Quote from: hichamito37 on October 12, 2021, 11:24:21 AM

Quote from: stadus on September 27, 2021, 02:55:49 PM

To those who are trading consistently, I would like to ask you based on your experience.

Which is easier in making a profit, riding with the hype, or waiting until the price will dip?

Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.

I feel both are good and profitable but to know which is easier depends on the timing. but if you get into hype investment, i think in short time will get huge profit but high risk because it is inflated and when you want to sell high buy back low price and expect it to go up again original price very difficult . On the contrary, when investing in a long-term project, we can safely wait for the price to rise, then sell at a high price, then wait for a low price to buy back to continue making profits in the long term.

It also depends heavily on your preferences, there are risk takers that can easily ride the hype and most importantly they do not suffer any bad effect from doing so as several people could experiment stress, insomnia and other issues and as such they cannot really ride the hype, however there are others that prefer to buy the dip and in order to do so you need to have diamond hands as it is easy to get scared about your investment if the price keeps going down, and you do not want to sell at the very bottom just as many people have done in the past.