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Author Topic: Are you buying the dip?  (Read 909 times)
Abiky (OP)
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May 16, 2022, 12:15:38 PM
 #1

Major cryptocurrencies have been on a downfall this past week, as investors lost confidence on Terra (LUNA). Bitcoin, as well as, Ethereum, Cardano, and several other "blue chip" coins are being traded at a discount these days. This could be a huge buying opportunity before prices bounce back to their original levels. If Bitcoin is predicted to reach $100k, then imagine how altcoins will rise in price. Buying the dip might be the best thing you could do right now. If you're into crypto for the long haul, you'll know what I'm talking about.

That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks. Smiley

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May 16, 2022, 01:14:24 PM
 #2

If I have excess money of course I will buy more, but unfortunately when it is bearish my money is all invested in altcoins, when there is money in the form of stable coins I will buy ETH or BNB because both coins quickly rise in price when they enter a bull run , besides that the two coins have been adopted en masse in various crypto projects.

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May 16, 2022, 01:26:48 PM
 #3

We've just had a bad day in the markets, honestly I don't dare open my portfolio to see them I had to ignore them these days. Although I know bear season has come and will surely pass, these past few days I have also been a bit worried. Although I dared not look at my portfolio and when bitcoin dropped to 30k I bought myself some more bitcoin and bnb. Luna shocked the whole market and I dared not buy any altcoin, other than my choice of ETH and BNB, I ended up choosing BNB.

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May 16, 2022, 01:49:59 PM
 #4

Now we are in a sideways market and most of the cases in bear territory, so buying should be done very carefully and also do research accurately.
And if you know crypto has good fundamentals, also if you plan to go long term and buy dips in the right crypto, then there is no problem as long as you are consistent.
however don't make random purchases if it is a growth crypto and so far not making real money, here the current price might be tempting but it might also drop further.
in the current situation i just rely on making a dip buy in bitcoin and a bit of ethereum as both will be big coins if it goes up others will surely follow especially on bitcoin.

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May 16, 2022, 02:06:38 PM
 #5

I am disappointed that my assets have decreased by more than 30% during last week's bearish, but I took advantage of the recovery stage to quickly return assets, so I have prepared a lot of USDT to buy dips during the next decline, I am very eagerly waiting for a bear market that will come because of me we have been waiting a long time since the last ATH.
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May 16, 2022, 02:18:51 PM
 #6


That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks. Smiley

no, I don't want to try. maybe you and most think this time has the dip. but for me it makes more sense to buy when the trend has really changed. it might sound like FOMO, but it's better than something like Luna crashing over and over again. bought during the dip, but the price did not stop falling.

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May 16, 2022, 02:31:48 PM
 #7

That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks. Smiley
I recommend Monero, it's the only privacy that matters, rest of the privacy coins are vaporware or have serious flaws that can compromise your anonymity and privacy. i keep filling up my bags with xmr with every dip. Pulled the trigger last week when it went down to 0.004btc, and i'm already in profit since it'll probably touch 0.006 this very same week, i'll probably sell some if it touches .007 and add the rest to the long-term bag.

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May 16, 2022, 02:33:55 PM
 #8

Its a perfect time to buy. If you have bought some days ago, you may have made money since their prices gradually goes up. Its the memecoins that are probably going to die if the bears extends to another month.

I bought some Doge back not a very huge bag but I'm just planing to use it to bet on the betting platform. I think I'm gaining already.

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May 16, 2022, 02:46:23 PM
 #9

Major cryptocurrencies have been on a downfall this past week, as investors lost confidence on Terra (LUNA). Bitcoin, as well as, Ethereum, Cardano, and several other "blue chip" coins are being traded at a discount these days. This could be a huge buying opportunity before prices bounce back to their original levels. If Bitcoin is predicted to reach $100k, then imagine how altcoins will rise in price. Buying the dip might be the best thing you could do right now. If you're into crypto for the long haul, you'll know what I'm talking about.

That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks. Smiley
yes buying at the dip is a good idea, but for me jumping immediately is not a good decision because obviously there's still no a clear sign to enter and the trend of the market as of the moment still the same. So i believe patience is required on these situation IMO, i mean much better to wait for more results to assure everything will gonna be alright.
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May 16, 2022, 02:47:52 PM
 #10

Its a perfect time to buy. If you have bought some days ago, you may have made money since their prices gradually goes up. Its the memecoins that are probably going to die if the bears extends to another month.
I can't imagine what if the bears are extended for another month, we are already very worried about the bear market happening this week so how the bear market will be for the next month. So whatever the market is very potential to be below 20-25k in the month and we will probably add a lot of usdt to buy the dip when the market might hit 20k.

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May 16, 2022, 03:35:32 PM
 #11

Its a perfect time to buy. If you have bought some days ago, you may have made money since their prices gradually goes up. Its the memecoins that are probably going to die if the bears extends to another month.
I can't imagine what if the bears are extended for another month, we are already very worried about the bear market happening this week so how the bear market will be for the next month. So whatever the market is very potential to be below 20-25k in the month and we will probably add a lot of usdt to buy the dip when the market might hit 20k.

With the military situation showing no signs of abating and the upcoming Fed rate hike that will push the USD even higher, there will be pressure on bitcoin and the market. I predict the market will continue to fall, now is still a good time to buy but we should not buy once but use DCA.


Now all coins have dropped a lot so we can buy any coin we are interested in. But IMO bitcoin is still the top choice, maybe bitcoin will fall to 20k-25k zone as you said but bitcoin will bounce back strong when the bull market comes.

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May 16, 2022, 04:07:15 PM
 #12

Buying the dips to be used as long term investment and yeah this is the best thing that i can do that despite a huge dump that is happening in the market but this is also a very big discount for anyone who are willing to put more money to buy cheap tokens in the market.
Anyone can also scalping various crypto right now caused by the movement can be predicted easily for now. After a big dump there will always be a huge pump. Buying the dip was the best choice for me now.

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May 16, 2022, 04:08:47 PM
 #13

Major cryptocurrencies have been on a downfall this past week, as investors lost confidence on Terra (LUNA). Bitcoin, as well as, Ethereum, Cardano, and several other "blue chip" coins are being traded at a discount these days. This could be a huge buying opportunity before prices bounce back to their original levels. If Bitcoin is predicted to reach $100k, then imagine how altcoins will rise in price. Buying the dip might be the best thing you could do right now. If you're into crypto for the long haul, you'll know what I'm talking about.

That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks. Smiley

Always buying the dips just not Alys right now.  There is a ton of downside risk for alts I think this just started.  Stacking sats right now but beyond that I think you are just throwing away money.

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May 16, 2022, 04:13:24 PM
 #14

I am pretty sure quite a lot of people are buying in this dip, many people have identified severe bear periods as a time to accumulate more of their favorite coins as prices are lower, but people still have to be careful with the coins they would be accumulating this bear period, many of the coins that crashed are also pump and dump coins, many of which would not appreciate in price again, even after prices become much better. Thus any investor who buys into such projects would be at the receiving end of it all.

Having said that, i believe so much in the Bitcoin system, so it is the coin i think is great to accumulate more in this dip, it is a long term project, so you do not have to worry much about short term correction periods as it will always appreciate back up. As for altcoin believers, Eth or Dogecoin is actually not a bad idea to throw some more money on.

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May 16, 2022, 04:13:54 PM
 #15

Its a perfect time to buy. If you have bought some days ago, you may have made money since their prices gradually goes up. Its the memecoins that are probably going to die if the bears extends to another month.
If you are holding altcoins, now is a very good time to buy, to average out the purchase price. You just need to buy carefully, in case the market falls further, you should have reserves for additional purchases. This weekend, many altcoins well grown after falling, by 20-30 percent, who took the risk could get a good profit. But the market is too unstable, you need to be very careful and attentive in every transaction.

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May 16, 2022, 04:45:22 PM
 #16

Buying when others feel panic and sell when others staring to FOMO. I just used this worth to trade. I have bought some tokens from the market. I think that anyone should let this best opportunity to go away even when they were saying if the market has a chance to go even deeper but yeah people didn't know how deep the market will be going on and so waiting is the worst thing while others are making profit from the trade. Thanks for luna that has been triggering the big bearish trend like this time.
Will we see another massive dump again to happen with this token? we may see that later. This is just another discount day for the traders.

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May 16, 2022, 04:57:32 PM
Last edit: May 16, 2022, 05:39:46 PM by Metroid
 #17

i'm buying the crash, btc below 10k, buying the dip i will leave to the sheeps, sheeps love paying more for less.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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May 16, 2022, 05:08:19 PM
 #18


That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks. Smiley

no, I don't want to try. maybe you and most think this time has the dip. but for me it makes more sense to buy when the trend has really changed. it might sound like FOMO, but it's better than something like Luna crashing over and over again. bought during the dip, but the price did not stop falling.

Maybe you are one of the victims of Luna who buys when the price is over $ 1, but crypto is not just Luna, there are many that have good potential in this market, especially bitcoin.
As for the altcoin that I want to buy now for the long term, BNB is because it is clearly held by the right people who are good at seeing opportunities and are supported by the largest exchanges today.
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May 16, 2022, 05:14:07 PM
 #19

Buying the dip would make sense nowadays but not with all your money. I would rather DCA my position in instead of throwing a lump sum. Prices are low right now but it might always go lower than this. Sooner or later the markets will go up again and when they do, you'll get mad for not buying more. It happens all the time. Buy the dip indeed but never go all in.

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May 16, 2022, 07:53:45 PM
 #20

Yes, now imagine a situation where you buy cheap coins in the hope that they will return to their original values and they give you new lows. What do you do then? Bitcoin is predicted, it was even predicted when the price was around 40,000 and people also thought it was the bottom and there was a chance to buy cheap coins, but a couple of months passed and those bottom buyers got a new bottom. I'm not sure that right now we've peaked, the market could spin around in the 30-40,000 zone for a bit and then go down to, say, 20,000. I don't need to say that altcoins would lose even more in value from such a scenario. But still I find some prices attractive to buy, but I am afraid to buy a lot, so I would say that this situation is good for partial buying of some altcoins that you are going to buy more if the price falls even lower.

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