ingiltere
Legendary
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Activity: 3038
Merit: 1512
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May 24, 2021, 10:21:54 PM |
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When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.
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2double0
Legendary
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Activity: 2618
Merit: 1105
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May 24, 2021, 10:35:36 PM |
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I don't buy the dip till it proves me wrong by showing a good reversal candle with enough volume to beat the volume of the lowest red with the biggest volume. I don't buy when I see that the selling pressure is very high and chances of a reversal are not good. It is not a good sign for a trader to go against the trend and try to do something different unless he is too much sure about his step.
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Bitcoinjheta
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May 25, 2021, 03:09:09 AM |
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You are not new in a crypto world my friend maybe you have much more funds to afford in investing which makes you out of control.There is nothing more you can with that except to wait for the market to bounce back to 40k + or else if that coins that you bought is BTC its good for future earning.
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MCobian
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May 25, 2021, 04:44:11 AM |
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When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.
Nobody will ever know the true dip price, it is true even though the altcoins price has dropped very deeply, the price of altcoins could still fall even lower. Therefore we decide for ourselves the purchase price for each of us. The most important thing when buying coins, don't use all the capital we have, always leave a little bit in case the price drops even lower. So we can buy again the coins that we bought.
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michellee
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May 25, 2021, 05:52:09 AM |
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When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.
Nobody will ever know the true dip price, it is true even though the altcoins price has dropped very deeply, the price of altcoins could still fall even lower. Therefore we decide for ourselves the purchase price for each of us. The most important thing when buying coins, don't use all the capital we have, always leave a little bit in case the price drops even lower. So we can buy again the coins that we bought. Maybe the big red candle can be a sign for them to buy at a dip because that red candle will appear at the market, so if they can buy at that price, they will expect to buy at a dip. Yes, we do not know when the dipping price comes, but we can buy the coin when the price is down. Even if we do not buy at a dip price, the price will increase and make a profit. Manage our money will be the best thing that we can do to buy at a low price because we will see many times of that low price.
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killerfrost
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May 25, 2021, 06:42:12 AM |
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Personally, I think I will be with this market for a long time, so the recent problems of the market did not affect my psychology at all. Moreover, most of my investments in this market are giving very good returns, I am not like everyone when entering this market the price is too high, and that is the reason why my current position at mine are very comfortable with it.
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Amejoaquim
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May 25, 2021, 07:22:54 AM |
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When i still have money i can afford to lose i will keep buying the dip,
i don't have limit about it because i believe in the next few years the price will go back to the moon (only top coins), so even though my investment keep droping i believe in the end the price will rise again.
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slaman29
Legendary
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Merit: 1239
Livecasino, 20% cashback, no fuss payouts.
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May 25, 2021, 10:43:01 AM |
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When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.
Well in that case, nobody will be putting money down on limit orders. That's perfectly fine for traders to not know, hence several limit orders and even in both ways. You're a trader, you have to predict these scenarios, and you always buy the dip. Not a trader or not willing to take the risk. Dollar cost average. Easy, simple, and it ALWAYS works:)
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Roidz
Sr. Member
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Activity: 1386
Merit: 250
1XBit.com
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May 25, 2021, 02:23:38 PM |
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When i still have money i can afford to lose i will keep buying the dip,
i don't have limit about it because i believe in the next few years the price will go back to the moon (only top coins), so even though my investment keep droping i believe in the end the price will rise again.
As a trader, it is certainly a good opportunity to buy when a price drop occurs, but the problem is that when the price drops as well as the estimation of assets we have drastically decreases and not a few traders experience panic to cut losses to avoid big losses, if I personally would prefer to buy when the price has really dropped to a low, rather than enter when a dip is occurring.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com Super Six | | | | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | | | . 6 BTC PRIZE POOL | │ | . TAKE PART | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ |
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SquallLeonhart
Legendary
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Activity: 2352
Merit: 1101
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May 25, 2021, 06:43:30 PM |
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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 never do. Why would I stop buying the dip, it is the dip, and that is why we buy it? I mean sure I buy the "dip" and then it goes down even more, but then I buy some more. Unfortunately I do not have the money for it right now so I can't buy more of this dip, and I understand other people who can't because they lack the funds however if I had the money to buy I would buy some more from here as well, and not just bitcoin I would buy other coins as well then if the price went down a bit more I would buy some more and I would keep doing that over and over and over again for a long period of time because this is the dip and it should be bought constantly. I would buy it until bitcoin is 5k and ethereum is 100 dollars and bnb is 20 dollars, I would still buy them if I can. Just do that and wait, I am sure sooner or later the price will go up once again.
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LUCKMCFLY
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Activity: 2464
Merit: 1857
Leading Crypto Sports Betting & Casino Platform
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May 26, 2021, 04:06:03 AM |
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I have been looking at important currencies, and this one in particular seems to me that it is in the mode that they have stopped buying, when reviewing its volume by tradingview it seems to me, but this article refers to the fact that interest has been lost a bit, maybe it is because of the big BTC crash that occurred days ago: Uniswap was rejected at its 50-SMA (yellow) on the 4-hour chart but this limit was well within expectations according to previous analysis. As reiterated, this presented the possibility of sideways movement, with $19-20 offering some support. In fact, the predicted movement could also be considered bullish over the short term as UNI needed to reset after yesterday’s gains. Source: https://ambcrypto.com/uniswap-solana-matic-price-analysis-25-may/I think that at this moment many are stopping buying, but anything can happen, if BTC goes bullish, UNI can shine and give great surprises.
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ahsanif
Member
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Activity: 132
Merit: 10
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May 26, 2021, 06:21:37 AM |
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some people who missed their analysis and then there was another decline, but still dared to cutloss sometimes it's the right thing to do because you can use it again for a few coins at a lower price
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bluebit25
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May 26, 2021, 07:41:57 AM |
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Right now I still have a stable coin to prepare for the worst case scenario I can think of, maybe I will spend all of that money buying back BTC at $25k - 30K, that's the case if it happens because anyway, I'm not too concerned with the money to buy back because currently the amount of crypto is not too much for me to bother but I'm not the one who sold out the crowd last time
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slaman29
Legendary
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Activity: 2702
Merit: 1239
Livecasino, 20% cashback, no fuss payouts.
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May 26, 2021, 11:02:50 AM |
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Right now I still have a stable coin to prepare for the worst case scenario I can think of, maybe I will spend all of that money buying back BTC at $25k - 30K, that's the case if it happens because anyway, I'm not too concerned with the money to buy back because currently the amount of crypto is not too much for me to bother but I'm not the one who sold out the crowd last time Well, you better go put it in a limit order now actually. If I HAD any stablecoin I want to invest, as a trader, they would all be in limit orders at various stages. But I'm not a trader so I'd be damn right out there now spending all that Tether into BTC right now. The way it looks, we may even not be seeing 30k anymore if this recovery turns into the next rally upcycle!
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Serhii4238
Newbie
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Activity: 19
Merit: 0
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May 26, 2021, 11:48:53 AM |
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SXP. Binance bought it last summer. Very valotyl .. plus or minus see for yourself. But everything with binance will shoot sooner or later. Although if we have arrived yet, then nothing will be fired. Although, even after such a fall, she is now 13x from loya
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pealr12
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May 26, 2021, 12:43:56 PM |
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Consider the speculation that btc can still go as high as 70k plus I would say we are still in the dip and still not a bad idea to buy at this price, same applies to eth and rest top alts with reduce price at the moment, but also bare in mind that it could dip again, no one can fully predict the direction the market will go.
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sapnu
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May 26, 2021, 12:48:21 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 think you should stop buying whenever you run out of funds and you are clearly experiencing loss more than gains. Considering that you bought at the $40k range and the value is now going low at the moment, you have the freedom to keep on holding or buying if you trust that bitcoin will soon come back to $60k. Many people are confused on what they should do right now when in fact, we all know that all of these corrections are leading only to one path which is bitcoin getting more new all time highs. It may pay off or it may not cause its a risk ever since the beginning so decide wisely!
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Questat
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May 26, 2021, 01:50:49 PM |
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snipped...
I think you should stop buying whenever you run out of funds and you are clearly experiencing loss more than gains. Considering that you bought at the $40k range and the value is now going low at the moment, you have the freedom to keep on holding or buying if you trust that bitcoin will soon come back to $60k. Many people are confused on what they should do right now when in fact, we all know that all of these corrections are leading only to one path which is bitcoin getting more new all time highs. It may pay off or it may not cause its a risk ever since the beginning so decide wisely! Until the funds run out? I don't take the risk in such limitation, remember that we can't guarantee profit assurance here and most likely we don't have to rely on everything in crypto. For me, it was insane. If some will do that I'm not sure how he could live, how he could see himself getting embarrassed and full of regrets. Although we think that Bitcoin will go high but wondering if that person could still be patient waiting for that moment to come. Just to say that invest only the money that we can afford to lose while you are spending all of your money for this risky investment is not really a good idea.
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Woodie
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May 26, 2021, 02:51:01 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
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speedforce
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May 26, 2021, 06:44:09 PM |
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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.
Even the indicator said its oversold, sometimes the crash could be dipper. The idea of buy dip is to average down your average buying, so every dip you buy its not bad, just dont all in on any dip.
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