ever heard of this "buy at dip and be rich in the future" - page 4.

RealMalatesta

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Quote from: lienfaye on May 02, 2022, 02:13:20 AM

Even the price is in dip we're not certain if thats the bottom or the price will still go down further. The point is you bought these coins in dip, but clearly not the bottom. Its understandable to have worries but thats how the market works, really unpredicted. What you can do is to be patient and forget for a while the market so it wont give you stress.

The prices of these coins will recover back. Just wait for that moment if you really want to gain with your investment.

This isn't really the "dip" for the time being, but it is as low as it will get for a while. The difference between the dip and the bottom is that the dip is when it goes down a hefty amount which it did so far, we were 48k just recently and now we are at 39k so that's a dip, the bottom however is the lowest amount we will reach for a long long time, not just going down, it is the lowest point of maybe like 6 months or a year and we call that a bottom.

We are not at the bottom if you ask me, but we dipped for sure. I rather buy at the bottom than buy at the dip, because dip could fail to recover and dip some more but the bottom is the bottom and can't go down further.

lobo13hf

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You're making a mistake. You didn't know how low it will go and im sure that you are trying your luck by always spreading your money to buy the tokens at any level. I think that you must wait until your portfolios will make you able to recover your money again. Just try to make you remember if you are still in the bearish market. Anything can happen anytime and your portfolios can turn from negative to the positive in a short time.

fullhdpixel

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Quote from: Tytanowy Janusz on May 01, 2022, 03:30:17 AM

Buying the dip is a risky game. The dip that we will bounce off may be here now, may be at -90% after 10 years of bear market, may never be for some coins...

I'm catching the dip too but I know that we may dump much lower so I'm not using more than 10-20% of money I want to invest in single product and I'm ready for long term accumulation. For example I was accumulatin BNB for more than 2 years before it pumped from 15$ average buy to 600$.

There is really no way that you would be able to know when there would be a dip. Most people who keep looking for the market to dip ends up missing the opportunity they would have had. Sometimes we think that the price would continue to fall, but it wouldn’t fall as much as we expected it to, it would reverse and starts going up.

I have seen such happen several times, so it’s usually best to just invest whenever you feel that you are comfortable with it. If you have the money to invest in the market you should go ahead and do so and not wait for any dip, except when you are very short of it.

tvplus006

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

...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 should buy from support when the price has stopped falling and there is a reversal pattern. But even in this case, it is necessary to set a stop loss, which should be located below the support level, since the price may continue to decline. Thus, you should have limited your losses from an unsuccessfully opened order.

bitzizzix

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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 your goal is for the long term, I don't think there's anything wrong with your decision and other reasons so far there hasn't been a very significant decline. So as long as there's a downturn your decision is good in my opinion and once you buy on a downturn and there's another dip, it never hurts to buy again to grow your holdings.
and all that for long term goals and i am sure all the coins you choose will go up especially on bitcoin which affects other coins and only time will tell all, and it will definitely happen and you have to be patient.

max6575

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D ltr

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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 wrong, my friend, as long as you survive in various shocks, where I have experienced it, I bought bitcoins in not large amounts but in 2021 I got extraordinary profits, I got 2x profits from holding bitcoins for the last 2 years

Similificator

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Quote from: popeye95 on May 02, 2022, 11:48:18 AM

It wasn't the right decision atm to invest more into the cryptos. There are many dips here and there since the market isn't lively as it used to be after the peak last year. Most investors I know just hold on to their bag. Only buy in the dips if you think that coin is undervalued atm and will have a strong recovery after a set of time, either for the short term or the long term.

The problem is that there is no such way to exactly pinpoint the right time to buy since this market is very volatile and dozens of indicators can only do so much to get us near that bottom. I get your point though, knowledge about basic trading is a must and would give us a lot of advantage. But the main takeaway is that no matter how many your indicators are, there will always be some times that the market won't follow your prediction which you have gotten from your favorite indicators; at some point there will be trades where you'll lose. So the best solution is to have a trading or holding plan tied to your portfolios and only invest amounts the you can afford to lose.

WalkerIVIV

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I do know how frustated you are after saw your portfolios were decreasing a lot. I will not blame you for this caused by anyone can make any mistake.
You must remember about how to know when the market was on the bottom or top. You must also know about this to make yourself can know whether the market was on the bearish or bullish trend as well.
From this you can try to buy when it was getting lower. You are doing the reverse thing by buying from the top to the bottom.

kamilah147

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No one can determine the lowest point. Everyone is always waiting for a market correction and investing for the long term, but many people are nervous because the market seems to be looking downhill. But now that your steps are not wrong, you have created a portfolio with several Altcoins and Bitcoins. You make a long term investment, in the future bitcoin will experience a new ATH point and that is where you take profit. Don't sell if you are still losing money, patience is the main key to success in crypto. And don't get carried away by your emotions because your assets are running low, the most important thing is that the hold decision will not change even if there are difficulties.

jhonjhon

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Yes, we are taught to "buy low, sell high." It is critical to have a strategy or set of guidelines for dealing with bitcoin; after all, we are dealing with real money, not a joke. It's amusing because many people believe it's a hoax, but it isn't; in fact, you can benefit nicely from it. Simply wait for the coin you want to buy to dip, then grab as many as you want; time goes so quickly, so just wait for it to pump, then boom! Happy earnings Wink

Ezravdb

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Quote from: Cadaver20 on May 03, 2022, 03:12:03 AM

No one knows what will be the lowest point of the market. The market has been declining for some time. You've got a lot of suggestions here. You can make a decision based on these. But before that proper research and well observation should be done about the market.

If you want to take advantage of buying at low prices on good coins I think it is very appropriate for now and there is no need to do more research because I fear that before making a purchase, the market has started to move up again although at this time there is not sign of any movement in the market.

gurunanakji777

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You should also keep in mind we never know where the market will stop and bounce back. Buy at the dip is always a good choice to make big gains when the market turned bull so always start with part buying and do not buy all the coins in one shot buy on every dip so that you can also reduce the average buying cost.

CapGelatik

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Quote from: TopT3ns on May 02, 2022, 01:21:10 PM

indeed when you want to get a lot of profit you have to buy it at a low price or when the cryptocurrency price collapses, it's just that until now crypto price movements are very difficult to predict so no one knows when the price collapse will occur.

I think to buy coins we don't have to wait when conditions are collapsing,
when the market is correcting that's when we can take advantage of that time to buy some potential coins,
and most importantly before that it is necessary to do research first

Cadaver20

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No one knows what will be the lowest point of the market. The market has been declining for some time. You've got a lot of suggestions here. You can make a decision based on these. But before that proper research and well observation should be done about the market.

iv4n

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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 thought you are buying the dip, which wasn't the case! You didn't do anything wrong, if you sell now it would be a wrong decision! What you should do now is take a break and be patient, if you have more money you can invest more in this dip, it's how you strengthen your position and prepare for the future!

I guess we will have a turbulent year, and I expect the same in the next year when it comes to the crypto market! We will have green days, but I think we didn't see the biggest dips yet, I expect some big drops in the next 2 years! The time when we will see who has strong hands and who is weak!

poodle63

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You bought that at the peak price and that's why your portfolios were also decreasing. You ca't be patience waiting for that to go to the dip price. So, that sentence was true but the implementation depends on yours.
You can't blame it as yourself that will know how dip must become the rate to enter into the market. you have said you didn't know the lowest point and that you have spread your buy orders in all of days in april. I guess the only profit buyers when you bought tokens at the end of april when the big dump was occuring to the market. You must learn TA and FA.
You must also be patience once you see that bearish trend already started

abel1337

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Quote from: LastKiss on May 02, 2022, 11:29:06 AM

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 only been a month since you buy it in April and now you started to doubt cryptocurrency, the one that is wrong is your impatience because if you want to be rich you can't hope it will always happen in a short time. Just relax and leave your asset for 2-3 years because like what you said "rich in the future", Don't forget to use money that you can afford to lose.

True, I though OP believe in those project because he thinks that those tokens has potentials and after a month and a dip he doubt the projects. OP could be smart with his investments by doing a stop loss but it would automatically result in a loss. I have many long term projects investment and I don't fear dips and dumps that much because it is how market cycle works, Thankfully my long term investment such as luna, bitcoin and eth brings me pretty good profit for years of holding it and never doubt it.

CaVO32

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Quote from: Vaculin on May 02, 2022, 06:11:30 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?

You should have researched more and make a good analysis before buying all those coins. Except for bitcoin because its always the best asset in crypto. But for most of the coins you have bought, i guess you let other people influenced you and from it, you made a wrong decision following them. You're acting like a newbie when in fact you should be wiser than them. I guess as long as you will never sell them in low prices, that way you will never resort into losses.

From his list, for me, it is not bad at all. Maybe, the OP is looking at this early return of his investments. Most of the time, these alts will bounce back few months after. But if you are expecting to gain after a month, then, maybe, you are looking at this market in the wrong way. You can't expect that after a month you bought those coins, it will give you profit that you want. So in this case, he needs to wait when the market is starting to be bullish again.

Vaculin

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Winding down.

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 should have researched more and make a good analysis before buying all those coins. Except for bitcoin because its always the best asset in crypto. But for most of the coins you have bought, i guess you let other people influenced you and from it, you made a wrong decision following them. You're acting like a newbie when in fact you should be wiser than them. I guess as long as you will never sell them in low prices, that way you will never resort into losses.

Topic: ever heard of this "buy at dip and be rich in the future" - page 4. (Read 719 times)