Make sure you dollar cost average your way into a dip, or you'll be sorry.
I know the whole "Buy the Dip" mentality is ingrained in all of us from the start, but let me tell you... the whales are on to us!
If you would have bought the latest dip as soon as it occurred on January 8 2018, you would still be bleeding money at this point in time.
Hence the reason why, you should get into the practice of putting a little bit of money in at a time, after a full fledged dip correction in the market.
The whales are whales for a reason, and most of them are actually pretty smart, so they know people are going to jump in at the first sign of a fire sale, but now they know this.
So, with that being said, simply ease yourself into the coins and tokens you've been waiting on to buy, and spread it out over a few weeks even, this way you'll most likely know for sure, if the bleeding has actually subsided.
How do I know the dip is in a uptrend?
Once you see a few consecutive days of price increases.
A day in the crypto world is like an year . But definitely wait for a day because the news has to reach the whole globe and considering the time difference its worth waiting for a day minimum.
You're exactly right, plus, bad news generally breeds more bad news, so its best to sit and wait on the side-lines until it blows over.
Thats a very important suggestion. Buy the dip is a well known fact, but which dip is more important. People exhaust their investments in the first dip they see and then regret.
A point to note here is 1 day in the crypto space is like an year.
Indeed, that's why dollar cost averaging is so important, and you should slowly buy things up as soon as there are signs of bullishness in the market.
Tolkatore, do you own a 'buy the dip' t-shirt ?
Ha ha, no not yet, but I am more of a fan of buying the up-tick instead.
Lolz "btfut" btw do you have any thoughts on this you could share?
https://steemit.com/eos/@johnchamberlain/telegram-open-netork-ton-an-elaborate-hoax
I just left my thoughts on your post John, and thanks for sharing!