Author

Topic: Learning from the dip (Read 423 times)

legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
July 11, 2022, 03:57:53 PM
#42
Numbers 1–3 are closely related in the sense that they talk about mitigating risk. Sometimes though, it won't seem a bad idea to borrow money to invest. The only bad idea there would be if there isn't a Plan B to repay the loan in case the investment from the loan fails. Crypto industry, just like other businesses too, is burdened with risk. We can't separate it or any other form of business from risk. On DCA, that seems a great way of avoiding shortchanging oneself in case one's entry price fails to hold. It's a technique that works.
member
Activity: 798
Merit: 34
July 11, 2022, 10:14:37 AM
#41
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.
Their is no problem if you bought dip and you started experiencing the market going dipper,  the only solution is to hodl for sometime till when the market starts coming up. You don't have to be panic because if you sell in panic you will definitely be at loss.
legendary
Activity: 1288
Merit: 1081
Goodnight, o_e_l_e_o 🌹
July 07, 2022, 01:31:42 PM
#40
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.

Can you name the coin you bought? From dip to dipper to dippest depends on the coin you bought. While some shitcoins whose supports are weak may take you to the dippest pit faster. Then coin like btc will dip and keep consolidating. Atleast it can give you time to track your invest and make a nice decision.

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.
This is the solution. Keep doing DCA with small slots, then if btc risings before your DCA ending, fine because you are not losing, otherwise keep doing DCA with small slots. This is because we cannot accurately predict the bottom. Assuming we could do, the best bet would be to wait at the bottom.
hero member
Activity: 2548
Merit: 607
July 07, 2022, 12:02:40 AM
#39
Also use spaced out limit orders when buying the dip.  Play the long game and being in this for the long term- hodl.  Be patient as it can take years for the market to recover to make gains. 
legendary
Activity: 1946
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
July 06, 2022, 09:45:20 PM
#38
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.
In cryto it is not even encouraging to invest with all the savings. If investing with all the savings one has is not good idea, I consider borrowing money to make invest should never be a plan to go about investment.

It's really not a good idea to have to use all the savings to get into crypto, if only some it might not be a problem to catch lower prices.
But if you have to use a loan to invest it will only add to the problem and add to the burden. Using a loan as capital must think about what payments will be used. there is no guarantee after using the loan the price will quickly rise, while the interest on the loan will continue to grow.

That's why its never good to use a capital came from that and much better if we just settle on the amount what we can afford to lose since eventhough we are in bad position still we will not get pressured by turn of events especially when we see market dumping for more. Maybe its best if he do cut loss and buy again since this is much ideal option to do.

Cut loss can be an option if you are sure that the price will continue to fall and buy again at a lower price. But if you're not sure, just let it go, because when you cut loss and the price goes up, there will be more losses and panic will occur.
Holding is also an option other than cutloss.

Previously, to be safer in trading settings, first Stop Loss, so that we know where to stop and cut losses.
legendary
Activity: 2758
Merit: 1228
July 06, 2022, 04:58:52 PM
#37
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.
In cryto it is not even encouraging to invest with all the savings. If investing with all the savings one has is not good idea, I consider borrowing money to make invest should never be a plan to go about investment.

It's really not a good idea to have to use all the savings to get into crypto, if only some it might not be a problem to catch lower prices.
But if you have to use a loan to invest it will only add to the problem and add to the burden. Using a loan as capital must think about what payments will be used. there is no guarantee after using the loan the price will quickly rise, while the interest on the loan will continue to grow.

That's why its never good to use a capital came from that and much better if we just settle on the amount what we can afford to lose since eventhough we are in bad position still we will not get pressured by turn of events especially when we see market dumping for more. Maybe its best if he do cut loss and buy again since this is much ideal option to do.
legendary
Activity: 1946
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
July 06, 2022, 10:12:20 AM
#36
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.
In cryto it is not even encouraging to invest with all the savings. If investing with all the savings one has is not good idea, I consider borrowing money to make invest should never be a plan to go about investment.

It's really not a good idea to have to use all the savings to get into crypto, if only some it might not be a problem to catch lower prices.
But if you have to use a loan to invest it will only add to the problem and add to the burden. Using a loan as capital must think about what payments will be used. there is no guarantee after using the loan the price will quickly rise, while the interest on the loan will continue to grow.
sr. member
Activity: 1148
Merit: 346
July 06, 2022, 09:23:29 AM
#35
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.


I see no wrong with that even if you did not bought them at their bottom prices. That usually happens in crypto and majority are still falling on that. But as long as you won't decide to sell them in a lower prices, then you're always safe and will never at loss. Just never spend all your life's savings believing that they will always be profitable, and always manage to invest on your extra funds, and not on money intended for emergency cases.


yes you are right that mate when you hold a cryptocurrencies it's normal that the price will go up and sometimes go down but you must focus on your goal and do not panic don't sell your coins when the price will down in order to avoid such losses or less of profit. Spending your savings or funds to investing in coins it's a bad and wrong decision because not all the times through investing you made a high profit.
hero member
Activity: 1050
Merit: 592
God is great
July 06, 2022, 04:44:14 AM
#34
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.
Buying in the dip is not a bad idea, it only depend on what you are buying, their are some coins that can be risky to buy in the bear market like what we are experiencing now. But as for coin like bitcoin as far as one has the patience to buy and hodl their wont be any regret about it, buying Bitcoin during the dip is of good opportunity for hodlers.
Quote
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.
In cryto it is not even encouraging to invest with all the savings. If investing with all the savings one has is not good idea, I consider borrowing money to make invest should never be a plan to go about investment.
hero member
Activity: 2520
Merit: 952
July 05, 2022, 11:34:53 PM
#33
Have seen some people using leverage in dip, leverage is double edged sword, it's one way to blow out all capital. Using leverage buying in dip is worse than spot buy.
full member
Activity: 1582
Merit: 132
BK8 - Most Trusted Gambling Platform
June 03, 2022, 04:57:10 PM
#32
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.
Be patient, bro. I know what you feel, I also several times feel this sad thing. But no problem. Sometimes, life needs ourself experience to increase and boost up ur experience and knowledge. Based on ourself experience, we can develop our ability to see the chance of market better or not to buy or not.

1. Avoid falling prey to FOMO
It is exactly true, we don't need to panic when the price keeps falling or vice versa. Just manage and control yourself to see every chance to buy or sell the coins. If the altcoins are dropped and we are buying them because of FOMO, we may regret it because FOMO and HYPE will never be good for us, especially when we are not high-risk takers.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
June 03, 2022, 04:29:02 PM
#31
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.


This is probably the most common problem that we investors do always face. Once there are dips, we eventually started buying, not realizing that it could not be the bottom of this dips. However, i see no problem about that as long as you prioritize buying bitcoin because no matter how its price drops, it will always recover again and gradually increase its price. Even when you buy bitcoin at a high value, you won't lose actually unless if you sell it a much lower price. But you could buy more coins and makes bigger profits if you can buy those coins at their dips, which needs more patience to wait for the right timing to buy.
hero member
Activity: 2828
Merit: 518
June 02, 2022, 06:34:29 PM
#30
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.
...
You need to learn how to be patient as well.

There are only two possible scenarios that may happen after buying whether it goes up or turn dipper. Now since we are in the bear market, you can really expect more for the dumping trend rather than seeing it moving high.

If we are borrowing money for investment, just be sure that we have backup resources to pay the debts. We can just rely solely on crypto profit alone as we are not even sure about the market trend.
Many persons investing during the dip period really lack this patience we're talking about, they feel immediately they invest the market was supposed to pump within the next week or two but when the market trend goes contrary to their prediction they start lamenting.


That is the major problem with us because we think that investing in crypto is easy money and we have been thinking about a quick-rich scheme that has been promoted on social media encouraging people to invest. It was far different from the actual scenario and then started to blame the market which in the first place, they are the one who doesn't understand the market behavior and how it works. And I really think this never has an ending story and it add more volatility in the market.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
June 02, 2022, 02:12:19 AM
#29
I want you guys to cancel such mentality, lending funds to invest in cryptocurrency is not bad, the only thing is that when it result negatively you feel sad, but when it turns positive you will be courageous.
If someone borrow and invest in cryptocurrency and lose, how is he going to pay back the money? This should be what the person that wants to borrow should think about. Or if anything goes wrong, if he borrowed with collateral and he lose and the collateral got liquidated, would it not affect his life? That is another thing the borrower should also think about.

Also, generally, having a borrowing habit may not help but there are sometimes that borrowing can be necessary, if you are a working class and able to pay back with your weekly or monthly income in a way if you lose it, it will not affect your financial life, then I do not also see it as a bad idea.

my dear op, anything concerning cryptocurrency investment is all about risk measure, and for you to prosper in cryptocurrency investment you most admit and also be ready to lose, getting lose is one of the basic and general life of cryptocurrency investment, but only thing is that, when investing you most take adequate precautions
Patience is also very important, it is even the most important aspect of investing after checking the price history of cryptocurrencies to know the bull and the bear periods, to be patient and invest at the right time. No one that will wait until the bear time will lose, even if he is first losing, he will later recover the lose and make profit.
legendary
Activity: 2576
Merit: 1860
June 01, 2022, 11:10:58 PM
#28
While the entry matters, the exit matters more. So even if you fell to FOMO, or used all your investment money in a single purchase, or have bought the dip only to see further dips after that, just make sure you don't give in to fear or panic. You will always be rewarded for HODLing and for being patient. Sooner or later. Just stop wishing to become rich overnight. It's one of the main reasons why a lot are disappointed.
hero member
Activity: 2660
Merit: 651
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June 01, 2022, 06:56:47 PM
#27
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.
I want you guys to cancel such mentality, lending funds to invest in cryptocurrency is not bad, the only thing is that when it result negatively you feel sad, but when it turns positive you will be courageous.
Yeah, borrowing fund to invest in the market when it is in a downtrend season is never a bad idea but the loan have to be within the range the person can handle.
All company like Apple, Amazon, etc does this thing.

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.
my dear op, anything concerning cryptocurrency investment is all about risk measure, and for you to prosper in cryptocurrency investment you most admit and also be ready to lose, getting lose is one of the basic and general life of cryptocurrency investment, but only thing is that, when investing you most take adequate precautions
@jordansteph Crypto is never a quick to rich scheme and if an investor keeps having this impression she will always run into debt. However, the bearish market is the time for investing not selling while it is the time for ATH investors to hold for the long term.
@GeorgeJohn Admitting the risk aspect of crypto is not enough for anyone to prosper in cryptocurrency investment if the person still lacks the needed knowledge.
hero member
Activity: 2814
Merit: 576
June 01, 2022, 06:33:48 PM
#26
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.
Since we can't predict well the bottom price everytime there is price dips, then its safe to do DCA for that. At least, we will be able to buy all its dip prices, but also it depends on the funds available for you. However, if you no good funds intended for it, just buy when there is dips, regardless if its the bottom or not, that does not matter as long as your intention is for long term hodling.
legendary
Activity: 2422
Merit: 1140
duelbits.com
June 01, 2022, 06:19:10 PM
#25
I bought some coin recently believing I’m buying from the dip but to my surprise this just keep dipping.
You probably buy too early if you expected to buy at a dipper price. After experiencing the bullish season in the previous year, we finally begin to experience a bearish season this year. So, it is just the beginning of the red market, this bearish possibly continues till the next 2 years. If we consider the market cycle every 4 years, the dippest time ideally in Q3-Q4 2022 or Q1-Q2 2023. But it is just my own prediction, not an expert, I'm an amateur.  Grin

Do more research before buying coins, I bet you didn't analyze everything deeply. So, you are affected by FOMO, buy based on the hype. Anyway, regarding the borrowed money, it is not recommended in every market situation (both bearish or bullish).
hero member
Activity: 3052
Merit: 606
June 01, 2022, 05:32:07 PM
#24
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.


I see no wrong with that even if you did not bought them at their bottom prices. That usually happens in crypto and majority are still falling on that. But as long as you won't decide to sell them in a lower prices, then you're always safe and will never at loss. Just never spend all your life's savings believing that they will always be profitable, and always manage to invest on your extra funds, and not on money intended for emergency cases.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
June 01, 2022, 05:02:36 PM
#23
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.
That is why we must be wise in using the money for investment in crypto, moreover during the dip market. Because we don't know when is the dip exactly, we don't know whether it is the actual dip or not. The way is by keeping and watching the market situation. If we are going to invest in certain coins, it can be done by buying step by step, so we are not all in. This is to face other dips.

That is why we keep ourselves prepared for what will happen next whether the market goes up or it drops more.
Putting our money in crypto is not I considered as high risk as long as we choose the right coins for investment. But if we choose to investment shitcoins like meme coins, you definitely have to start worrying now.

At this current market condition, we don't just be smart but have also to know how to extend our patience as well.
hero member
Activity: 2142
Merit: 670
Hire Bitcointalk Camp. Manager @ r7promotions.com
May 31, 2022, 06:37:20 PM
#22
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.
That is why we must be wise in using the money for investment in crypto, moreover during the dip market. Because we don't know when is the dip exactly, we don't know whether it is the actual dip or not. The way is by keeping and watching the market situation. If we are going to invest in certain coins, it can be done by buying step by step, so we are not all in. This is to face other dips.

1. Avoid falling prey to FOMO
FOMO will lead us to another kill, so better to stay away from FOMO, be wise in investing crypto
sr. member
Activity: 2828
Merit: 344
win lambo...
May 31, 2022, 05:36:27 PM
#21
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.


That really be surprised if you are expecting a rise and market profit after buying. I'd hear many complaints like this but as to know that during this bear season, we can't really be expecting that. We are supposed to think that there are only two possible things that happen after buying and that is whether the price dump or pump.

 - if we know how to hold, that is not a problem provided that we just acquire potential coins
 - we need to exercise our patience, something are really be needed during the bear season
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
May 31, 2022, 05:04:30 PM
#20
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.
I want you guys to cancel such mentality, lending funds to invest in cryptocurrency is not bad, the only thing is that when it result negatively you feel sad, but when it turns positive you will be courageous.

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.
my dear op, anything concerning cryptocurrency investment is all about risk measure, and for you to prosper in cryptocurrency investment you most admit and also be ready to lose, getting lose is one of the basic and general life of cryptocurrency investment, but only thing is that, when investing you most take adequate precautions
hero member
Activity: 2856
Merit: 674
May 31, 2022, 04:56:39 PM
#19
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.
For me, that is the safest strategy to use because you are only giving yourself more opportunities to earn especially if its bitcoin as you  never miss any chance to buy in every price decline. And this is also a smart move if you have low budget funds as you don't want to buy all in but certainly just buy whenever the price of the coins keeps on dipping. So definitely buying with DCA is always an advantage regardless of how the market we'll be in the next possible days.
hero member
Activity: 2940
Merit: 613
Winding down.
May 31, 2022, 04:40:51 PM
#18
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.


None of us is capable to predict that its already the dippest price, so this is the reason why we should keep on buying in times of dip. And i think there won't be losses for that as long as you hodl them after buying, but if you are planning to sell them after short term hodling, that will certainly bring losses on you because its hard for the coins to recover again once their prices stay in dips. However, if you do DCA, you will never be in a loss, instead you always have the chance to buy just in every price drops.
legendary
Activity: 3024
Merit: 2148
May 31, 2022, 04:30:05 PM
#17
but what's really important is waiting - not selling BTC if you are at a loss, not basing your decisions on media hype and narratives - simply wait for years, and take profits during bull markets if you want to spend your money.
This may apply to Bitcoin and  a few good coins like Ethereum, but certainly not shitcoins, the latest being Luna  Grin

Imagine folks who bought Luna which has been abandoned and is now called LUNA Classic at above $1. Telling them to wait is more like a lie because the shitcoin is never going to recover. It will just keep going down and down as people lost interest in it.

Everyone is calling Luna a shitcoin these days once it failed, but go back 2 months ago, and most people in crypto sphere believed that Luna is a "good project", that they will be rich and anyone who is not investing is an idiot. How long until Ethereum and other good coins meet the same fate as Luna? Bitcoin is the only constant in crypto, without it crypto will not exist.
copper member
Activity: 2114
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฿itcoin for all, All for ฿itcoin.
May 31, 2022, 04:58:15 AM
#16
but what's really important is waiting - not selling BTC if you are at a loss, not basing your decisions on media hype and narratives - simply wait for years, and take profits during bull markets if you want to spend your money.
This may apply to Bitcoin and  a few good coins like Ethereum, but certainly not shitcoins, the latest being Luna  Grin

Imagine folks who bought Luna which has been abandoned and is now called LUNA Classic at above $1. Telling them to wait is more like a lie because the shitcoin is never going to recover. It will just keep going down and down as people lost interest in it.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
May 31, 2022, 04:46:17 AM
#16
DCA is useless too on some altcoins that was destined to dip on all-time low due to a fundamental bearish signal. We can use LUNA as a perfect example for this scenario, LUNA dump from 100$ to 0.0000$ with less than a week of trading after the attack on the UST stablecoins so even DCA won't save you if you start buying from the top to bottom in tranches since the end price stay at the bottom until now with no sign of recovery. There's a lot of altcoins out there that suffer same instances and worst was rug pull.

It's better to check the fundamental first of the project before to consider that the current price downtrend is just a dip or dead end.
hero member
Activity: 3038
Merit: 634
May 31, 2022, 04:27:18 AM
#15
The #1-#3 combines it all that FOMO can make you emotional and thinking that everything is going to soar without learning how the markets work.

When you get to that point of thinking too good to be true because you've just seen how high the market goes, you'll think that if you bet all that you've got, you'll become rich overnight.

That's just a wrong thinking and has been devastating a lot of people, newbies and not. Learn from your mistakes and the mistake of others, it worked for me. But I didn't stopped buying those IMO good to hold and that I like.
legendary
Activity: 3668
Merit: 6382
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May 31, 2022, 02:13:40 AM
#14
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.

It's more than that. It's also about "money you don't afford to lose", as we keep saying. It means that if you think that you'll need that money badly in the next months you better stay away. If you don't do that, especially together with point 1 on that list, then you're the perfect target: FOMO-bought high, then got scared for your money (since you don't afford to lose) and sold. Then the price can go up: rinse and repeat.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
May 31, 2022, 02:12:15 AM
#13
Learning from dips is not enough.

People must learn from bottom of bear market to really understand how the market works and how painful it is when they have to sell off their cryptocurrencies at 1/10, 1/100 of their entry prices.

They have to sell of at such terrible lost rates because they bet all money in bull market, and the market goes not in their prediction, they don't have any money reserve to use. So each day, each week, they have to sell their coins for monthly bills and other expenses. Even after selling, they get $100, that means they sell $1000 to get only $100 but no other choice for them.

So, how bullish you are with crypto market, you must reserve money for other things.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
May 31, 2022, 01:59:00 AM
#12
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.
The bear market can last longer than what we are seeing right now, even since yesterday has been a bull market, there can be a bull market that will be further with another bear market in a way the marketcap lost will be more than buying. During bear market period like this, it will most likely not profitable to buy especially altcoins because they are very risky. It is a loss time for many people who are buying coins. There can be more of the bears that may still drive bitcoin below $25000, that will be a massive price downturn for altcoins.
hero member
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Vave.com - Crypto Casino
May 31, 2022, 12:29:06 AM
#11
That's why you should always do analysis before buying and don't buy in large quantities if you are not sure about the market situation.
This is to anticipate if the coin price continues to decline so that you will get more opportunities to buy at a lower price.
Using DCA might be a solution if you're not too dependent on increases or decreases because your target is to sell it for some time to come and if the price doesn't increase very high, you won't sell it.
But it will all depend on how much money you will invest in crypto and always pay attention to market conditions.
hero member
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Leading Crypto Sports Betting & Casino Platform
May 30, 2022, 11:09:29 PM
#10
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.
...
You need to learn how to be patient as well.

There are only two possible scenarios that may happen after buying whether it goes up or turn dipper. Now since we are in the bear market, you can really expect more for the dumping trend rather than seeing it moving high.

If we are borrowing money for investment, just be sure that we have backup resources to pay the debts. We can just rely solely on crypto profit alone as we are not even sure about the market trend.
Many persons investing during the dip period really lack this patience we're talking about, they feel immediately they invest the market was supposed to pump within the next week or two but when the market trend goes contrary to their prediction they start lamenting.

hero member
Activity: 2828
Merit: 518
May 30, 2022, 03:57:33 PM
#9
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.
...
You need to learn how to be patient as well.

There are only two possible scenarios that may happen after buying whether it goes up or turn dipper. Now since we are in the bear market, you can really expect more for the dumping trend rather than seeing it moving high.

If we are borrowing money for investment, just be sure that we have backup resources to pay the debts. We can just rely solely on crypto profit alone as we are not even sure about the market trend.
full member
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★Bitvest.io★ Play Plinko or Invest!
May 30, 2022, 03:57:09 PM
#8
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.

This is good strategy as long as you don't put more money than you can afford to lose.

Or soon he will be crazy about how much money is "losing".

It is also important to use only in an asset which you clearly have a long term objective. I would never try to do stuff like that in high-risky altcoins

I think the smart money here is investing in a cryptocurrency that has long-term potential , and which is likely to maintain that potential with minimal risk of permanent loss. I believe Bitcoin is such an opportunity, and expect it to attract an influx of smart investors who, for once, are not expecting a quick return. I think DCA is good strategy because it doesn't require big capital but can still provide a fantastic return if you are patient.
legendary
Activity: 3024
Merit: 2148
May 30, 2022, 02:48:56 PM
#7
DCA is not an objectively the best method to invest. It's quite possible that the market could suddenly reverse and you will be buying Bitcoin for an increasingly higher price, thus having less coins than if you invested with more money earlier.

Both DCA and lump sum investing have their own merits, but what's really important is waiting - not selling BTC if you are at a loss, not basing your decisions on media hype and narratives - simply wait for years, and take profits during bull markets if you want to spend your money.
legendary
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bitcoindata.science
May 30, 2022, 02:36:56 PM
#6
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.

This is good strategy as long as you don't put more money than you can afford to lose.

Or soon he will be crazy about how much money is "losing".

It is also important to use only in an asset which you clearly have a long term objective. I would never try to do stuff like that in high-risky altcoins
legendary
Activity: 2184
Merit: 1302
May 30, 2022, 02:26:51 PM
#5
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.
While borrowing money to invest in crypto is somewhat of a 'crime' nobody should think of, if you are accumulating Bitcoin in this dip (of course with your own money), you are doing absolutely nothing wrong, whether you are doing it out of fear of missing out or whatever, the only thing to note is that you should never expect quick returns, or hope to jump on sudden wealth, that is not going to happen, grow a Bitcoin porfolio, it doesn't matter the pace at which you do it, you are actually not supposed to even go in all at once, that would be investing more than you can afford to lose. DCA works perfectly, you can buy slowly but surely and hodl for the long term.
Latest case happens to LUNA, when Luna down, people trying to buy, they are thinking if LUNA price will be back soon. In the end, they are loss a lot of money.
Luna has been in the news for a couple of weeks now (for obvious reasons), what happened to Luna can happen to any altcoin/shitcoin, and that is what investors fail to understand, sooner rather than later another altcoin is going to come on scene, create some hype while investors start putting their money there, after a while it crashes just like Luna did, rinse and repeat; investors need to understand that the problem isn't with Luna, but it is that most altcoins have no actual utility, and as such you can't expect them not to dump.
legendary
Activity: 2324
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hmph..
May 30, 2022, 01:48:03 PM
#4
Well, no. 3 is points that might be need to be remember for newbie. Latest case happens to LUNA, when Luna down, people trying to buy, they are thinking if LUNA price will be back soon. In the end, they are loss a lot of money. Stop loss is imporfan if the price is bad. This case will be have a a good lelearning to us to not to put all of money in one place and they need to set a stoploss
legendary
Activity: 2408
Merit: 2226
Signature space for rent
May 30, 2022, 01:14:45 PM
#3
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.
mk4
legendary
Activity: 2870
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Paldo.io 🤖
May 30, 2022, 01:07:59 PM
#2
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.
newbie
Activity: 164
Merit: 0
May 30, 2022, 12:30:42 PM
#1
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.

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