Cryptocurrency market is unpredictable and volatile, in addition, market is also very irrational. So, your best bet is your gut. Sometimes, it good to ride the hype and sometimes, it may be catastrophic. And waiting for the dip is not the answer either!
Many traders choose to trust their instincts and most of the time this has terrible results, like most thing in life the more you do something the better you become at it, this means that expert traders that have been trading the markets for years and obtaining profits can rely on their instincts to decide what is what they have to do, but for a newbie this is a huge mistake as they do not have the developed instincts of a good trader and they will be relying on their luck at that point, and we know that luck is not something you can rely on. 
Topic: Which is easier? (Read 964 times)
Cryptocurrency market is unpredictable and volatile, in addition, market is also very irrational. So, your best bet is your gut. Sometimes, it good to ride the hype and sometimes, it may be catastrophic. And waiting for the dip is not the answer either!
It's always easier to ride through the trend. This is what everyone has been doing and benefiting from this bull run, just like the way traders shill new projects. It has become a normally that they pushed and pumped new project every week to make massive profits. Just look at how they are done last month from Matic (polygon), harmony (one) and Shiba.
To those who are trading consistently, I would like to ask you based on your experience.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
Different traders will have different approach and answers with this for sure.Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
For me, I think... riding with hype would be better if we are talking only the profits here because if you manage to ride with a hype coin like right now its SHIB or the time when DOGE is hyped then you will double or triple or more your capital.
If we will add the factors like the risk on it, I would go on waiting for the dip or at least a correction. We don't know when a coin will be hype and we don't know as well when it will go down but if you managed to buy at the top and fell suddenly then your losses will be huge. Unlike with waiting the dip, your losses might be lower than riding the hype but still you might get some losses especially if the coin bought go lower than your buying price but if you believe that it will go up after then its all good.
Market corrections can sometimes also provide entry points that investors can take right a way. If an investor has cash and is waiting to invest in the crypto market, a market correction can provide an opportunity to invest at a lower price.
We must always look at the opportunities that are created within the market, even a person that is heavily invested in bitcoin and witness a correction can take advantage of it, but how? That is the moment to dollar cost average and buy bitcoin for a cheap price, this reduces the overall price at which you bought bitcoin and it lowers the breakeven point, this is what those that invested in 2017 at the ATH should have done instead of panic selling their coins as they did.We should understand how they reacted since it's the first bull run and they are still in doubt if bitcoin will rise or will just dump because some experts are saying that bitcoin is just a bubble. At least seeing the market now will make them realize they make a huge mistake and that they should make the right decision this time.
Market corrections can sometimes also provide entry points that investors can take right a way. If an investor has cash and is waiting to invest in the crypto market, a market correction can provide an opportunity to invest at a lower price.
We must always look at the opportunities that are created within the market, even a person that is heavily invested in bitcoin and witness a correction can take advantage of it, but how? That is the moment to dollar cost average and buy bitcoin for a cheap price, this reduces the overall price at which you bought bitcoin and it lowers the breakeven point, this is what those that invested in 2017 at the ATH should have done instead of panic selling their coins as they did.
Sometimes I did both depends on the right timing. The important I have profit in both or in one way. But definitely I always buy potential tokens during dump that gives me another chance to earn profit once the market recover again. Buy the dip and hold for long term investment to earn good profit if possible.
Market corrections can sometimes also provide entry points that investors can take right a way. If an investor has cash and is waiting to invest in the crypto market, a market correction can provide an opportunity to invest at a lower price.
This is something that some investors have always been waiting for to enter the market even though they have entered the market before, but almost everyone is always waiting for a correction to enter again and take advantage of this very precious moment, although after that they will also expect another increase.Most been used by day traders or short-term traders, very effective if you have a lot of time monitoring the market.
It's tough, but since you are already dealing with the kind of strategy, it is manageable to follow
project that currently hyping and ride for a short while, then wait up after you already cashed out your profits.
Wait for some time and if you understand the market, you will see correction to take place, there are traders like
you who will sell after realizing good amount of profits are already in their pocket.
Market corrections can sometimes also provide entry points that investors can take right a way. If an investor has cash and is waiting to invest in the crypto market, a market correction can provide an opportunity to invest at a lower price.
This is something that some investors have always been waiting for to enter the market even though they have entered the market before, but almost everyone is always waiting for a correction to enter again and take advantage of this very precious moment, although after that they will also expect another increase.
Market corrections can sometimes also provide entry points that investors can take right a way. If an investor has cash and is waiting to invest in the crypto market, a market correction can provide an opportunity to invest at a lower price.
No matter what you choose but i personally think both of these are profitable but if i had to choose one then REMEMBER HYPE also gives you good profit then buying in Dip although both are profitable, let's take example of these year First we had seen meme coin that had make alot of hype and after it we had seen huge hype in the NFTs which had given us a big profit that's my Conclusion
There are two different strategies: buying when everybody is panic selling and buying just in the beginning of great FOMO. Both are working good imho - you just need some experience to catch the right moments in both cases.
I agree, these strategies are working since I already experience to use both. We just need to be determine of what we want to achieve and it takes guts because we dont know what can happen after we buy a specific coin.Buying during the start of bullish season is fine as long as you're prepared and aware of the risk. Sometimes it doesnt go as planned hence having a plan B is necessary. On the other side buying during dip (or investors are panic selling) is wise as well, but this will depend on the coin. As long as its not a shitcoin and can likely recover then buying at dip is a good choice.
The hype only happens to certain coins, and it's hard to predict.
And spotting them on at the beginning is harder because you'll be surprised that a certain coin got into hype even if you've known that coin already. That's why if there's a coin that I've known and I've seen it on hype, I don't ride the hype anymore. I better be content with my situation and don't chase it because it will put me into loss instead of being stable despite not riding the hype. This is the other's treatment when there's hype, they're chasing it. To those who are trading consistently, I would like to ask you based on your experience.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
The benefits obtained from Hype are like getting a piece of meat from the mouth of a crocodile, which is certainly difficult for us to get. But the way of trading is something that is certain even with a small value. The hype only happens to certain coins, and it's hard to predict.
There are two different strategies: buying when everybody is panic selling and buying just in the beginning of great FOMO. Both are working good imho - you just need some experience to catch the right moments in both cases.
The problem is that it is impossible to know beforehand where are those levels and at some point you are going to fail in your prediction and the next question that comes up is what would you do in that situation? This is a very difficult situation to find yourself in but if you are an experimented investor then you can overcome it, but for the newbie traders that are just starting out their carers this is a terrible scenario in which to find themselves in, and many times they make mistakes which compromise their account and they can never recover from them. To those who are trading consistently, I would like to ask you based on your experience.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
I have the same way as you in trading and always an investor after buying the price goes down again and need patience waiting for the price to come back higher. Don't hold back when buying a potential altcoin but you need to use stop loss when bitcoin is unstable and the price is really going down. I think so to maintain stability and potential in trading.Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
To those who are trading consistently, I would like to ask you based on your experience.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
I have the same way as you in trading and always an investor after buying the price goes down again and need patience waiting for the price to come back higher. Don't hold back when buying a potential altcoin but you need to use stop loss when bitcoin is unstable and the price is really going down. I think so to maintain stability and potential in trading. Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
There are two different strategies: buying when everybody is panic selling and buying just in the beginning of great FOMO. Both are working good imho - you just need some experience to catch the right moments in both cases.
To those who are trading consistently, I would like to ask you based on your experience.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
It is definitely safest to wait for a correction and buy when there is a large decline. Later, all you have to do is wait for the pump or simply the price increases on the markets and sell. Unfortunately, you never know when a bear market may come and a low price may come, it may not be the lowest, and we may wait another year or two for further increases.
By my experience, Riding the wave is the easier one, but is also riskier since you never know when the wave will stopped. But Buying the dip mostly turn your investment into profit slowly but its sure.
I agree that buying the dip is the best option out of the two, however we must understand that during the times in which we are seeing a strong decrease in the price of bitcoin there is a lot of panic in the markets, and as such it means that if you buy during one of those instances it is going to be difficult to keep holding your coins as all of what you are going to be reading at the time is about how the price will keep going down and that you need to sell your coins.You'll be force to work on it up to the point that you'll going to lose portions of your investment, timing is not easy, thinking that you already bought your coin in such a low price but the pressure coming from panic sellers will impact to the current market movement, not always you'll going to be lucky buying in the right time.
Consider everything and analyze before you make your call, don't forget to keep having a wider patience with you. Emotions will kill you if you don't extend your patience.
Be furious and observe if there's a need to adjust your current strategy.
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