Topic: Learning from the dip - page 3. (Read 423 times)
There is no endpoint of the dip. Be ready to accumulate some in every dip. I did the same, I was buying almost in very dip, but the market becomes more dip where my funds were empty. I failed to accumulate in the last dip. Personally, I believe we all can't buy during the bottom, the reason is we don't know exactly the bottom range. So this is a lesson that doesn't invest all in dip, then you may miss the real dip.
4. Always use DCA when buying any crypto (Dollar cost average) in a bearish market: This enable you to manage your lost if more bearish is seen.
Or just DCA in general regardless if we're in a bear market or a bull market. One of the main points of doing DCA is that you have no idea what the markets will do hence you're putting money in regardless of price and market sentiment.
I bought some coin recently believing I’m buying from the dip but to my surprise this just keep dipping. MY DIP HAS TURNED TO THE DIPPER, EVEN THE DIPPEST.
Lesson
1. Avoid falling prey to FOMO: Almost every investors see a bearish market as a means of entering the market. In dip period like this, everyone will love to buy and keep. Most go any length to get money to buy from this dip out of the fear of missing out. This make some to borrow money to invest which can be risky.
2. Never borrow money to invest in cryptocurrency: This is a big risk and may cause serious issue if bearish continues and more dip is seen.
3. Never use all investment in buying crypto believing it will rise soon: This also affect some people. They try to invest big in dip believing it will rise quickly so they can sell for huge profit but most end up losing to the bearish market.
4. Always use DCA (Dollar Cost Average) when buying any crypto in a bearish market: This enable you to manage your lost if more bearish is seen.
Lesson
1. Avoid falling prey to FOMO: Almost every investors see a bearish market as a means of entering the market. In dip period like this, everyone will love to buy and keep. Most go any length to get money to buy from this dip out of the fear of missing out. This make some to borrow money to invest which can be risky.
2. Never borrow money to invest in cryptocurrency: This is a big risk and may cause serious issue if bearish continues and more dip is seen.
3. Never use all investment in buying crypto believing it will rise soon: This also affect some people. They try to invest big in dip believing it will rise quickly so they can sell for huge profit but most end up losing to the bearish market.
4. Always use DCA (Dollar Cost Average) when buying any crypto in a bearish market: This enable you to manage your lost if more bearish is seen.
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