Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
yes, be patient when the market goes down. The more wonderful action is to buy more coins as it goes down dramatically. Be greedy when others are scared, it's a beautiful quote from Warren Buffett. because once it has come down to its actual price, it will certainly recover in the future. 
Topic: How to trade when the dip keeps dipping? - page 3. (Read 902 times)
Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
Making a conscious effort to time the dips is a good start and you're on your way to profits. However, i would suggest that you buy dips close to the resistance levels.
What are resistance levels? You can google this and learn more about it but basically, it's where large buy/sell orders are placed and are the usual culprits that restrict the value of a coin from going up or down. Imagine a coin is going up in value from $700 to $750 but then at $750 someone places a sell order worth $1 billion dollars. Obviously, those selling at more than $750 will never get a chance to sell. This is the resistance level and you should usually try to place a sell order before that value. Same goes for buying dips, place a buy order just before the resistance level.
I think by always waiting patiently and monitoring the progress of coins in the market. For me that is enough with the current market situation right now.
I understand and be realize that many traders are disappointed with the current market situation, but we must always remember that everything will need a process, and we must always be patient.
I understand and be realize that many traders are disappointed with the current market situation, but we must always remember that everything will need a process, and we must always be patient.
You got the other way or hodl and don't look at your portfolio.
When the market goes dip, That's a very good time to buy some coins.
But, If you already bought some coins earlier and the market goes dip I think the best strategy is stop loss.
Wait for the market bounce, and prepare to buy again.
But, If you already bought some coins earlier and the market goes dip I think the best strategy is stop loss.
Wait for the market bounce, and prepare to buy again.
depends as long as you invest with money that you can lose it does not matter, because when the best buy is when dimp or even deeper, if you're afraid you can wait for some time, because no one can correctly predict the exact price of the dump.
If you are a trader set your stopp loss and sell when important gets broken.
If you are longterm investor you should always keep enough funds available to buy more and more and more.
If you are longterm investor you should always keep enough funds available to buy more and more and more.
I think in a situation like this, traders should have a stop lost, buying in stages, learn how to take profit, concentrate more on day trading, and target 5% profit from your entry-level.
As long as you are in into this world of crypto then risk is always there in every sides of business you do. So risky this world so you would be at the moment of thinking what to do the best but ofcourse you should put your investment of what you can afford to lose.
When the dip is very deep as you say, you can deal with the day trading. You can also choose the pair of altcoins and make a profitable exchange as well.
Trading during downtrend in the market is not advisable to those who don't have an extensive amount of experience in trading. If you really insist on trading during this current trend, you have to check indicators and look for signs of reversals and know the support and resistance intraday. However, if you are into crypto currencies for long term, whenever you bought at what you thought was the dip, every time it dips further, try cost-averaging method.
Incade that you buy a coin who are the price decreased better if you have extra money because incase the price dump you have money to buy a coin. Because most of the traders now buying all their money to altcoin and then they don't have support so if the price decrease they will not buy again altcoin. The startegy of the traders better if you see the price decrease again buy because you can get more profit.
Choose any of three.
1. Cut loss
2. Short
3. Hold
It's hard to predict once the market starts to act the way it isn't used to be so analyze the charts.
1. Cut loss
2. Short
3. Hold
It's hard to predict once the market starts to act the way it isn't used to be so analyze the charts.
Yes it is a good idea to get when it is dip,but i suggest to check the flow first and wait until you see that it is getting better again then that's the time to get one.
When the dip keeps dipping, stop selling your coins. Keep them and wait. If you are sure that dip is temporary then may be buy some more coins when it is cheaper. Hold them till you see green again. You can start trading your coins then.
Making decisions when exchange rates decrease continuously after the investment is very difficult. If after investing in cryptos at the exchange rate that you think is at the bottom but then the exchange rate continues to decline then the advice is you should calm down, re-analyze the rates of crypto, as well as market to I, can make the right decision. Usually, I will continue to hold if the exchange rate drops if too fast fall then exchanges to ETH or USDT then hold.
Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
If you see its price are coming into more dip in a certain coin that you have invested, it is better to sacrifice your loss than of having nothing. I mean, you may sell it now and invest it back into other coin to cover such losses.
one of the most difficult situation for everyone when the coin does down and we feel demotivated seeing market at those times we need to wait we cant do anything instead of panic selling it is better to hold for some more time
Any profit in cryptography is a risk and an opportunity to lose all money. If you invest in cryptocurrency, you must be sure that you can repel the invested money or you should not be sorry to lose them
while the cryptos are in dip, we better hold the early investment we have and keep on buying when the dip goes on a dipper one, and we should avoid selling our investment if we really dont need money and wait till the prices goes up again.
Yes, the best way to do is stop and hold whatever happen. Just be patient to wait until the markets totally recovered and don't ever buy at the moment the market at it's red days.
This is the best advice for those people who don't know how to trade. Experienced traders successfully earn during a falling market. There are many ways to earn money at this time, the most popular is the short trading. But to use these methods you have to be experienced and trade a lot.
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