ever heard of this "buy at dip and be rich in the future" - page 3.

BuNga_cute

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Quote from: Finestream on May 05, 2022, 04:58:43 PM

Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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.

South Park

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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?

bitcrystal

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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

Kasabus

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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.

Finestream

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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.

abel1337

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Quote from: MinMan on May 05, 2022, 04:00:01 PM

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!

MinMan

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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.

Similificator

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Quote from: safari88 on May 04, 2022, 05:52:36 AM

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.

kojektea

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Quote from: TreyARC on May 01, 2022, 05:07:25 AM

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.

Ararbermas

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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 a good choice mate, but i suggest understand the fact that market still on reversal state reason all cryptocurrency is keep falling as well.

Actually no one knows these will gonna happen because indeed the market is almost ready to bullish last month if it didn't fails. So better to keep holding and be patient because as usual this is always a temporary situation and soon market will make new trend again.

rozak

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Quote from: Sled on May 04, 2022, 07:23:23 AM

But yeah, buying the dip will also matter on what coin/s we bought and how long we could extend your patience.

moreover, we never know the lowest price that a coin can reach. although according to some people the price is already cheap, the market can give a cheaper price if we are patient to wait.
you are right, we can buy assets when the dump occurs. but the patience to wait for the market to grow again, most people do not have. market progress that we cannot predict. lots of analysis but most of it will end zonk.

777Jolami

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although the market is falling but for those who want to invest bitcoin at the current price in the market will provide many profit opportunities, Many people get rich by taking advantage of the opportunity to invest in bitcoin, but must know waiting patiently for long time. So buy now and be rich in the future.

Sled

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Quote from: MonsterV on May 04, 2022, 05:12:20 AM

I personally don’t think that this is a wrong decision. But, it doesn’t necessarily mean that buying at dip is always a right move as well. Before even following any advice or saying, analyzation should be done first, because it is not likely to happen to have same situation every time different persons try to make investment. In your case, OP, be patient. Investment progress can’t be all seen in just a short period of time, some really takes time to prosper. Let this be a reminder to us all.

Not the right way if you bought the wrong coins. But for as long as you bought those potential coins you're certainly be making a good profit in the future. And becoming rich is not possible as this is already happening to some investors and holders. Imagine, if we bought Bitcoin at $20k and sell them during the ATH at $60k +, we don't just double our money but we make it triple.

But yeah, buying the dip will also matter on what coin/s we bought and how long we could extend your patience.

safari88

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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.

Oasisman

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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?

How come you knew you have coins with good potential and you didn't that the market could go up and down?
You have not done wrong yet, until you don't sell.
You're not in a trouble yet as long as you keep holding it when the price dips.
I guess you need to stop staring at your portfolio percentage loss, and focus on the market. Keep monitoring the price until your reach your target.
Only thing you don't want to do now, is to sell just to cover further losses.

MonsterV

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I personally don’t think that this is a wrong decision. But, it doesn’t necessarily mean that buying at dip is always a right move as well. Before even following any advice or saying, analyzation should be done first, because it is not likely to happen to have same situation every time different persons try to make investment. In your case, OP, be patient. Investment progress can’t be all seen in just a short period of time, some really takes time to prosper. Let this be a reminder to us all.

lablab03

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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?

you have doubts coz you see it continually decreasing after you bought. But for me it's right decision and you must have patience on this situation especially on this current situation that market still suffering from bear . As the matter of fact those coins has good history and they're very optimistic last year so don't regrets based on its situation these days just keep holding.

FairUser

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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?

First of all, I think you need to rethink your investment plan in this market. How long do you hope you will stick with this market to make a profit when you have bought them at times when you need financial balance for personal life or investments? Never risk your own money as long as you live well without making it difficult for yourself. I find this often happens with new entrants to this market when they are drawn and want to get rich. They work quickly but do not study carefully, so greed makes them lose more, while many people are still happy with the profits they have made.

Leo

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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?

All the above coin that you have listed have good potential you do not need to blame yourself, the only coin that I think that may not do well among them is ftm it keeps going down, the bottom is not yet there, almost all coin are down due to bitcoin movement, just hold and you will be glad you did

Jackl87

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Quote from: accounting 181293 on May 01, 2022, 01:09:12 AM

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?

If you believe that the markets will recover and that we are seeing prices in the future again that are significantly higher than the prices at the moment, then you definitely did the right thing to have invested into the coins that you listed above. All of them are solid projects in my opinion. I guess the vast majority of the users on this forum will agree that the prices of cryptos will start to go up again sooner or later. So it's definitely better to invest now then in a bull market because of FOMO. Of course it is also obvious that you will probably never really hit the all time low for buying and the all time high for selling, because that is almost impossible.

Topic: ever heard of this "buy at dip and be rich in the future" - page 3. (Read 719 times)