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

[kojektea]

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.

Buying when dips is a strategy, but to get it is not only with understanding about analysis or just reading the direction of the coin. but it must also strengthen our decisions by accepting all the risks of what we decide, whatever happens if it's profit and loss is a decision at the beginning, this is even more difficult than getting dips prices. We must be able to control our emotions so as not to be too afraid to make decisions.

[Similificator]

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.

This may really be the case and this is a big problem that newbies need to be careful with. If back then, over shilling and FUDding was already a problem, even more so today. Shilling and FUDding has come to a whole new level being visible almost on every social media platform reaching more newbies than ever before. Which makes newbies make rash or impulsive decisions being emotionally affected easily by the contents they see everywhere. Either due to lack of experience or lack of basic knowledge about the crypto market. A few example of these people would be easily found on the comment box of some of Elon's tweets. There, you will see people talking about how they lost a lot or even lost everything because of taking Elon's trolling seriously.

[MinMan]

Yes, a lot of people do say that, but it is not something that works in every situation. There are some cryptocurrencies that you would invest your money in and they wouldn’t make you that profit. So, if you’re going to do such a thing you should be only selecting those coins that would be likely to increase in the future.

Take for example Bitcoin, although the price has been going down as of recent because the market has been bearish, but everybody has this confidence that in the future Bitcoin would increase again. But, that’s not the same with altcoins, people do not have that kind of confidence with them, nobody even knows what would be their future, Except for a few of them.

[abel1337]

Yes, a lot of people do say that, but it is not something that works in every situation. There are some cryptocurrencies that you would invest your money in and they wouldn’t make you that profit. So, if you’re going to do such a thing you should be only selecting those coins that would be likely to increase in the future.

Take for example Bitcoin, although the price has been going down as of recent because the market has been bearish, but everybody has this confidence that in the future Bitcoin would increase again. But, that’s not the same with altcoins, people do not have that kind of confidence with them, nobody even knows what would be their future, Except for a few of them.

Well, Bitcoin is an easy choice for a saying like this because the world has started to adopt it and start using it but yeah altcoin is different. There are a vast choices among altcoins and choosing some is a hard thing to do especially if you are planning to be rich in the future, It means that the altcoin you will choose would potentially go 1000% in your initial buying price. There are many web3 projects that rise in the recent pumps and I think there are still untouched (haven't pumped) projects that has still potentials. It will be up to you in finding them, Research everything until you are satisfied and make a choice!

[Finestream]

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 enough that you could buy all the potential coins and keep them. You should have bought them when the market is in a bearish state or when there are dips happening. But as you've said you didn't know if its the lowest or not, so always be ready that you may lose this time indirectly. Although you won't be in a total loss if you'll never sell them, but the next time you started buying, make sure you do a good research first before making decisions.

[Kasabus]

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?

This is natural in a volatile market, the prices will always fluctuate so you won't have to expect that it will always stay on top, or in the bottom price. As long as you are sure on your investments and you think they have big rooms to grow, just stay patient and keep hodling them. You will only experience being profitable when their prices have started surging, and when the market turns to bullish, that's the best time to sell and make profits.

[bitcrystal]

one honest question is that are you really to go long erm or you just want to make a quick profit? nothing seems cool about the bitcoin chart

[South Park]

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 do not really see what relationship has the title of this thread and your question, you invested in several altcoins and all those altcoins are going down in value, did you not even considered this possibility? When you invest there are only three possible outcomes, to obtain profits, to lose money or to breakeven, obviously every single person is trying to earn money but the majority losses money, what does your strategy tells you to do under the current circumstances? Or are you going to tell us that you did not had a stop loss strategy when investing in those coins?

[BuNga_cute]

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 enough that you could buy all the potential coins and keep them. You should have bought them when the market is in a bearish state or when there are dips happening. But as you've said you didn't know if its the lowest or not, so always be ready that you may lose this time indirectly. Although you won't be in a total loss if you'll never sell them, but the next time you started buying, make sure you do a good research first before making decisions.

It's true that we should not rush to buy coins if we are not sure that the coins are at a low price. We must be careful when investing in crypto,
don't we make the wrong decisions. Do the analysis correctly, to make sure we buy at low prices. But if indeed we have bought coins,
but it turns out the price is still going down even more. What we can do is buy the coins again at a lower price, or if we don't have any more capital,
we just need to hold the coins until the price goes up again. Because as long as we don't sell the coins we have, even though the price is down,
we haven't suffered a loss. But the problem is that not all altcoins are good for us to hold in the long term, there are some coins that we really
should cut loss if the price drops, to prevent bigger losses. Because some coins are indeed difficult to recover if they fall, for that make sure
we choose potential coins if we don't want to lose because we have to do a cutloss.

[lienfaye]

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?

This is natural in a volatile market, the prices will always fluctuate so you won't have to expect that it will always stay on top, or in the bottom price. As long as you are sure on your investments and you think they have big rooms to grow, just stay patient and keep hodling them. You will only experience being profitable when their prices have started surging, and when the market turns to bullish, that's the best time to sell and make profits.

I think he's not prepared for the worse situation that can happen. He is worried the value of the coins that he bought is turning down and it seems it surprised him.

We know crypto is high volatile hence if he did a bit research on what to expect then he will not be surprise for the possible outcome. On the other side, as an investor if we're confident on the coins that we bought then even the price is declining we wont be worried and will just wait for it to recover again.

[nimogsm]

It may be worth buying assets in several stages rather than at one time.The situation that is on the market now proves it.Always keep dollars in stock for which you can buy cheaper tokens, so the losses will eventually be less and it will be easier to fix the income.

[kryptocanon]

 :'(I think you made the right decision as you bought into some good coins. Now all you hot to do is Neflix&Chill..lol while you watch your money grows to become rich in the nearest future as predicted. Sounds funny but its the truth though.

[Rengga Jati]

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

Yes, it's a common opinion.
ANd this will be true if the crypto that we bought is not shitcoin or dead-end coins. But the crypto that we bought is the one that has real value, is precious, fundamental, and also trust.
And I personally will only prefer to choose Bitcoin and BNB for long term investment in the future by buing them at the dp

[Similificator]

:'(I think you made the right decision as you bought into some good coins. Now all you hot to do is Neflix&Chill..lol while you watch your money grows to become rich in the nearest future as predicted. Sounds funny but its the truth though.

If he really did buy at the time of creating this thread, then I must say that he is on tons of red right now. He won't lose money though if he bought on spot and doesn't plan to cut losses. Better scenario is that he bought some good coins when btc dumped and is now watching some greens. Either way, he can just DCA if he did not cut some losses yet. That is if he still has some extra stablecoins or cash to spend and of course, this only applies on spot positions and not on leverage. Not that I am saying you can't DCA on leveraged trades it's just that people don't do it that much including me.

[Gayong88]

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?

Sometimes it is very obvious if a market is doing well or not, other times it can be more subtle. It will always take a serious dip before moving back up, so that means that you should never sell low. Instead, we want to buy when the market is down and sell when it's up, so that way when it goes back up we can multiply investment.

I think basically at this stage you have to take risks and always monitor and look for things that you think can be improved. this is our endeavor in crypto investment endeavor. Always be prepared to control losses, and don't let emotions cloud your judgment when trading. there are always many investment opportunities in this world of money market and if you make smart decisions, you can excel.

[takngantuk]

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 think you should stop. If you keep doing it, you'll regret it. It's not about right or wrong, but you did it at the wrong time. if you did it now, it might be different. but if you wait patiently in the end you will still get the profit. my advice is to stop buying from now on. and sell some of the coins you have, if you need money.

[Lantind]

I think you should stop. If you keep doing it, you'll regret it. It's not about right or wrong, but you did it at the wrong time. if you did it now, it might be different. but if you wait patiently in the end you will still get the profit. my advice is to stop buying from now on. and sell some of the coins you have, if you need money.

If you really need money suddenly, then there is no need to force yourself to buy any coins at this time even though almost all coins are in a very cheap position, because this is about a need, especially if the need is more important than everything, but there is no need for further consideration if in the end you have to have money in cash.

[SistaFista]

Everyone should buy at dip to gain a good profit later, but the problem is, we never know when the dip is.
For example bitcoin price is now around $36k, is it already at the dip ? or not yet the real dip ?
Maybe we can think about strategy in buying the dip. My strategy is we should not use all of our money to buy the dip, because we can buy it again later when the price dip even more. So, accumulating slowly is a good way to buy the dip.

[max6575]

different level of moderation as investors manage with uses of subjective properties as appealing outsider actors while managing perseverance of security resistance within the ingroup field of forum; distinguished the dominance level of the actor and comparing expends as the weakness of relative in group with the cumulative opinion on request with the recalls of exchange as the excessive measures on absence of the dominance influence of modest leader within the group of investors forum.

[Xal0lex]

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?

Your mistake is that you misunderstand this phrase. It says buy at the bottom, not buy when the price falls. These are completely different things. First, you need to determine where the bottom might be, and to do that you need to be able to read charts and be aware of market trends and investor sentiment. Usually, they say about those who buy like you, that he waited for the bottom and got the second bottom as a present.

If you look at the market conditions, you should have bought in March, not April. That was the month when the market rebounded, and April was essentially for selling.