Quote from: GeorgeJohn on August 16, 2022, 09:54:30 PM

Quote from: Coin_trader on January 07, 2022, 09:02:34 AM

Quote from: Bitcoin_Arena on January 07, 2022, 08:39:12 AM

Quick question.

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? Grin

Well, I have done it before.

The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying

I usually bought when there's a clear pattern already form during the dip then wait for the confirmation. I rarely experience the one you mention on my current trading portfolio since I always set a SL on all my positions when I'm entering position during dip. It's important to watch critical level if there's a downtrend after you enter a position since there's always a possibility for a rejection.

But yeah I understand what you feel because I do experience that most of the time during my newbie trader days. Grin

In a normal circumstances, an average trader knows quit well that cryptocurrency investment is something you will go directly to purchase when it's in the dip market. I understand that cryptocurrency have a particular face and duration foe investors to in, in order to invest and also make sustainable profit per investment. I will say that it's the reason why people do adventure in the investment immediately the market is at dip.

A call to buy the deep was made in Jan 2022 by OP. The deep was supposedly around $41,000 at that time, Today Bitcoin price is hovering around $21K, almost two times less than the previous "dip"

This is exactly what I exactly refered in my first comment. For a long term seasoned trader, not every dip is worth buying.