we have not to wait for the dip to come again but rather have to take the risk and invest it now. But before that, we have to check the market trend first, and we have to wait for the moment that corrections come as that will be our best position to buy.
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Serhii4238
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June 12, 2021, 12:10:04 PM |
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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.
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