Learning from the dip

[jordansteph]

I bought some coin recently believing I’m buying from the dip but to my surprise this just keep dipping. MY DIP HAS TURNED TO THE DIPPER, EVEN THE DIPPEST.


Lesson
1. Avoid falling prey to FOMO: Almost every investors see a bearish market as a means of entering the market. In dip period like this, everyone will love to buy and keep. Most go any length to get money to buy from this dip out of the fear of missing out. This make some to borrow money to invest which can be risky.

2. Never borrow money to invest in cryptocurrency: This is a big risk and may cause serious issue if bearish continues and more dip is seen.

3. Never use all investment in buying crypto believing it will rise soon: This also affect some people. They try to invest big in dip believing it will rise quickly so they can sell for huge profit but most end up losing to the bearish market.

4. Always use DCA (Dollar Cost Average) when buying any crypto in a bearish market: This enable you to manage your lost if more bearish is seen.

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[mk4]

4. Always use DCA when buying any crypto (Dollar cost average) in a bearish market: This enable you to manage your lost if more bearish is seen.

Or just DCA in general regardless if we're in a bear market or a bull market. One of the main points of doing DCA is that you have no idea what the markets will do hence you're putting money in regardless of price and market sentiment.

[The Cryptovator]

There is no endpoint of the dip. Be ready to accumulate some in every dip. I did the same, I was buying almost in very dip, but the market becomes more dip where my funds were empty. I failed to accumulate in the last dip. Personally, I believe we all can't buy during the bottom, the reason is we don't know exactly the bottom range. So this is a lesson that doesn't invest all in dip, then you may miss the real dip.

[masulum]

Well, no. 3 is points that might be need to be remember for newbie. Latest case happens to LUNA, when Luna down, people trying to buy, they are thinking if LUNA price will be back soon. In the end, they are loss a lot of money. Stop loss is imporfan if the price is bad. This case will be have a a good lelearning to us to not to put all of money in one place and they need to set a stoploss

[Coyster]

1. Avoid falling prey to FOMO: Almost every investors see a bearish market as a means of entering the market. In dip period like this, everyone will love to buy and keep. Most go any length to get money to buy from this dip out of the fear of missing out. This make some to borrow money to invest which can be risky.

While borrowing money to invest in crypto is somewhat of a 'crime' nobody should think of, if you are accumulating Bitcoin in this dip (of course with your own money), you are doing absolutely nothing wrong, whether you are doing it out of fear of missing out or whatever, the only thing to note is that you should never expect quick returns, or hope to jump on sudden wealth, that is not going to happen, grow a Bitcoin porfolio, it doesn't matter the pace at which you do it, you are actually not supposed to even go in all at once, that would be investing more than you can afford to lose. DCA works perfectly, you can buy slowly but surely and hodl for the long term.

Latest case happens to LUNA, when Luna down, people trying to buy, they are thinking if LUNA price will be back soon. In the end, they are loss a lot of money.

Luna has been in the news for a couple of weeks now (for obvious reasons), what happened to Luna can happen to any altcoin/shitcoin, and that is what investors fail to understand, sooner rather than later another altcoin is going to come on scene, create some hype while investors start putting their money there, after a while it crashes just like Luna did, rinse and repeat; investors need to understand that the problem isn't with Luna, but it is that most altcoins have no actual utility, and as such you can't expect them not to dump.

[bitmover]

4. Always use DCA when buying any crypto (Dollar cost average) in a bearish market: This enable you to manage your lost if more bearish is seen.

Or just DCA in general regardless if we're in a bear market or a bull market. One of the main points of doing DCA is that you have no idea what the markets will do hence you're putting money in regardless of price and market sentiment.

This is good strategy as long as you don't put more money than you can afford to lose.

Or soon he will be crazy about how much money is "losing".

It is also important to use only in an asset which you clearly have a long term objective. I would never try to do stuff like that in high-risky altcoins

[hatshepsut93]

DCA is not an objectively the best method to invest. It's quite possible that the market could suddenly reverse and you will be buying Bitcoin for an increasingly higher price, thus having less coins than if you invested with more money earlier.

Both DCA and lump sum investing have their own merits, but what's really important is waiting - not selling BTC if you are at a loss, not basing your decisions on media hype and narratives - simply wait for years, and take profits during bull markets if you want to spend your money.

[Marvelman]

4. Always use DCA when buying any crypto (Dollar cost average) in a bearish market: This enable you to manage your lost if more bearish is seen.

Or just DCA in general regardless if we're in a bear market or a bull market. One of the main points of doing DCA is that you have no idea what the markets will do hence you're putting money in regardless of price and market sentiment.

This is good strategy as long as you don't put more money than you can afford to lose.

Or soon he will be crazy about how much money is "losing".

It is also important to use only in an asset which you clearly have a long term objective. I would never try to do stuff like that in high-risky altcoins

I think the smart money here is investing in a cryptocurrency that has long-term potential , and which is likely to maintain that potential with minimal risk of permanent loss. I believe Bitcoin is such an opportunity, and expect it to attract an influx of smart investors who, for once, are not expecting a quick return. I think DCA is good strategy because it doesn't require big capital but can still provide a fantastic return if you are patient.

[Yamifoud]

I bought some coin recently believing I’m buying from the dip but to my surprise this just keep dipping. MY DIP HAS TURNED TO THE DIPPER, EVEN THE DIPPEST.
...

You need to learn how to be patient as well.

There are only two possible scenarios that may happen after buying whether it goes up or turn dipper. Now since we are in the bear market, you can really expect more for the dumping trend rather than seeing it moving high.

If we are borrowing money for investment, just be sure that we have backup resources to pay the debts. We can just rely solely on crypto profit alone as we are not even sure about the market trend.

[Lida93]

I bought some coin recently believing I’m buying from the dip but to my surprise this just keep dipping. MY DIP HAS TURNED TO THE DIPPER, EVEN THE DIPPEST.
...

You need to learn how to be patient as well.

There are only two possible scenarios that may happen after buying whether it goes up or turn dipper. Now since we are in the bear market, you can really expect more for the dumping trend rather than seeing it moving high.

If we are borrowing money for investment, just be sure that we have backup resources to pay the debts. We can just rely solely on crypto profit alone as we are not even sure about the market trend.

Many persons investing during the dip period really lack this patience we're talking about, they feel immediately they invest the market was supposed to pump within the next week or two but when the market trend goes contrary to their prediction they start lamenting.

[traderethereum]

That's why you should always do analysis before buying and don't buy in large quantities if you are not sure about the market situation.
This is to anticipate if the coin price continues to decline so that you will get more opportunities to buy at a lower price.
Using DCA might be a solution if you're not too dependent on increases or decreases because your target is to sell it for some time to come and if the price doesn't increase very high, you won't sell it.
But it will all depend on how much money you will invest in crypto and always pay attention to market conditions.

[Oshosondy]

I bought some coin recently believing I’m buying from the dip but to my surprise this just keep dipping. MY DIP HAS TURNED TO THE DIPPER, EVEN THE DIPPEST.

The bear market can last longer than what we are seeing right now, even since yesterday has been a bull market, there can be a bull market that will be further with another bear market in a way the marketcap lost will be more than buying. During bear market period like this, it will most likely not profitable to buy especially altcoins because they are very risky. It is a loss time for many people who are buying coins. There can be more of the bears that may still drive bitcoin below $25000, that will be a massive price downturn for altcoins.

[tranthidung]

Learning from dips is not enough.

People must learn from bottom of bear market to really understand how the market works and how painful it is when they have to sell off their cryptocurrencies at 1/10, 1/100 of their entry prices.

They have to sell of at such terrible lost rates because they bet all money in bull market, and the market goes not in their prediction, they don't have any money reserve to use. So each day, each week, they have to sell their coins for monthly bills and other expenses. Even after selling, they get $100, that means they sell $1000 to get only $100 but no other choice for them.

So, how bullish you are with crypto market, you must reserve money for other things.

[NeuroticFish]

2. Never borrow money to invest in cryptocurrency: This is a big risk and may cause serious issue if bearish continues and more dip is seen.

It's more than that. It's also about "money you don't afford to lose", as we keep saying. It means that if you think that you'll need that money badly in the next months you better stay away. If you don't do that, especially together with point 1 on that list, then you're the perfect target: FOMO-bought high, then got scared for your money (since you don't afford to lose) and sold. Then the price can go up: rinse and repeat.

[sunsilk]

The #1-#3 combines it all that FOMO can make you emotional and thinking that everything is going to soar without learning how the markets work.

When you get to that point of thinking too good to be true because you've just seen how high the market goes, you'll think that if you bet all that you've got, you'll become rich overnight.

That's just a wrong thinking and has been devastating a lot of people, newbies and not. Learn from your mistakes and the mistake of others, it worked for me. But I didn't stopped buying those IMO good to hold and that I like.

[Bitcoin_Arena]

but what's really important is waiting - not selling BTC if you are at a loss, not basing your decisions on media hype and narratives - simply wait for years, and take profits during bull markets if you want to spend your money.

This may apply to Bitcoin and  a few good coins like Ethereum, but certainly not shitcoins, the latest being Luna 

Imagine folks who bought Luna which has been abandoned and is now called LUNA Classic at above $1. Telling them to wait is more like a lie because the shitcoin is never going to recover. It will just keep going down and down as people lost interest in it.

[hatshepsut93]

but what's really important is waiting - not selling BTC if you are at a loss, not basing your decisions on media hype and narratives - simply wait for years, and take profits during bull markets if you want to spend your money.

This may apply to Bitcoin and  a few good coins like Ethereum, but certainly not shitcoins, the latest being Luna 

Imagine folks who bought Luna which has been abandoned and is now called LUNA Classic at above $1. Telling them to wait is more like a lie because the shitcoin is never going to recover. It will just keep going down and down as people lost interest in it.

Everyone is calling Luna a shitcoin these days once it failed, but go back 2 months ago, and most people in crypto sphere believed that Luna is a "good project", that they will be rich and anyone who is not investing is an idiot. How long until Ethereum and other good coins meet the same fate as Luna? Bitcoin is the only constant in crypto, without it crypto will not exist.

[Vaculin]

I bought some coin recently believing I’m buying from the dip but to my surprise this just keep dipping. MY DIP HAS TURNED TO THE DIPPER, EVEN THE DIPPEST.


Lesson
1. Avoid falling prey to FOMO: Almost every investors see a bearish market as a means of entering the market. In dip period like this, everyone will love to buy and keep. Most go any length to get money to buy from this dip out of the fear of missing out. This make some to borrow money to invest which can be risky.

2. Never borrow money to invest in cryptocurrency: This is a big risk and may cause serious issue if bearish continues and more dip is seen.

3. Never use all investment in buying crypto believing it will rise soon: This also affect some people. They try to invest big in dip believing it will rise quickly so they can sell for huge profit but most end up losing to the bearish market.

4. Always use DCA (Dollar Cost Average) when buying any crypto in a bearish market: This enable you to manage your lost if more bearish is seen.

None of us is capable to predict that its already the dippest price, so this is the reason why we should keep on buying in times of dip. And i think there won't be losses for that as long as you hodl them after buying, but if you are planning to sell them after short term hodling, that will certainly bring losses on you because its hard for the coins to recover again once their prices stay in dips. However, if you do DCA, you will never be in a loss, instead you always have the chance to buy just in every price drops.

[Sanitough]

4. Always use DCA when buying any crypto (Dollar cost average) in a bearish market: This enable you to manage your lost if more bearish is seen.

Or just DCA in general regardless if we're in a bear market or a bull market. One of the main points of doing DCA is that you have no idea what the markets will do hence you're putting money in regardless of price and market sentiment.

For me, that is the safest strategy to use because you are only giving yourself more opportunities to earn especially if its bitcoin as you  never miss any chance to buy in every price decline. And this is also a smart move if you have low budget funds as you don't want to buy all in but certainly just buy whenever the price of the coins keeps on dipping. So definitely buying with DCA is always an advantage regardless of how the market we'll be in the next possible days.

[GeorgeJohn]

2. Never borrow money to invest in cryptocurrency: This is a big risk and may cause serious issue if bearish continues and more dip is seen.

I want you guys to cancel such mentality, lending funds to invest in cryptocurrency is not bad, the only thing is that when it result negatively you feel sad, but when it turns positive you will be courageous.

3. Never use all investment in buying crypto believing it will rise soon: This also affect some people. They try to invest big in dip believing it will rise quickly so they can sell for huge profit but most end up losing to the bearish market.

my dear op, anything concerning cryptocurrency investment is all about risk measure, and for you to prosper in cryptocurrency investment you most admit and also be ready to lose, getting lose is one of the basic and general life of cryptocurrency investment, but only thing is that, when investing you most take adequate precautions