Post
Topic
Board Altcoin Discussion
Re: Buy the Dip - again...
by
btcluisdiki
on 02/04/2018, 12:32:34 UTC
All the established crypto channels/advisers keep telling everyone to buy the dip and sell the highs. What they don't (and can't!) tell you is where those points are. I have bought the dip continuously for the last two months, and am slowly running out of money. If the dip doesn't stop dipping, I'm gonna run out of money soon. All fun and games, until the bank takes my house.

Well you also forgot to invest only what you can afford to lose, now you are about to lose your house, I also holding on a loss but some of my gains are from buying from dips, you should know when to stop buying on the dip although very tempting, there's always a price to pay for every wrong action.

Yep! that really is it, the books did not tell you to only invest what you can afford to lose. What's the point of investing if you lose a lot in the end?
Having said that, investing should only come from extra money.
Losing your house would be the last thing you wanna do.

Yes, I agree with the above comments and definitely the money intended for investment should have been be a spare money that you are willing to let go if not successful with it. I think that it would also be great to consider another promising altcoin that you are willing to HODL for a longer period until it's price may soon to increase more in the coming months.