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Author Topic: ever heard of this "buy at dip and be rich in the future"  (Read 707 times)
Victorik
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May 02, 2022, 04:26:48 PM
 #41

You don't just jump into buying a coin because it dipped. Buy only a coin with potential, not every coin will do well. Some never recover after a major dip.
Anyways, now that you have bought, the best you can do is watch it and hope it pump.

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May 02, 2022, 04:29:06 PM
 #42

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?

It's only been a month since you buy it in April and now you started to doubt cryptocurrency, the one that is wrong is your impatience because if you want to be rich you can't hope it will always happen in a short time. Just relax and leave your asset for 2-3 years because like what you said "rich in the future", Don't forget to use money that you can afford to lose.

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pawanjain
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May 02, 2022, 04:46:39 PM
 #43

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?

What you did wrong was going all in just a short span of time. You thought that the market wouldn't go further down and went all in.
But this is crypto and things go in opposite direction all the time. So the market fell further and prices of altcoins dipped further.
So what you had to do was buy some and wait to keep a track of prices. After some weeks buy some more if market falls further.
Keep monitoring and buy back more if it still falls. Never go all in at once.

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popeye95
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May 02, 2022, 04:48:18 PM
 #44

It wasn't the right decision atm to invest more into the cryptos. There are many dips here and there since the market isn't lively as it used to be after the peak last year. Most investors I know just hold on to their bag. Only buy in the dips if you think that coin is undervalued atm and will have a strong recovery after a set of time, either for the short term or the long term.
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May 02, 2022, 05:04:58 PM
 #45

You don't just jump into buying a coin because it dipped. Buy only a coin with potential, not every coin will do well. Some never recover after a major dip.
Anyways, now that you have bought, the best you can do is watch it and hope it pump.
If after buying and just watching a decline, then it is a loss for those who do not have extra patience, because the recovery in the market only occurs in good coins and those with strong fundamentals.
So it's true as you said that not all coins can work so just need to look at a few and those are the coins that are in the top 10 circle.



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Frengki_cisco
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May 02, 2022, 05:45:54 PM
 #46

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?
I've seen and read how people trade cheap crypto at buy and get rich.

My memory, that person bought some crypto that has potential in the market, that person took 1 year to invest with his capital $10,000 he got $30,000 in return.

For example, you buy AXS and SOL, maybe in 1 or 2 years you can be like the people I said.

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May 02, 2022, 06:21:10 PM
 #47

indeed when you want to get a lot of profit you have to buy it at a low price or when the cryptocurrency price collapses, it's just that until now crypto price movements are very difficult to predict so no one knows when the price collapse will occur.

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May 02, 2022, 09:29:12 PM
 #48

The gold rule is to buy low, sell high and you have done it in the right way. It is not your fault if the market keeps going down every day, the market has no dip point because charts are processed with the demand/supply based on human nature. If you don't want to wait for altcoin season, just go futures and sell any coin for the future perspective based on your assumptions. Otherwise, wait for the dip point and invest more when it goes below your support line on charts.

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May 02, 2022, 09:47:04 PM
 #49

ever heard of this "buy at dip and be rich in the future"
Yes, I ever heard about this. And this happened to several cryptocurrency holders. They are:
Bitcoin holders from past
- Ethereum holders
- Doge holders from the past, not the one that bought Doge in the top  Grin

But you know, if it is about other cryptocurrency investments, there is no guarantee. because other cryptocurrencies may be dead coins or tokens in the future although, in current condition, the tokens may be very valuable. The time will tell which coin or token is actually worthy enough. But for me, Bitcoin is the most and the only one.
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May 02, 2022, 11:11:30 PM
 #50

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?
You should have researched more and make a good analysis before buying all those coins. Except for bitcoin because its always the best asset in crypto. But for most of the coins you have bought, i guess you let other people influenced you and from it, you made a wrong decision following them. You're acting like a newbie when in fact you should be wiser than them. I guess as long as you will never sell them in low prices, that way you will never resort into losses.

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May 02, 2022, 11:14:36 PM
 #51

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?
You should have researched more and make a good analysis before buying all those coins. Except for bitcoin because its always the best asset in crypto. But for most of the coins you have bought, i guess you let other people influenced you and from it, you made a wrong decision following them. You're acting like a newbie when in fact you should be wiser than them. I guess as long as you will never sell them in low prices, that way you will never resort into losses.

From his list, for me, it is not bad at all. Maybe, the OP is looking at this early return of his investments. Most of the time, these alts will bounce back few months after. But if you are expecting to gain after a month, then, maybe, you are looking at this market in the wrong way. You can't expect that after a month you bought those coins, it will give you profit that you want. So in this case, he needs to wait when the market is starting to be bullish again.
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May 02, 2022, 11:29:32 PM
 #52

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?

It's only been a month since you buy it in April and now you started to doubt cryptocurrency, the one that is wrong is your impatience because if you want to be rich you can't hope it will always happen in a short time. Just relax and leave your asset for 2-3 years because like what you said "rich in the future", Don't forget to use money that you can afford to lose.
True, I though OP believe in those project because he thinks that those tokens has potentials and after a month and a dip he doubt the projects. OP could be smart with his investments by doing a stop loss but it would automatically result in a loss. I have many long term projects investment and I don't fear dips and dumps that much because it is how market cycle works, Thankfully my long term investment such as luna, bitcoin and eth brings me pretty good profit for years of holding it and never doubt it.

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May 02, 2022, 11:34:52 PM
 #53

You bought that at the peak price and that's why your portfolios were also decreasing. You ca't be patience waiting for that to go to the dip price. So, that sentence was true but the implementation depends on yours.
You can't blame it as yourself that will know how dip must become the rate to enter into the market. you have said you didn't know the lowest point and that you have spread your buy orders in all of days in april. I guess the only profit buyers when you bought tokens at the end of april when the big dump was occuring to the market. You must learn TA and FA.
You must also be patience once you see that bearish trend already started

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iv4n
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May 03, 2022, 07:33:57 AM
 #54

I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?

You thought you are buying the dip, which wasn't the case! You didn't do anything wrong, if you sell now it would be a wrong decision! What you should do now is take a break and be patient, if you have more money you can invest more in this dip, it's how you strengthen your position and prepare for the future!

I guess we will have a turbulent year, and I expect the same in the next year when it comes to the crypto market! We will have green days, but I think we didn't see the biggest dips yet, I expect some big drops in the next 2 years! The time when we will see who has strong hands and who is weak!

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May 03, 2022, 08:12:03 AM
 #55

No one knows what will be the lowest point of the market. The market has been declining for some time. You've got a lot of suggestions here. You can make a decision based on these. But before that proper research and well observation should be done about the market.

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CapGelatik
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May 03, 2022, 08:52:06 AM
 #56

indeed when you want to get a lot of profit you have to buy it at a low price or when the cryptocurrency price collapses, it's just that until now crypto price movements are very difficult to predict so no one knows when the price collapse will occur.
I think to buy coins we don't have to wait when conditions are collapsing,
when the market is correcting that's when we can take advantage of that time to buy some potential coins,
and most importantly before that it is necessary to do research first

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May 03, 2022, 11:41:26 AM
 #57

You should also keep in mind we never know where the market will stop and bounce back. Buy at the dip is always a good choice to make big gains when the market turned bull so always start with part buying and do not buy all the coins in one shot buy on every dip so that you can also reduce the average buying cost.

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May 03, 2022, 12:02:34 PM
 #58

No one knows what will be the lowest point of the market. The market has been declining for some time. You've got a lot of suggestions here. You can make a decision based on these. But before that proper research and well observation should be done about the market.
If you want to take advantage of buying at low prices on good coins I think it is very appropriate for now and there is no need to do more research because I fear that before making a purchase, the market has started to move up again although at this time there is not sign of any movement in the market.

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May 03, 2022, 12:38:55 PM
 #59

Yes, we are taught to "buy low, sell high." It is critical to have a strategy or set of guidelines for dealing with bitcoin; after all, we are dealing with real money, not a joke. It's amusing because many people believe it's a hoax, but it isn't; in fact, you can benefit nicely from it. Simply wait for the coin you want to buy to dip, then grab as many as you want; time goes so quickly, so just wait for it to pump, then boom! Happy earnings  Wink
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May 03, 2022, 12:53:35 PM
 #60

No one can determine the lowest point. Everyone is always waiting for a market correction and investing for the long term, but many people are nervous because the market seems to be looking downhill. But now that your steps are not wrong, you have created a portfolio with several Altcoins and Bitcoins. You make a long term investment, in the future bitcoin will experience a new ATH point and that is where you take profit. Don't sell if you are still losing money, patience is the main key to success in crypto. And don't get carried away by your emotions because your assets are running low, the most important thing is that the hold decision will not change even if there are difficulties.

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