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Topic: At what point do you stop buying the dip? (Read 695 times)

hero member
Activity: 2562
Merit: 659
Dimon6969
June 14, 2021, 04:13:07 PM
#90
There is no specific time when you stop buying the dip it is just luck which matter. With experience you can somewhat predict the dip and it's range. My suggestion is to analyse the data and market trends, and set a potential limit where you want to buy the coins.  You have to have luck on your side.
We just need to believe that were lucky enough that the price we analyzed is already the dip and the market is going uptrend. The market is too volatile  if we don’t trust our chart or analyzation we will not be able to buy at all. It we fear too much that the price will go dipper then buyback or put some stop loss. Trading is about risk at all.
hero member
Activity: 2618
Merit: 550
There is no specific time when you stop buying the dip it is just luck which matter. With experience you can somewhat predict the dip and it's range. My suggestion is to analyse the data and market trends, and set a potential limit where you want to buy the coins.  You have to have luck on your side.

I think it's:

1 how much profit you believe you will make when you buy the dip.   Then you know how low you have to go.
2 how much of your trading profits you'll lose if the dip is a long term correction
3 how much of your trading profits you'll lose if the dip you buy at is not the larger dip in store before the correction upward
legendary
Activity: 2968
Merit: 1095
Leading Crypto Sports Betting & Casino Platform
i will buy dip when everyone is desperate for what they want, that's when usually the whales come to take the weak hand.

with so many weird topics that i've seen in the last few days i'm wondering when i'll see season of 'weak hands' topics again

I personally, if I trade in a short time, will usually buy a dip when the decline is above 30% in a day.

this reminds me of last month's misfortune, it was a big price drop and even binance froze and I couldn't buy when the price drops to $30,000, I lost big chance and at the same time I lost money because I didn't put Stop - Loss, me I remember being annoyed because I couldn't sell to reduce my loss

There is no specific time when you stop buying the dip it is just luck which matter.

I partially agree, for example if someone were to follow the twitters of certain people it could be possible that this person could buy low and sell high. in the end what matters is being the first to get good or bad news


hero member
Activity: 1232
Merit: 524
There is no specific time when you stop buying the dip it is just luck which matter. With experience you can somewhat predict the dip and it's range. My suggestion is to analyse the data and market trends, and set a potential limit where you want to buy the coins.  You have to have luck on your side.
hero member
Activity: 2618
Merit: 550
no one can guess the crypto market, as well as determine where to stop the dip, therefore I always play it safe, which is to take enough profit, never be greedy to keep waiting for higher

"No one can guess the crypto market"

Yes, I had a gut feeling in May that taking out my profits on the way to 60K BTC and some of the other top coins was good enough.  Then I listened to people that do know more about crypto in general on Youtube, saying that the bull market is still going 4 to 8 months, and that we have about 3 more upward moves/small corrections  to go in this bull cycle.

I hope they are right.  This seems to be the "greed" factor in the fear and greed index.  It's as if making 5x my money wasn't good enough, I had to listen to people saying 100K BTC coin by the end of 2021, lol. 
sr. member
Activity: 1862
Merit: 259
i will buy dip when everyone is desperate for what they want, that's when usually the whales come to take the weak hand.
I personally, if I trade in a short time, will usually buy a dip when the decline is above 30% in a day.
hero member
Activity: 2926
Merit: 636
For campaign management look for Little Mouse!
no one can guess the crypto market, as well as determine where to stop the dip, therefore I always play it safe, which is to take enough profit, never be greedy to keep waiting for higher
That's good, however, you need to make sure you are smart to do some short term trading, doing it is hard than just saying it, I've been there, I was about to sell and take profit but I still held despite my initial plan was to sell when the target is hit.
hero member
Activity: 1638
Merit: 518
before it , u must know where the dip , its not hard to find free signal or even news about price movement , then u must analyze before u take action , and if u bought and the price still down and down, okay , dont overbought , even experts say ,buying crypto assets means being willing to bet you can lose everything.
sr. member
Activity: 1876
Merit: 318
At this point crypto markets seem to be influenced by some speculations, so it's easy to tell when people stop the bearish talk and turn to speak bullish, this should be the time to buy crypto.
The main rule is never to try to catch the falling knife no matter what.. Buying dip is luck + trading skills + experience
Lol I like this, sounds like something I can preach and put into practice
Heh) and I bought my first cryptocurrency just like that (like a joke) and forgot it for 4 month. A couple of months ago I remembered and was glad, regretted that I had bought a little.
Investment on crypto does really need up some sort of luck when you do deal into this market some had anticipated and some do make it as a joke but it turns out that those jokes become the reason for them to make money unexpectedly and to those people who had expected much because they believe
it does have potential do end up on nothing or not getting any value.It is just a matter of some mix luck and of course analysis would really be much
needed because this isnt gambling on where you do just simply pick without any basis.

I agree that investing in crypto sometimes takes luck to make a profit. Because no analysis is 100% accurate, we have done the analysis
and research properly, this does not ensure that we make a profit. Indeed, investing in crypto has a very high risk compared to investing
in other assets. But this is what makes investing in crypto start to be in demand, because there are so many early adopters who think
investing in crypto is a joke. Finally, we were very surprised when the price of the coins we bought rose, and managed to provide a very large profit.
So always use extra money when investing in crypto, so when the price drops we won't panic and can patiently wait until the price goes up again.
hero member
Activity: 2548
Merit: 533
At this point crypto markets seem to be influenced by some speculations, so it's easy to tell when people stop the bearish talk and turn to speak bullish, this should be the time to buy crypto.

The main rule is never to try to catch the falling knife no matter what.. Buying dip is luck + trading skills + experience
Lol I like this, sounds like something I can preach and put into practice
Heh) and I bought my first cryptocurrency just like that (like a joke) and forgot it for 4 month. A couple of months ago I remembered and was glad, regretted that I had bought a little.
Investment on crypto does really need up some sort of luck when you do deal into this market some had anticipated and some do make it as a joke but it turns out that those jokes become the reason for them to make money unexpectedly and to those people who had expected much because they believe
it does have potential do end up on nothing or not getting any value.It is just a matter of some mix luck and of course analysis would really be much
needed because this isnt gambling on where you do just simply pick without any basis.
newbie
Activity: 19
Merit: 0
At this point crypto markets seem to be influenced by some speculations, so it's easy to tell when people stop the bearish talk and turn to speak bullish, this should be the time to buy crypto.

The main rule is never to try to catch the falling knife no matter what.. Buying dip is luck + trading skills + experience
Lol I like this, sounds like something I can preach and put into practice
Heh) and I bought my first cryptocurrency just like that (like a joke) and forgot it for 4 month. A couple of months ago I remembered and was glad, regretted that I had bought a little.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
This is a good time to stop buying and fully observe the current market situation and trend.  Staking/cultivation can be used as leverage for this period.  Recent bitcoin-related problems caused it to drop more than 43% in two weeks.  No one wants to lose their edge when they find the bottom.
Everyone has their own perspective on when to buy and when to sell. Mostly buying occurs during the bear season but so sad that we never see it now coz I think that we are still in the bullish season. Quite to say that we have not to wait for the dip to come again but rather have to take the risk and invest it now. But before that, we have to check the market trend first, and we have to wait for the moment that corrections come as that will be our best position to buy.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
That is probably the biggest issue with the buying the dip strategy, after all the harder the price drops the more you buy and the less cash you have available, so you need to read the market correctly, if you think the dip is going to be too small then you could buy a lot of coins when the dip is just starting and not have enough cash to buy at the ridiculous low prices we got to see during the extreme dips.

But if you have your buy orders too low then you are not going to buy enough bitcoin when it is selling for a discount, so as you can see even buying the dip requires some level of predicting ability about how big the dip will be and this makes it a difficult strategy to implement.
You have to consider income as well when you are making that type of calculation. Not everyone buys millions of dollars, people like me can somehow earn money and put more into crypto as well, which would impact the amount we have. For example my project put aside 250 dollars worth of BNB during this period, hopefully we can increase that when the price goes down, I personally bought 50 bucks more, these are all income related stuff. Sure some people have tens of thousands of dollars, hundreds of thousands of dollars, even millions however not everyone is like that and even the people like that usually can find some more. But, if you end up with nothing, and you have nothing to put once again then this problem is still not a problem, let it fall.

If you bought at 100, then it dropped to 90 and you bought again, then at 80 then at 70 then at 60 and you run out of money but it goes to 30, just wait for it to go back above 100 and you would be in big profit anyway, so there is no rushing, just wait.
member
Activity: 588
Merit: 10
-ethernity cloud-
Been in this space since 2016 so I experience the bull run of 2017.  To me it felt good enough back in early May and I was content that maybe we were at the top for this one.  Then I started watching some YouTube videos that made it seem like we were in for a few more corrections. This "made sense" and was buying the dip when it went below the 50 K range.  But it seems if I keep buying, I will be eating up more of my profits now than I want to spend.  There is a price point where the money one spends to buy the dip comes out of one's profits so much that one is no longer making as much money to make one's time worth it.  

I learned that buying the dip on a site like coinbase isn't as good as setting limit orders because with them you can buy at a much lower point in the future and see if the market hits it or not.   If it doesn't then you can buy as needed.  If it does then you've saved a lot of money that dollar cost averaging would have cost you.

I bought in the 40K range and now it is in the 30K range.    


So sorry for your lose, but this situation is the same for most of the people who invest in bitcoin. I have never imagined after the ATH, bitcoin price decrease in no time.
I really hope this dip won't last long and market will be better this month and the following.
hero member
Activity: 2702
Merit: 704
Well, for me, i don't think there should be a point where stops buying the dip as long as its dip we talking about, personally, the only time i will stop buying the dip is when i ran out of cash to buy, but this depends on the coin am buying though, here we are using bitcoin as an example, the only time i stop buying bitcoins dip is when i ran out of cash, buying even at a lower price after youve initially bought higher is even a blessing in disguise as this helps bring down your average buying price which in turn creates room for more profit when eventually price begins to go up.
but if its an altcoin that is not well trusted yet, i definitely would want to find out why price keeps dipping and what i find out will determine if i should keep buying the dip or just relax and wait for my selling price or even panic sell so as to buy in at a cheaper price later.

Thats also my strategy, but now im run out of cash, so i hope theres enough time for me to have another entry before another rally happens.
That is probably the biggest issue with the buying the dip strategy, after all the harder the price drops the more you buy and the less cash you have available, so you need to read the market correctly, if you think the dip is going to be too small then you could buy a lot of coins when the dip is just starting and not have enough cash to buy at the ridiculous low prices we got to see during the extreme dips.

But if you have your buy orders too low then you are not going to buy enough bitcoin when it is selling for a discount, so as you can see even buying the dip requires some level of predicting ability about how big the dip will be and this makes it a difficult strategy to implement.
legendary
Activity: 2394
Merit: 1358
I think its far better to buy dip towards bull markets (so in bear market). When you try to find dip in bull market, consider april this year, it was very risky and pretty sure some new investors didn't make money, instead they lost half of their initial investment.
This is a good time to stop buying and fully observe the current market situation and trend.  Staking/cultivation can be used as leverage for this period.  Recent bitcoin-related problems caused it to drop more than 43% in two weeks.  No one wants to lose their edge when they find the bottom.
Sometimes its better to observe, I agree.
full member
Activity: 784
Merit: 108
This is a good time to stop buying and fully observe the current market situation and trend.  Staking/cultivation can be used as leverage for this period.  Recent bitcoin-related problems caused it to drop more than 43% in two weeks.  No one wants to lose their edge when they find the bottom.
legendary
Activity: 2758
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Been in this space since 2016 so I experience the bull run of 2017.  To me it felt good enough back in early May and I was content that maybe we were at the top for this one.  Then I started watching some YouTube videos that made it seem like we were in for a few more corrections. This "made sense" and was buying the dip when it went below the 50 K range.  But it seems if I keep buying, I will be eating up more of my profits now than I want to spend.  There is a price point where the money one spends to buy the dip comes out of one's profits so much that one is no longer making as much money to make one's time worth it.  
I learned that buying the dip on a site like coinbase isn't as good as setting limit orders because with them you can buy at a much lower point in the future and see if the market hits it or not.   If it doesn't then you can buy as needed.  If it does then you've saved a lot of money that dollar cost averaging would have cost you.
I bought in the 40K range and now it is in the 30K range.    

I will never stop buying deep, I think new investors should buy at deep without feeling any hesitation. And everyone should invest their surplus money in Bitcoin if they want to create a beautiful and secure future. I don't think anyone has to be very experienced or have a lot of trading skills to buy deep, these requirements are necessary for short-term traders, but if one wants to make a profit from his investment without having any good skill then I think buying deep is a very suitable decision for him.
I always try to invest in Bitcoin from the money deposited after my monthly expenses, and at every deep, I buy more Bitcoin because I believe that the potential of Bitcoin will reach its peak very soon.
sr. member
Activity: 2436
Merit: 324
I will stop buying at dip anytime I have exhausted the money I safe for such an investment. And one thing I observed in this crypto currency market is when people are saying the market will drop further please buy because that is the moment it will start to rise to the surprise of many.

This is true and these are my indicative signs which i would make a decision to make some buy back on where people are really on fear or hesitance on buying up something.

When it comes to budget then i do strictly follow it up when it comes to finances and wont really go beyond those limits because it would be risky if the market would go even more lower

and besides i would always have a budget when it comes to possible further dips that might happen but since funds is limited then you should really be careful on making decision.
sr. member
Activity: 1444
Merit: 273
Vave.com - Crypto Casino
Sometimes i don't know what is dip of crypto, usually when i see people already talk about price of a coin increased i will stay and look it is good to buy or not. Maybe a little late, but at least not really late because i stand by online in telegram via mobile phone and market because only in home to work. But if i late for a moment, then i will skipped it.
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