Buying the Dip in Crypto Market
In the Crypto market, most of the traders want to buy the dip. What I'm trying to say is that everyone wants to buy different points at a lower price but the question is how do you determine that this price level is the last and right time for you to buy? This is hard to measure and very difficult to predict because we do not know how things are going to work in the market in the next moment.
Even the experts are not able to figure out the exact lowest point despite having a better understanding of the market and different types of analysis. In my opinion, instead of worrying about figuring out the lowest price mark, we should focus on part buying. On average many coins drop their value by 60 to 70% from their all-time high then it is considered bottom. There are very few coins that lose their value by more than 90% however a drop from 60 to 70% is considered as a good amount.
Baby you're lucky enough that you can buy some coins at the lowest price and the moment you buy it starts picking up. It may happen and I'm not denying the fact because everything is possible in the market however achieving this intentionally seems difficult. We should not be discouraged when the price goes further down after buying and vice versa.
I follow a buying practice that I prefer not to buy everything in one go instead buying in part is my preferred way of investing. Once any asset is below the mark that I have figured out during my research then I start buying with certain percentage of my investing money. I continue to buy on different pricing levels and this allows me to do the dca kind of investing. The only difference we have here is that it is not the automated format of buying and investing in the project instead it's a manual way to buy and grab assets at different price levels.
If you would like to share any insight about buying the dip and how we can make the most out of it then please do share because it can help me understand well and also other readers are going to enjoy the thought that you share.
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Buying dip is the most difficult thing and there is no solution but as you said part buying is the best and this is the only good option to do. Thanks for this great piece of knowledge.