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.
Different traders will have different approach and answers with this for sure.
For me, I think... riding with hype would be better if we are talking only the profits here because if you manage to ride with a hype coin like right now its SHIB or the time when DOGE is hyped then you will double or triple or more your capital.
If we will add the factors like the risk on it, I would go on waiting for the dip or at least a correction. We don't know when a coin will be hype and we don't know as well when it will go down but if you managed to buy at the top and fell suddenly then your losses will be huge. Unlike with waiting the dip, your losses might be lower than riding the hype but still you might get some losses especially if the coin bought go lower than your buying price but if you believe that it will go up after then its all good.