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Author Topic: Buy The Dip -- Will You Do it?  (Read 1671 times)

Online TomPluz

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Buy The Dip -- Will You Do it?
« on: January 22, 2021, 04:52:55 AM »

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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Buy The Dip -- Will You Do it?
« on: January 22, 2021, 04:52:55 AM »

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Re: Buy The Dip -- Will You Do it?
« Reply #1 on: January 22, 2021, 10:06:18 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #1 on: January 22, 2021, 10:06:18 PM »

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Re: Buy The Dip -- Will You Do it?
« Reply #2 on: January 22, 2021, 10:44:36 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #3 on: January 22, 2021, 11:38:44 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #4 on: January 23, 2021, 10:37:00 AM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #5 on: January 23, 2021, 12:44:06 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #6 on: January 23, 2021, 12:49:50 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #6 on: January 23, 2021, 12:49:50 PM »


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Re: Buy The Dip -- Will You Do it?
« Reply #7 on: January 23, 2021, 12:59:41 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #8 on: January 23, 2021, 01:20:59 PM »
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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Offline shiming

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Re: Buy The Dip -- Will You Do it?
« Reply #9 on: January 23, 2021, 01:48:58 PM »
Every time the market drops sharply, I will buy some bitcoins. Others panic and I am greedy. 8)

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Re: Buy The Dip -- Will You Do it?
« Reply #10 on: January 23, 2021, 02:15:05 PM »
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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Offline Crypto Guard

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Re: Buy The Dip -- Will You Do it?
« Reply #11 on: January 23, 2021, 02:50:11 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #12 on: January 23, 2021, 03:29:29 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #13 on: January 23, 2021, 05:06:59 PM »
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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Re: Buy The Dip -- Will You Do it?
« Reply #14 on: January 23, 2021, 05:48:27 PM »
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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