At what point do you stop buying the dip?

[paramind22]

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.    

[wxa7115]

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 then 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.   

At the end of the day it depends on what you think it is what we are seeing, the strategy is called buying the dip not buying the crash, if you think we are seeing a crash then the best strategy is to stay out of the market and not buy until your experience tells you we are close to the bottom.

However if this is just a big dip and you bought while on the way down several times then you will be fine as the price will quickly recover, personally I think this is the most likely scenario and the one I think will happen, however you could set a limit in the case you are wrong, for example you could use 50% of your fiat to buy at several levels during a dip and keep the rest in the case you were wrong and it is a crash and you can buy close to the bottom giving you a better average price for your coins.

[seleme]

The main rule is never to try to catch the falling knife no matter what.. Buying dip is luck + trading skills + experience, finding the top-bottom is gambling with leveraged trades. Focusing on the long-term trading results is healthy than trading blindly on top bottoms or trying to get the dip points. Just focus on the long term gains and you are good to go. Instead of chasing the bull market or bear market will lead to the REKT sooner or later. The long term trading or investing is the key for avoiding the huge losses, write down your goals and always stick to your main trading plan which can be extremely dangerous if you avoid it.

[livingfree]

That is ok if you've bought at those ranges. You're in for the long term and every single buy you do will count in the future.

I will only stop buying if I don't think that there's no more sense in the market. But that's unlikely to happen for the top coins that we're always talking about.

But for the meme coins and whatsoever, there's really no sense IMO to buy them that's why I'm starting to be more serious with my long term hold.

[Handsome Boy]

when I have no more money to buy the dip, because as long as I have money to invest in cryptocurrency, then I will definitely continue to buy the dip, because I believe that in the future the money I invest now will definitely increase to 10x-100x, therefore I don't want to losing the current opportunity (buying the dip) to get a big profits in the future.

[Hamphser]

That is ok if you've bought at those ranges. You're in for the long term and every single buy you do will count in the future.

I will only stop buying if I don't think that there's no more sense in the market. But that's unlikely to happen for the top coins that we're always talking about.

But for the meme coins and whatsoever, there's really no sense IMO to buy them that's why I'm starting to be more serious with my long term hold.

Will really always vary on what coin you would really be targeting to buy neither a top coins or into those low cap coins or in low ranks.If its really worth to hold or not

but always remember that you should only spent or invest the amount that you can afford to lose or something that you wont rely as a source of income to sustain
your daily living because crypto profits isnt really something that you can rely.

Buying the dip is something that someone cant really do such thing easily since there are several indications for you to consider first before on doing it.

[Gozie51]

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 think many other exchange platform can allow to pend your order and not only coinbase

I bought in the 40K range and now it is in the 30K range.   

Not knowing the exact time or deep to refill from is the challenge of crypto. Now you have lost around $10,000 and no guarantee that more deep won't come. I'm sure you have felt you bought at a deep but now it keeps going down.

[adaseb]

Think about it this way, the more over-extended the dip the more profit you can make but the chances its not a dip are much higher. Hence when BTC was rallying it barely dipped on some occasions, such as only giving maybe 5% dip, but those dips were always profitable. However now with a 50% dip, sure you can make tons of profit if it breaks ATH again and goes to like $75K however the fact that it dipped so much is not good.

When there is a small 5% dip, people dont panic. When there is a huge 50% dip, people usually panic and there is going to be tons of sell pressure and the first rip we get will most likely all want to sell. So its possible this might be like 2017 when we got to $5K and then dipped all the way to $3K before regaining our rally, however keep in mind what happened when we got our 50% dip from $20K to $10K late 2017. Everybody bought the dip and got rekt.

[CutePanda]

I will still buy and invest little buy little for now, because the original price i bought already decreased about 60%+,
so i will keep buying for now until the price of BTC going back to $63k and ETH go to $4k+ again.
This is a good moment to buy again and again, and wait until the price skyrocket again.

[cabron]

You should just wait to see how low the dip can go. There are indicators to find this out like the RSI and also you need to zoom out from 4hour chart, daily to weekly so that you can compare how the prices dip to its oversold price. I wouldn't be buying until I see it reaches the oversold line and then prices have to go sideways first before deciding to buy. This is just what I learned from someone I've also follow because I profited thru his analysis.

[VanDeinsberg12]

When running out of money I guess, the thing about buying dip is no one really know when we gonna hit rock bottom, it could always go down further but if we're speaking about btc, we can say that it's not gonna go down to below $20,000 due
to this coin already considered as digital gold so whether you bought at $30000 or $40000 doesn't really matter if the price could go back up again

my point being, before buying the dip check the fundamental of a coin, if it's good even if the dip still go deeper its gonna be profitable long term.

[michellee]

I think that will depend on how is your feeling. If your feeling says to stop, it is better to stop buying at the dip because you already buy many amounts. But if your feeling says that the price will go down for more, you can prepare to buy more. Maybe we have a different method to know when we decide to stop buying at the dip because that will also depend on the money we have because we do not have to spend all of the money buying at the dip. We need to manage how much money that we can use to buy the coin at the dip.

[Ararbermas]

News around the internet is the good idea when it comes buying at the dip, because to be honest that how the market works now.. See what happened? What i meant is we need to make research first before buying because nowadays there are some factors the really driving some project in just a simple way especially around the social media . .this is just a friendly reminder mate because for me this is really the most important things to get the right timing in a dip.. Not just using some indicators because it's always too good to be true and to follow what's the main reason why market always going crazy..

[elda34b]

As others have said, it depends on your risk appetite. If you're fine with your portfolio going down all the way to Bitcoin @$5k, then by all means you can buy them all along. Of course it doesn't mean you can just throwaway your money. You have to buy the assets that you believe to be valuable. Spending $1k to buy Bitcoin is not the same as spending $1k to gamble with shitcoin.

[slaman29]

Simple. At the point that you run out of funds that you can afford to lose.

Don't forget the simple basics, people. Invest only what you can afford to lose. Then that way you never regret if things don't work out. And you buy the dip with money you have extra on the side. Wait a couple years or 3 or 4, and then see it all come back up again;)

[bitterguy28]

I bought in the 40K range and now it is in the 30K range.   

you had been here for long time and just recently that you bought Bitcoin? how come that you wait that long, meaning that you don't trust bitcoin all those time and you change mind after that long.

Simple. At the point that you run out of funds that you can afford to lose.

Don't forget the simple basics, people. Invest only what you can afford to lose. Then that way you never regret if things don't work out. And you buy the dip with money you have extra on the side. Wait a couple years or 3 or 4, and then see it all come back up again;)

he already knew that because he had been here since 2016 , he even manage to see that 2017 Pump and also the highest of 2021.

[Sterbens]

precisely with a decrease like this is the moment to collect lots of coins at a cheap discount. How not, you also know that sharp drops are quite rare and are looking forward to a discount of this magnitude.
if i have big balance in USDT then i have spent all to queue cheaply.

[feelideb]

At a point where you do not have disposable income to spend! I say this because I assume you must have invested a chuck of your income on a coin like bitcoin, ether, uni etc. When buying opportunity resufaces like it always do, the only logical thing is to buy as much as you can! And for some big risk appetite, tyey may even borrow or sell personal effect to buy the dip!

[Roidz]

At a point where you do not have disposable income to spend! I say this because I assume you must have invested a chuck of your income on a coin like bitcoin, ether, uni etc. When buying opportunity resufaces like it always do, the only logical thing is to buy as much as you can! And for some big risk appetite, tyey may even borrow or sell personal effect to buy the dip!

Do you think the bubble has really burst that you are suggesting selling personal items and putting them in crypto? I think you should wait for the right time if you want to re-enter the market in its current state, some of my friends even did as you said, nyakni sold her motorbike when yesterday bitcoin crashed and invested her money in bitcoin when the price was $40K and of course he regrets what he is doing now because the decline in bitcoin prices has not stopped at this time.

[livingfree]

That is ok if you've bought at those ranges. You're in for the long term and every single buy you do will count in the future.

I will only stop buying if I don't think that there's no more sense in the market. But that's unlikely to happen for the top coins that we're always talking about.

But for the meme coins and whatsoever, there's really no sense IMO to buy them that's why I'm starting to be more serious with my long term hold.

Will really always vary on what coin you would really be targeting to buy neither a top coins or into those low cap coins or in low ranks.If its really worth to hold or not

but always remember that you should only spent or invest the amount that you can afford to lose or something that you wont rely as a source of income to sustain
your daily living because crypto profits isnt really something that you can rely.

Buying the dip is something that someone cant really do such thing easily since there are several indications for you to consider first before on doing it.

It's hard to maintain the daily living if your main source is crypto. Unless you're very much profitable day trader then things won't be a problem to you.

But for most that don't have a good status in life and relying on crypto, it's like a once in a life time opportunity and for the meantime if the investment and chosen crypto is your biggest bet that might change your life forever. You have to look for a job or any means to sustain your living first.