At what point do you stop buying the dip? - page 4.

SquallLeonhart

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Quote from: paramind22 on May 23, 2021, 10:09:33 AM

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 never do. Why would I stop buying the dip, it is the dip, and that is why we buy it? I mean sure I buy the "dip" and then it goes down even more, but then I buy some more. Unfortunately I do not have the money for it right now so I can't buy more of this dip, and I understand other people who can't because they lack the funds however if I had the money to buy I would buy some more from here as well, and not just bitcoin I would buy other coins as well then if the price went down a bit more I would buy some more and I would keep doing that over and over and over again for a long period of time because this is the dip and it should be bought constantly.

I would buy it until bitcoin is 5k and ethereum is 100 dollars and bnb is 20 dollars, I would still buy them if I can. Just do that and wait, I am sure sooner or later the price will go up once again.

Roidz

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Quote from: Amejoaquim on May 25, 2021, 03:22:54 AM

When i still have money i can afford to lose i will keep buying the dip,

i don't have limit about it because i believe in the next few years the price will go back to the moon (only top coins), so even though my investment keep droping i believe in the end the price will rise again.

As a trader, it is certainly a good opportunity to buy when a price drop occurs, but the problem is that when the price drops as well as the estimation of assets we have drastically decreases and not a few traders experience panic to cut losses to avoid big losses, if I personally would prefer to buy when the price has really dropped to a low, rather than enter when a dip is occurring.

slaman29

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Quote from: ingiltere on May 24, 2021, 06:21:54 PM

When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.

Well in that case, nobody will be putting money down on limit orders. That's perfectly fine for traders to not know, hence several limit orders and even in both ways.

You're a trader, you have to predict these scenarios, and you always buy the dip.

Not a trader or not willing to take the risk. Dollar cost average. Easy, simple, and it ALWAYS works:)

Amejoaquim

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When i still have money i can afford to lose i will keep buying the dip,

i don't have limit about it because i believe in the next few years the price will go back to the moon (only top coins), so even though my investment keep droping i believe in the end the price will rise again.

killerfrost

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Personally, I think I will be with this market for a long time, so the recent problems of the market did not affect my psychology at all. Moreover, most of my investments in this market are giving very good returns, I am not like everyone when entering this market the price is too high, and that is the reason why my current position at mine are very comfortable with it.

michellee

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Quote from: MCobian on May 25, 2021, 12:44:11 AM

Quote from: ingiltere on May 24, 2021, 06:21:54 PM

When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.

Nobody will ever know the true dip price, it is true even though the altcoins price has dropped very deeply, the price of altcoins could still fall even
lower. Therefore we decide for ourselves the purchase price for each of us. The most important thing when buying coins, don't use all the capital
we have, always leave a little bit in case the price drops even lower. So we can buy again the coins that we bought.

Maybe the big red candle can be a sign for them to buy at a dip because that red candle will appear at the market, so if they can buy at that price, they will expect to buy at a dip. Yes, we do not know when the dipping price comes, but we can buy the coin when the price is down. Even if we do not buy at a dip price, the price will increase and make a profit. Manage our money will be the best thing that we can do to buy at a low price because we will see many times of that low price.

MCobian

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Quote from: ingiltere on May 24, 2021, 06:21:54 PM

When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.

Nobody will ever know the true dip price, it is true even though the altcoins price has dropped very deeply, the price of altcoins could still fall even
lower. Therefore we decide for ourselves the purchase price for each of us. The most important thing when buying coins, don't use all the capital
we have, always leave a little bit in case the price drops even lower. So we can buy again the coins that we bought.

Bitcoinjheta

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You are not new in a crypto world my friend maybe you have much more funds to afford in investing which makes you out of control.There is nothing more you can with that except to wait for the market to bounce back to 40k + or else if that coins that you bought is BTC its good for future earning.

2double0

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I don't buy the dip till it proves me wrong by showing a good reversal candle with enough volume to beat the volume of the lowest red with the biggest volume. I don't buy when I see that the selling pressure is very high and chances of a reversal are not good. It is not a good sign for a trader to go against the trend and try to do something different unless he is too much sure about his step.

ingiltere

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When you don't know anything about where the dip is you shouldn't put all your money for the expectation of buying the dip. Always do your own analysis and don't put all your money in dips. We saw %95 losses on altcoins, you can never be so sure about dips. For BTC 30k looked like a dip but we may see lower prices and when BTC fall down alts fall worse. Buying coins from cheaper prices are always good but it's impossible to guess the dip every time.

livingfree

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Quote from: Hamphser on May 23, 2021, 06:59:03 PM

Quote from: livingfree on May 23, 2021, 06:13:27 PM

That is ok if you've bought at those ranges. You're in for the long term and every single buy you do will count in the future.

I will only stop buying if I don't think that there's no more sense in the market. But that's unlikely to happen for the top coins that we're always talking about.

But for the meme coins and whatsoever, there's really no sense IMO to buy them that's why I'm starting to be more serious with my long term hold.

Will really always vary on what coin you would really be targeting to buy neither a top coins or into those low cap coins or in low ranks.If its really worth to hold or not

but always remember that you should only spent or invest the amount that you can afford to lose or something that you wont rely as a source of income to sustain
your daily living because crypto profits isnt really something that you can rely.

Buying the dip is something that someone cant really do such thing easily since there are several indications for you to consider first before on doing it.

It's hard to maintain the daily living if your main source is crypto. Unless you're very much profitable day trader then things won't be a problem to you.

But for most that don't have a good status in life and relying on crypto, it's like a once in a life time opportunity and for the meantime if the investment and chosen crypto is your biggest bet that might change your life forever. You have to look for a job or any means to sustain your living first.

Roidz

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Quote from: feelideb on May 24, 2021, 08:47:22 AM

At a point where you do not have disposable income to spend! I say this because I assume you must have invested a chuck of your income on a coin like bitcoin, ether, uni etc. When buying opportunity resufaces like it always do, the only logical thing is to buy as much as you can! And for some big risk appetite, tyey may even borrow or sell personal effect to buy the dip!

Do you think the bubble has really burst that you are suggesting selling personal items and putting them in crypto? I think you should wait for the right time if you want to re-enter the market in its current state, some of my friends even did as you said, nyakni sold her motorbike when yesterday bitcoin crashed and invested her money in bitcoin when the price was $40K and of course he regrets what he is doing now because the decline in bitcoin prices has not stopped at this time.

feelideb

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At a point where you do not have disposable income to spend! I say this because I assume you must have invested a chuck of your income on a coin like bitcoin, ether, uni etc. When buying opportunity resufaces like it always do, the only logical thing is to buy as much as you can! And for some big risk appetite, tyey may even borrow or sell personal effect to buy the dip!

Sterbens

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precisely with a decrease like this is the moment to collect lots of coins at a cheap discount. How not, you also know that sharp drops are quite rare and are looking forward to a discount of this magnitude.
if i have big balance in USDT then i have spent all to queue cheaply.

bitterguy28

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Quote from: paramind22 on May 23, 2021, 10:09:33 AM

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

you had been here for long time and just recently that you bought Bitcoin? how come that you wait that long, meaning that you don't trust bitcoin all those time and you change mind after that long.

Quote from: slaman29 on May 24, 2021, 05:54:22 AM

Simple. At the point that you run out of funds that you can afford to lose.

Don't forget the simple basics, people. Invest only what you can afford to lose. Then that way you never regret if things don't work out. And you buy the dip with money you have extra on the side. Wait a couple years or 3 or 4, and then see it all come back up again;)

he already knew that because he had been here since 2016 , he even manage to see that 2017 Pump and also the highest of 2021.

slaman29

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Simple. At the point that you run out of funds that you can afford to lose.

Don't forget the simple basics, people. Invest only what you can afford to lose. Then that way you never regret if things don't work out. And you buy the dip with money you have extra on the side. Wait a couple years or 3 or 4, and then see it all come back up again;)

elda34b

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As others have said, it depends on your risk appetite. If you're fine with your portfolio going down all the way to Bitcoin @$5k, then by all means you can buy them all along. Of course it doesn't mean you can just throwaway your money. You have to buy the assets that you believe to be valuable. Spending $1k to buy Bitcoin is not the same as spending $1k to gamble with shitcoin.

Ararbermas

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News around the internet is the good idea when it comes buying at the dip, because to be honest that how the market works now.. See what happened? What i meant is we need to make research first before buying because nowadays there are some factors the really driving some project in just a simple way especially around the social media . .this is just a friendly reminder mate because for me this is really the most important things to get the right timing in a dip.. Not just using some indicators because it's always too good to be true and to follow what's the main reason why market always going crazy..

michellee

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I think that will depend on how is your feeling. If your feeling says to stop, it is better to stop buying at the dip because you already buy many amounts. But if your feeling says that the price will go down for more, you can prepare to buy more. Maybe we have a different method to know when we decide to stop buying at the dip because that will also depend on the money we have because we do not have to spend all of the money buying at the dip. We need to manage how much money that we can use to buy the coin at the dip.

VanDeinsberg12

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When running out of money I guess, the thing about buying dip is no one really know when we gonna hit rock bottom, it could always go down further but if we're speaking about btc, we can say that it's not gonna go down to below $20,000 due
to this coin already considered as digital gold so whether you bought at $30000 or $40000 doesn't really matter if the price could go back up again

my point being, before buying the dip check the fundamental of a coin, if it's good even if the dip still go deeper its gonna be profitable long term.

Topic: At what point do you stop buying the dip? - page 4. (Read 695 times)