Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on January 22, 2021, 04:52:55 AM
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As I am writing this, the whole cryptocurrency market is experiencing its RED DAY. We are seeing some big dips in many coins and tokens and just mere looking at CMC board we can see that prices are decreasing and seems to me there can be going on for some hours if not for some days before making a good rebound.
Now, are you thinking that this can be the best time to buy some more coins and tokens? Or do you fear that there can be further slides coming which can eventually lead to the so-called "crypto winter" in the market.
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Compared to ATH 1 BTC = $42K, currently is seen as a good time to buy BTC at $31K. Many people bought in and caused the price of BTC to rise 4% in the past 1 hour.
As for XRP, I don't think we should invest more when it is unclear about the outcome of the SEC lawsuit with Ripple.
I'm not a trader or holder, I just watch the market instead of spending money buying crypto.
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There is no better strategy than buying the dip as they go fall like an object that fall from clip, the only fear is when you think is it has dipped and it dip more when you buy, it's scary sometimes. However, if one is willing to go zero emotion and targeting long term profits, it's always the best way to get in at a market though cost average suits better.
Remember not to catch a falling knife, it's dangerous.
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Sure, I will buy the dip, when the correction happens it is the time to buy. I think all people also do the same thing, as we agree to buy at a cheap price and sell at a higher price. But always do analysis about the correction, don't buy if it seems to have a bearish for a long time. Don't buy coins that have problems.
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I think the correction will continue, but it will not be as strong and bloody as the last time. And therefore, at the time of correction, you need to buy.
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The cryptocurrency market cap has increased and at the same time the prices of all coins have gone up.
The new ATH for BTC and other altcoins has been reached, currently there is a price decline but the price of coins like BTC is still improving. If you want to invest, do so now, because the price goes down by buying you can trade and sell it when the price goes up from your desired price.
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When the market is falling, it is indeed a good opportunity to be able to buy the coins we want. And I will also do that, provided I do have the capital for it.
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As part of the trading strategy, a buy-in dip is a must-do so that we can gain some profit in the next cycle, and thats what I'm doing on a daily basis buy in dip and sell in high, but it is for the day trading strategy because I dont hold many cryptocurrencies now due to my personal reasons especially in BTC and ETH because it might collapse its price at any moment.
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Of course everyone will buy crypto coins when the conditions go down or the Dip. Because this is a good and right moment to buy potential coins. And you have to be smart in choosing coins.
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Every time the market drops sharply, I will buy some bitcoins. Others panic and I am greedy. 8)
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I'm averaging into the dip, but avoiding throwing all my spare cash into it so far. I sill think $27K btc could easily happen now that we already reached $28K. The idea of a drop to $20-25k btc wouldn't surprise me much in the mid-term either. Either way, my averaging goes into Ethereum at the moment that's still at a discount from it's 2018 ATH, as opposed to Bitcoin's 50% premium since 2017 ATH. My overall exposure is also very high, so not much spare cash either :P
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Of course I will. Especially if I have the capital to spend on crypto during the Dip, then I won't waste that opportunity. I will buy potential coins.
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Compared to ATH 1 BTC = $42K, currently is seen as a good time to buy BTC at $31K. Many people bought in and caused the price of BTC to rise 4% in the past 1 hour.
As for XRP, I don't think we should invest more when it is unclear about the outcome of the SEC lawsuit with Ripple.
I'm not a trader or holder, I just watch the market instead of spending money buying crypto.
It will always a complicated decision actually where we can enter to the market .Market is suddenly bit dropped from the ATH level .So that we have to be patience to buy it on deep low it could be dropped more .After correction we can enter except to enter now on low.
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fear is just for newbies who have never been in trading and to all who are not yet matured in cryptocurrency. Traders don't care about faerie as long as they understand the timing for buying and selling.
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I would not look for short term profit but for long term. HODL is key and we all know it.
A DIP can be useful if we planned to buy anyway. If price goes down, it is good opportunity for BUY.
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Emm I think that buying coins when it is correct is true. But buying altcoins when it is in the dip, is the right choice? Should we only expect in the previous chance? If we are not leaving and taking the decision to buy, we may be enough to see how many coins that I will prefer to choose (hold on_
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Buying in Dip and selling in top is more profitable.But when coin does into dip we wait for it another or more dip and do not pick .Coin goes back and in this way we miss that opportunity to buying in Dip we should make plan and set target for buying and selling in this market.
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Actually buying deeps can be more profitable and also a bit risky, because you can buy deep at a certain amount and the price keeps going down, so for me I think in buying deeps we should always watch market and be sure that the price correction has settled before buying in order not to incure losses
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As I am writing this, the whole cryptocurrency market is experiencing its RED DAY. We are seeing some big dips in many coins and tokens and just mere looking at CMC board we can see that prices are decreasing and seems to me there can be going on for some hours if not for some days before making a good rebound.
Now, are you thinking that this can be the best time to buy some more coins and tokens? Or do you fear that there can be further slides coming which can eventually lead to the so-called "crypto winter" in the market.
Cryptocurrencies market always changing with dip and ups , today market condition very much dull position but tomorrow market would be good position. So I don't fear about market crashing. I always ready to challenge any situations.
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Now I'm definitely buying more dips. After spending weeks/months averaging into Ethereum, defi projects and other protocols are starting to look like great buying opportunities against their ETH pairs. It's ironic as it looks a bit late buying dips against BTC pairs, but still very ripe dips when selling Ether for lower cap altcoins 8)
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The fall in price was all just a correction, such situations always happen, especially in a growing market, after which the price continues to rise
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If the next fall was just a correction, then obviously at the moment it would be nice to make some acquisitions for yourself in the hope of quick growth. All this is of course risky, but it can pay off.
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The problem lies in our not knowing when this price reduction will occur.
I can't judge myself to understand the cryptocurrency trading thing but I also have to be able to know when there will be a Dump for all cryptocurrencies.
Maybe now the market is green and I don't dare to buy it and it's better to wait later when the market is red to buy the lowest price.
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When the market is falling, it is indeed a good opportunity to be able to buy the coins we want. And I will also do that, provided I do have the capital for it.
Of course, I think It is the right time to buy top coin, The corrections is happening now. I see many people already bought more top coin, I have bought polkadot and will hold for several months again.
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Every time there is a correction the market turn to red place. I think once it is happening is the right time to buy the tokens that will increase after the correction. Buy dip is a method to grab the opportunity to buy when the price dump and then hold until the perfect time to sell.