ever heard of this "buy at dip and be rich in the future"

[WalkerIVIV]

I do know how frustated you are after saw your portfolios were decreasing a lot. I will not blame you for this caused by anyone can make any mistake.
You must remember about how to know when the market was on the bottom or top. You must also know about this to make yourself can know whether the market was on the bearish or bullish trend as well.
From this you can try to buy when it was getting lower. You are doing the reverse thing by buying from the top to the bottom.

[Similificator]

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.

The problem is that there is no such way to exactly pinpoint the right time to buy since this market is very volatile and dozens of indicators can only do so much to get us near that bottom. I get your point though, knowledge about basic trading is a must and would give us a lot of advantage. But the main takeaway is that no matter how many your indicators are, there will always be some times that the market won't follow your prediction which you have gotten from your favorite indicators; at some point there will be trades where you'll lose. So the best solution is to have a trading or holding plan tied to your portfolios and only invest amounts the you can afford to lose.

[D ltr]

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 not wrong, my friend, as long as you survive in various shocks, where I have experienced it, I bought bitcoins in not large amounts but in 2021 I got extraordinary profits, I got 2x profits from holding bitcoins for the last 2 years

[max6575]

as with the schemes similar with the customs of positivity investors might work on commitment as following reference with the message on release from th e parochy with the believe as building of normative institution with the market of crypto finance have with the dedication on hard level of efficiency as returns on positive consequence as work on modification by the berauchratics of commission with field of framework on manage with the modulation.

[bitzizzix]

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?

If your goal is for the long term, I don't think there's anything wrong with your decision and other reasons so far there hasn't been a very significant decline. So as long as there's a downturn your decision is good in my opinion and once you buy on a downturn and there's another dip, it never hurts to buy again to grow your holdings.
and all that for long term goals and i am sure all the coins you choose will go up especially on bitcoin which affects other coins and only time will tell all, and it will definitely happen and you have to be patient.

[tvplus006]

...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 buy from support when the price has stopped falling and there is a reversal pattern. But even in this case, it is necessary to set a stop loss, which should be located below the support level, since the price may continue to decline. Thus, you should have limited your losses from an unsuccessfully opened order.

[fullhdpixel]

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$.

There is really no way that you would be able to know when there would be a dip. Most people who keep looking for the market to dip ends up missing the opportunity they would have had. Sometimes we think that the price would continue to fall, but it wouldn’t fall as much as we expected it to, it would reverse and starts going up.

I have seen such happen several times, so it’s usually best to just invest whenever you feel that you are comfortable with it. If you have the money to invest in the market you should go ahead and do so and not wait for any dip, except when you are very short of it.

[lobo13hf]

You're making a mistake. You didn't know how low it will go and im sure that you are trying your luck by always spreading your money to buy the tokens at any level. I think that you must wait until your portfolios will make you able to recover your money again. Just try to make you remember if you are still in the bearish market. Anything can happen anytime and your portfolios can turn from negative to the positive in a short time.

[RealMalatesta]

Even the price is in dip we're not certain if thats the bottom or the price will still go down further. The point is you bought these coins in dip, but clearly not the bottom. Its understandable to have worries but thats how the market works, really unpredicted. What you can do is to be patient and forget for a while the market so it wont give you stress.

The prices of these coins will recover back. Just wait for that moment if you really want to gain with your investment.

This isn't really the "dip" for the time being, but it is as low as it will get for a while. The difference between the dip and the bottom is that the dip is when it goes down a hefty amount which it did so far, we were 48k just recently and now we are at 39k so that's a dip, the bottom however is the lowest amount we will reach for a long long time, not just going down, it is the lowest point of maybe like 6 months or a year and we call that a bottom.

We are not at the bottom if you ask me, but we dipped for sure. I rather buy at the bottom than buy at the dip, because dip could fail to recover and dip some more but the bottom is the bottom and can't go down further.

[Jackl87]

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?

If you believe that the markets will recover and that we are seeing prices in the future again that are significantly higher than the prices at the moment, then you definitely did the right thing to have invested into the coins that you listed above. All of them are solid projects in my opinion. I guess the vast majority of the users on this forum will agree that the prices of cryptos will start to go up again sooner or later. So it's definitely better to invest now then in a bull market because of FOMO. Of course it is also obvious that you will probably never really hit the all time low for buying and the all time high for selling, because that is almost impossible.

[Leo]

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?

All the above coin that you have listed have good potential you do not need to blame yourself, the only coin that I think that may not do well among them is ftm it keeps going down, the bottom is not yet there, almost all coin are down due to bitcoin movement, just hold and you will be glad you did

[FairUser]

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?

First of all, I think you need to rethink your investment plan in this market. How long do you hope you will stick with this market to make a profit when you have bought them at times when you need financial balance for personal life or investments? Never risk your own money as long as you live well without making it difficult for yourself. I find this often happens with new entrants to this market when they are drawn and want to get rich. They work quickly but do not study carefully, so greed makes them lose more, while many people are still happy with the profits they have made.

[lablab03]

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 have doubts coz you see it continually decreasing after you bought. But for me it's right decision and you must have patience on this situation especially on this current situation that market still suffering from bear . As the matter of fact those coins has good history and they're very optimistic last year so don't regrets based on its situation these days just keep holding.

[MonsterV]

I personally don’t think that this is a wrong decision. But, it doesn’t necessarily mean that buying at dip is always a right move as well. Before even following any advice or saying, analyzation should be done first, because it is not likely to happen to have same situation every time different persons try to make investment. In your case, OP, be patient. Investment progress can’t be all seen in just a short period of time, some really takes time to prosper. Let this be a reminder to us all.

[Oasisman]

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?

How come you knew you have coins with good potential and you didn't that the market could go up and down?
You have not done wrong yet, until you don't sell.
You're not in a trouble yet as long as you keep holding it when the price dips.
 I guess you need to stop staring at your portfolio percentage loss, and focus on the market. Keep monitoring the price until your reach your target.
Only thing you don't want to do now, is to sell just to cover further losses.

[safari88]

I think that OP may have based his decision on popular opinions of the forum users, which is which to have great potential and profitability. While it is not wrong to look on others’ prospect, it is essential that you do your own research too, and make sure that you understand what you are getting into. I would agree with @Oasisman, as long as you don’t impulsively sell, you are still in good place. Also, try to avoid doing things that could trigger your emotions into feeding your mind that you are losing more, because that could lead to making impulsive actions.

[Sled]

I personally don’t think that this is a wrong decision. But, it doesn’t necessarily mean that buying at dip is always a right move as well. Before even following any advice or saying, analyzation should be done first, because it is not likely to happen to have same situation every time different persons try to make investment. In your case, OP, be patient. Investment progress can’t be all seen in just a short period of time, some really takes time to prosper. Let this be a reminder to us all.

Not the right way if you bought the wrong coins. But for as long as you bought those potential coins you're certainly be making a good profit in the future. And becoming rich is not possible as this is already happening to some investors and holders. Imagine, if we bought Bitcoin at $20k and sell them during the ATH at $60k +, we don't just double our money but we make it triple.

But yeah, buying the dip will also matter on what coin/s we bought and how long we could extend your patience.

[777Jolami]

although the market is falling but for those who want to invest bitcoin at the current price in the market will provide many profit opportunities, Many people get rich by taking advantage of the opportunity to invest in bitcoin, but must know waiting patiently for long time.  So buy now and be rich in the future.

[rozak]

But yeah, buying the dip will also matter on what coin/s we bought and how long we could extend your patience.

moreover, we never know the lowest price that a coin can reach. although according to some people the price is already cheap, the market can give a cheaper price if we are patient to wait.
you are right, we can buy assets when the dump occurs. but the patience to wait for the market to grow again, most people do not have. market progress that we cannot predict. lots of analysis but most of it will end zonk.

[Ararbermas]

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 a good choice mate, but i suggest understand the fact that market still on reversal state reason all cryptocurrency is keep falling as well.

Actually no one knows these will gonna happen because indeed the market is almost ready to bullish last month if it didn't fails. So better to keep holding and be patient because as usual this is always a temporary situation and soon market will make new trend again.