Topic: ever heard of this "buy at dip and be rich in the future" - page 6. (Read 690 times)

Alt coins these season keeps on pumping and dumping. The thing is that you should be able to enter the market when it's in serious dip. ATL price of coins may change your mind against the coin and that brings FOMO(fear of missing out). Buying of dips is one of the best basis of Crypto and the market. Just have patience and wait for the coin you want to purchase to dip, then bagged as large quantities as you want, then wait in the nearest future for it to pump. Although I don't go for BTC or ETH because these are the two top coins that mainly controls the market. Rather I purchased shitcoins and memecoins that I'm sure that will do better in the future.

I'm buying ICP and Fantom right now, both are in oversold RSI territory and are due for a pump.

"buy at dip and be rich in the future", this is a catchy phrase i like it but Looking at the charts this would be some kind of confluence that can be used to buy the dip when markets are in a trending market which would simply mean you are buying at the discount price of that specific range and not that this is a new strategy

It's because that's how we are programmed to do, "buy low sell high".
And I would say it is very effective method or strategy, and definitely the simplest and yet effective method in investing. But then again, there is a caveat, it's not that easy and it will take you years to be rich. No one will make huge profit in just a year by investing in crypto. Unless you got lucky and you have a lot of money in the first place, AKA whales that can manipulate the price in your favor.

You do the right one, because the market is crash or below as we think. Be patience and wait for a good profit in future. I will buy few coins. You see previous month, the btc or other cryptos price are as good as we except. It is back very soon. So, wait and keep cool.

on excessive as newbie investors work with inability to occupy strategy of old investors there happen as newbie choose to work with the customs as avoid the work on satisfying market with the old investors have with investment,
and begins to work with personal expends on effort to win with the peripheral market as they have with offers,
or newbie investors might moves with the strategic as occupying the centrist position to gains on moderate way on request from the market.

It’s not always good to buy at dip.
And now you made really a big mistake.
So in order to recover your loss, you can do is to wait for long time.
Bitcoins have the potential to grow a lot, and seeing now at 37k USD, in the next few months it will again reach at 60k USD around.
And this time you learnt a lesson, so next time before buying any coin, always do a research and market analysis and buy a coin.

Have you not done a research, you posted that these coins have potential and checking, all of them have potential it's just you are very impatient to see the results and make a profit, that's not how things work, some of those who bought in the dip wait for months and years to make a profit, one example is the start of the pandemic those who bought at $6000 have waited for 2 years to maximize their profit, it's not that you buy on Monday and you will make a profit on the next day.

               Look, I am not gonna go and talk crap nor judge you. Instead, I'll guve you an advice since I too have been un the same situation in the past. One thing you should consider next time is that it is hard to chase bottoms. So only invest what you can afford to lose. Another would be to invest only on thise projects that you yourself have researched about a lot and has conviced you that it is a good investment. Another would be to bot invest on too many assets specially as a beginner. Another is to not invest all the capital you have; always keep extra for DCA purposes and for sudden opportunities. And the last one would ve to cut losses when you are already 30-40% down on not so sure coins, only DCA on good coins that has really proved their worth in your eyes after good research.

               Now if these are too much work for you, reduce your coins in your portfolio to a comfortable number where you can keep track on all news and happenings about them. Of course it will be tedious but you can't expect to have good profits with half assed efforts. Investing just because of hype is just another act of gambling. You'd be better of heading to some gambling sites then if you don't want to put in the efforts. I hope you get to read this so it can help you because I, back then would've loved to see this type of advice.

Buy more, that is the best way to cover up for those short term lost. You just have to be patience, you are true that all those who invested before are now millionaires. It is not late for us, crypto is still developing and you might be regretting things in the future if  you don't fill your bags now. Because if you sell, it is a total lost for you, so better buy at different range of lows.

That applies when the market is stable or the market enters in bull market conditions, of course the word is very valid, all technical predictions at that time will be more than 80% accurate. But, right now the bear market is confirmed, where we really stick to the bitcoin chart, if they haven't broken through the resistance to confirm the bull market of course other coins will look sluggish and they will have a hard time getting back up, with this we definitely assume that they say is wrong. What is actually happening is that the current market condition is a bear market.

yes it is a pretty fatal error. too many coins you bought and it made it worse. Forget buying on a dip, because only a small percentage of people can do it, and the rest are just people like you. if i were you i would start selling them right now and holding stablecoins until the market is really good. forget about how much loss you will receive, because it's too late. currently holding stablecoins is the most appropriate choice.

Buying the dip is normal for every crypto trader but before taking that step you ought to do some ground work. IMO it is necessary to check the chart/graph of the token in question to know how the coin/token have been performing over time - 1 month, 4 months, 6months then decide if you are actually buying the dip. That helps to determine the lowest dip so far and how many times the dips have taken place within a frame of time. IMO, there is no hard and fast rule concerning buying the dip. Key things to note: Do some research as well as check the chart/graph; Buy what you can afford to loose; Don't put all your eggs in one basket.

What you did was correct; if feasible, buy again if you have adequate assets, because you will be surprised when the market begins to increase. All you need to do now is be patient and wait for the cryptocurrency market to rebalance, and I am sure you will appreciate it letter after if you are making a lot of money. Just try to be patient; it will heal quickly.

Having a clear plan for an investment is a necessity. I see many people only paying attention to quick money profits but neglecting the necessary knowledge to accompany the financial market sectors. They just hear from someone that profits are easy to come by and they are willing to listen, but they are not aware of the complicated developments that will unfold. Personally, I have a very positive view of this market and believe that it will grow strongly in the future, but the important factor is largely the fact that participants can control themselves to achieve the goals that they desire. We all see that over time and in the future, it will grow more and more. When you are ready to balance your current life and financial investments, you can be completely confident in your future well-bein

That's what people feel when they see the price is falling, if you are using that strategy "buy the dip", you should trust the coin you are buying because eventually the bull run will come back and if you are holding a legit coin, you will surely enjoy the profit.

However, there's no guarantee that you will just experience the happy side, make sure also that you ready yourself in case things does not go according to your expectation, because that is investing, there's always a risk of losing.

You did nothing wrong, everything is perfect, what you need is to have patience because we are in a bear market. So you need to wait till we have a bull run. The problem is that it will happen perhaps in 2024-2025.

Just continue to accumulate and buy as much as you can because it is at a discounted price. You also need to protect your assets, so that when the time comes to sell them, they are still intact and then you can claim your profit after so many years.

I assumed what you just did is basically just simply buying without even trying to analyze whether is it really the right time to buy at that certain point. Being said that, you simply did not buy at the right dip, and that there is a possible dip after that dip. Maybe next time, try to do some technical analysis like simple chart patterns or use commonly used indicators to at least know and get the possible right position for you to make an investment.

But since you have invested on I think are very good coins, there are still higher chances of you having profit in a long term. You just have to wait since you just have invested last April which is not too long ago.

We actually don't know what will happened after our decision but upon buying that or doing that decision we know that it is the right decision. You don't do anything wrong and I think this is just a correction and it doesn't mean that it is not going up again besides you should have a stop loss to avoid unnecessary losses.

Don't try to catch the bottom in the crypto market and don't look at the charts all day long. Be psychologically prepared for an even bigger drop in price. If the market falls even lower, it might be a good time to average. Basically you have good coins for long term investing and they are likely to show profit on bull market.