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Author Topic: ever heard of this "buy at dip and be rich in the future"  (Read 652 times)
accounting 181293 (OP)
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May 01, 2022, 06:09:12 AM
 #1

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?
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May 01, 2022, 08:17:48 AM
 #2

Yes, People always say buy at dip assuming is a sure way to make a profit. Most of the time, this is wrong. The key to surviving this method is that you should never invest more than you can afford to lose. It's important not to believe 100% of what people/influencers say, but watch how they do it. There is no part of investing that is advised not to read before taking the leap and trying it for yourself. This will take some practice and discipline meaning don't expect to win every time you enter, but just keep trying and persist, at least you have tried the Buy at Dip strategy by not keeping your entire portfolio in one coin so it is completely independent of the movement of one coin if I read above.

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May 01, 2022, 08:30:17 AM
Last edit: May 01, 2022, 08:41:31 AM by Tytanowy Janusz
 #3

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 is what all newbies suggest (provoked by influencers) and all pros are dissuade. You wanna know why? Because newbies leave in perma bull word. SP500 is going parabolic for last 13 years. None of young traders have seen real bear market. Even bitcoin did not saw a real bear markt yet.




Red circle is what people call - buy the dip!! They seams not to realize that its possible for SP500 to dump another 70%. And thats what pros knows because they studied more than 5 years of chart. That whole economy can be trapped in no growth zone for 15 years (like in 1965 -1980). Thats more than whole crypo existance. Where will be your alts after 15 years of bear market and another 50-80% dump? How much will AXS technology be worth after 15 years if 1 years is enough to toss top 100 CMC in a way that no one is able to predict it.

Buying the dip is a risky game. The dip that we will bounce off may be here now, may be at -90% after 10 years of bear market, may never be for some coins...

I'm catching the dip too but I know that we may dump much lower so I'm not using more than 10-20% of money I want to invest in single product and I'm ready for long term accumulation. For example I was accumulatin BNB for more than 2 years before it pumped from 15$ average buy to 600$.
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May 01, 2022, 08:46:14 AM
 #4

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?
Bitcoin was making another jump back in early april and from here i do believe if when you are trying to bought your crypto during all dates in this month and i will believe you will be in a loss right now. I expect if you have bought some even when bitcoin reached 47k at the first week of april and so you have been making wrong decision. Bitcoin is making all of them dumped so hard. You did the right thing when you are buying it right now.


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?
yeah that's caused by you were buying at the top and then the price is falling to the bottom. I would not be surprised to see that another down to come soon. This already expected since last month. You must prepare yourself for another loss that can come to your assets

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May 01, 2022, 09:32:17 AM
 #5

mistakes that occur first when the price is at the peak will make a loss. Study the market first, don't forget before you know the real market

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May 01, 2022, 09:34:09 AM
 #6

Huh I will be frank about this, I don't expect BTC to stay at the 40k range after that ATH of 67000$ months ago, it is impossible, a bigger slower correction must take place, yea you heard me right, it's a must, I expect nothing less than 25k from BTC, call me names but this is for keeping balance sake in crupto world, a new ATH has been made, how can it be so hard to believe that a new ATL must happen too?.

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May 01, 2022, 09:52:29 AM
 #7

what you're doing isn't wrong it's just that the timing isn't right. if you do it now maybe you won't have a big loss. if you still have the funds try to be wiser in the future, and stop for a moment to buy. observe bitcoin movement and wait until the situation gets better. once again what you choose is right.

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May 01, 2022, 10:07:25 AM
 #8

It's no crime buying the dips, this is the way, what you failed to do is monitor Bitcoin, this coin determines how altcoins will perform and now things aren't looking good for Bitcoin and the crypto market in general, your timing is wrong, next time study Bitcoin movements before buying altcoins.
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May 01, 2022, 10:21:59 AM
 #9

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 just bought these coins this month and already you are in doubt about your decision?
Do you think few weeks is enough to determine the success of your investment! Does one month investment sounds like future to you?
Maybe you should reevaluate you investment decision, perhaps you are not ready for long term investment, besides all the coins you mentioned above are solid which can recover quickly once the market is back. So just chill and relax.
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May 01, 2022, 10:41:45 AM
 #10

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?

Don't try to catch the bottom in the crypto market and don't look at the charts all day long. Be psychologically prepared for an even bigger drop in price. If the market falls even lower, it might be a good time to average. Basically you have good coins for long term investing and they are likely to show profit on bull market.
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May 01, 2022, 11:52:12 AM
 #11

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?
We actually don't know what will happened after our decision but upon buying that or doing that decision we know that it is the right decision. You don't do anything wrong and I think this is just a correction and it doesn't mean that it is not going up again besides you should have a stop loss to avoid unnecessary losses.

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May 01, 2022, 11:57:17 AM
 #12

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 assumed what you just did is basically just simply buying without even trying to analyze whether is it really the right time to buy at that certain point. Being said that, you simply did not buy at the right dip, and that there is a possible dip after that dip. Maybe next time, try to do some technical analysis like simple chart patterns or use commonly used indicators to at least know and get the possible right position for you to make an investment.

But since you have invested on I think are very good coins, there are still higher chances of you having profit in a long term. You just have to wait since you just have invested last April which is not too long ago.
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May 01, 2022, 12:07:38 PM
 #13

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 did nothing wrong, everything is perfect, what you need is to have patience because we are in a bear market. So you need to wait till we have a bull run. The problem is that it will happen perhaps in 2024-2025.

Just continue to accumulate and buy as much as you can because it is at a discounted price. You also need to protect your assets, so that when the time comes to sell them, they are still intact and then you can claim your profit after so many years.
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May 01, 2022, 12:16:45 PM
 #14

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?
That's what people feel when they see the price is falling, if you are using that strategy "buy the dip", you should trust the coin you are buying because eventually the bull run will come back and if you are holding a legit coin, you will surely enjoy the profit.

However, there's no guarantee that you will just experience the happy side, make sure also that you ready yourself in case things does not go according to your expectation, because that is investing, there's always a risk of losing.

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May 01, 2022, 12:22:02 PM
 #15

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?
Having a clear plan for an investment is a necessity. I see many people only paying attention to quick money profits but neglecting the necessary knowledge to accompany the financial market sectors. They just hear from someone that profits are easy to come by and they are willing to listen, but they are not aware of the complicated developments that will unfold. Personally, I have a very positive view of this market and believe that it will grow strongly in the future, but the important factor is largely the fact that participants can control themselves to achieve the goals that they desire. We all see that over time and in the future, it will grow more and more. When you are ready to balance your current life and financial investments, you can be completely confident in your future well-bein

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May 01, 2022, 12:22:55 PM
 #16

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 was correct; if feasible, buy again if you have adequate assets, because you will be surprised when the market begins to increase. All you need to do now is be patient and wait for the cryptocurrency market to rebalance, and I am sure you will appreciate it letter after if you are making a lot of money. Just try to be patient; it will heal quickly.

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May 01, 2022, 01:11:19 PM
 #17

Buying the dip is normal for every crypto trader but before taking that step you ought to do some ground work. IMO it is necessary to check the chart/graph of the token in question to know how the coin/token have been performing over time - 1 month, 4 months, 6months then decide if you are actually buying the dip. That helps to determine the lowest dip so far and how many times the dips have taken place within a frame of time. IMO, there is no hard and fast rule concerning buying the dip. Key things to note: Do some research as well as check the chart/graph; Buy what you can afford to loose; Don't put all your eggs in one basket.

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aprilnot
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May 01, 2022, 02:28:35 PM
 #18

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?

yes it is a pretty fatal error. too many coins you bought and it made it worse. Forget buying on a dip, because only a small percentage of people can do it, and the rest are just people like you. if i were you i would start selling them right now and holding stablecoins until the market is really good. forget about how much loss you will receive, because it's too late. currently holding stablecoins is the most appropriate choice.

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May 01, 2022, 02:52:03 PM
 #19

That applies when the market is stable or the market enters in bull market conditions, of course the word is very valid, all technical predictions at that time will be more than 80% accurate. But, right now the bear market is confirmed, where we really stick to the bitcoin chart, if they haven't broken through the resistance to confirm the bull market of course other coins will look sluggish and they will have a hard time getting back up, with this we definitely assume that they say is wrong. What is actually happening is that the current market condition is a bear market.
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May 01, 2022, 02:53:42 PM
 #20

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?

Buy more, that is the best way to cover up for those short term lost. You just have to be patience, you are true that all those who invested before are now millionaires. It is not late for us, crypto is still developing and you might be regretting things in the future if  you don't fill your bags now. Because if you sell, it is a total lost for you, so better buy at different range of lows.

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