Dip buyers are the smartest. Did you buy the previous dip?

in LeoFinance2 months ago

Once again the market proved that the dip buyers are the smartest. The market has recovered very well. Today even though the market shows some red signs, yesterday was a good sign of recovery for the market. I'm able to see that ETH is going towards a new ATH and Bitcoin is going towards reaching its 60k spot. I see other ALT coins are also doing good. Cardano recovered from a big dip and is also green right now. XRP was trading at 88 cents in the dip and now it has fully recovered and the price is looking very good.

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The all the more good news I was able to see was that Hive just pumped from 50 cents to 75 cents. Though who used this opportunity to invest in Hive at 40 or 50 cents would be lucky and already be ready to book their profits. I was able to make some purchases but then I thought what if the market goes further down and missed the opportunity to purchase Hive.

I did not have enough funds to purchase anything in the previous dip. I invested all my liquid funds on Polkadot and ADA during the last dip. The market hasn't even reached the bought price yet. Even though I see a good sign of recovery, I wish the price recovers a bit more so that I can be happy about booking a small profit and exiting. I bought Polkadot at 35$ last week wishing that it would reach 45$ in the short term so that I can book some profit.

If you remember the same happened in the last correction as well. When the price of Polkadot went to 30$, I wanted to purchase it and I did it. I then sold it when the price hit 37 USD. I was happy with that short profit. I thought a new base was already set for DOT and that is the reason why I bought it this time for 35 USD. There is no sign of a pump yet. Last time at least the price hit 48 USD. This time if the price hits 45 USD, I will be happy to sell my holdings and exit.

I already have a decent amount of DOT tokens saved for the future. This short trading that I'm trying to do is something apart from those holdings. When the price of Hive went to 45 cents, there was a buy call. We all know that a new floor price has been already set for Hive so it is unlikely that we see the price of Hive again in 12 or 19 cents. Those who bought Hive at that price are the lucky ones.

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Even though I made a huge mistake by selling all my BTC holding and purchasing Hive at a very low price. When I did that mistake BTC was also low and Hive was also low. Later BTC went to a height that nobody would have imagined. If I had held my BTC holdings intact, I would have walked with a good bag of money. But in a way, I'm happy because Hive has also recovered and the wallet worth is looking good.



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I did not buy the dip but I am fine since I didn't sell either. Its tough to decide what to sell and buy. Sometimes the winners keep running and other times the losers gain more but I am happy that HIVE is also up as well. I just wonder if this is a pump and dump or a sustainable rally.

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The lesson that I have learnt is to not only buy the dip, but to buy it slowly.

Keep a stash of funds set aside whilst prices are bullish. When it dips, don't panic into using up all your spare funds at once. Drip them in as the market declines. Then you can sell on the way back up again.

But it's hard for investors to keep a spare "pot" of funds. They want a return on money, not to let it sit there.

I guess it's the age old Optimist vs Pessimist viewpoint as to how you want to work your own strategy.

Posted Using LeoFinance Beta

THIS!!!
I always make the mistake to buy as soon as I notice that everything crashed... just to see it crashing harder :°D

Posted Using LeoFinance Beta

I learnt this lesson early in 2018... when I threw the kitchen sink at XRP, buying it massively when it dropped from $3 to $1.80....

So yes, I very much subscribe to this buy-slow mentality!

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Wait for the dip and buy at that exact moment is my strategy too. It could be boring but you need to wait for the right time.
I bought some portion of BTC when it was around 4K mark and sold some portal when it doubled to recover my investment. I still have my investment and I don’t have to worry about price any more as I recovered my in it’ll investment.
Very good strategy 👍
!LUV 1

The HIVE is doing well on the market and it should be able to compensate you for the profits you would have made if you kept your Bitcoin...@bala41288


Posted via proofofbrain.io

I did manage to buy some BNB during this time . Want to buy more Hive using that .

Posted Using LeoFinance Beta

I think there is a lot of regret reading this post and comments, but if you invest regularly each week, you will by the dip (unless its a short one less than a week), that's one way not to miss out!

Posted Using LeoFinance Beta

I like to Dollar Cost Average my position, which is essentially purchasing every month as my salary is paid. If there are huge price swings before this time, I take my spare stash and invest more. A good method for me during the down swings is to buy gradually, and increasing to buy more as the prices drops.

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Hive has also recovered and the wallet worth is looking good.

The weakness of hive is that there is no official marketer. There are million people out there, they do not know hive at all.

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The market is recovering fast, what we have to hope is that there are no absurd speculations and greed that make it fall again.

At what price do you think HIVE will reach?

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I managed to buy a little ETH and RUNE as well as a little more LINK. I also have small autobuys in on bitcoin so I'm always getting that whether it dips or moons. My problem is I never sell. lol I just keep accumulating because we're so early in the crypto world I just see pretty much anything of quality going a lot higher over the rest of this bull run and mooning even more in the next one. I DO need to start building a little stablecoin fund, but as others have said, it's hard not being fully invested during a bull run.

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 54 of my contest just started...you can now check the winners of the previous week!
!BEER
7

Sorry, out of BEER, please retry later...

Yeah I bought on Seafloor Sunday!!


Posted via proofofbrain.io

Hi @bala41288, you were just shared some LUV thanks to @harpreetjanda. Holding 10 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares

I'd say ETH will score a new ATH. Happy to see HIVE recovering.

Posted Using LeoFinance Beta

I was able to get a bit from the dip but I always wish I could have gotten more!

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Yep. I bought the dip.

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I did buy the dip, I bought BNB, CAKE, BTC and ETH. Made a nice little profit!

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The dip is the best point of crypto purchase

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I always have some cash on the side to buy the dips recently the dips have been dipping more so I have to reload that stash. Buying the dip of $CUB if my fiat monies arrive in my BSC wallet ;)

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I missed this opportunity.. I think I have to re strategies on how to face the market but anyway there are always opportunities in the crypto world

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