We all know about the crypto situation all over the world. The price of BTC and altcoins keeps going up and down in the last few days. Some people see this as a great opportunity to do some trades. Even though it is risky to do some trades right now, there is no harm in purchasing the dip and waiting for the market to recover back.
Only one group is thinking this way but otherwise, another group is thinking about panic selling their crypto. We cannot prevent this from happening, there will always be a group of people who would panic in situations like these and try to liquidate whatever they have. In a way, it is good but not always right. Sometimes we might even end up selling things at loss. But for people who don't care about their losses, this shouldn't be a big deal.
Think long term
People who don't have any urgent need to take out the money can think long term. Even in the worst case if the market goes down, there will always be another positive trend. In most cases, people who do panic selling are the people who are inpatient and don't think long term. Any investment that happens in the crypto world should also have a long-term consideration. Most of the time the fruit may not be just ready yet. If we are patient, the rewards can be really great.
For people who want to stay invested long-term, these small ups and downs shouldn't be a big deal at all. They can keep doing some swing trades to recover their investment and transaction fees. Thinking only long-term also comes with a little trouble. If there was an opportunity in between to sell and buy back it would have been missed if we only have the long term as the goal. These are a few things that we have to analyze and come up with a conclusion.
Buying opportunity
There would be people who would have sold and booked their profits for a high price. For example, when the price of Hive was over 2$ and close to 3 dollars, many people booked their profits by selling their Hive. The price did not stay there for a long time but we all know that price of Hive can go and reach that place again. In that case, why can't we just buy back some Hive when the price hits below 80 cents. Just 20 cents as profit when the price hits 1$ itself should be a great buying opportunity for us to do the purchase again at 80 cents and wait. We don't really have to wait for the price of Hive to reach 2$ or 3 dollars or even more than that. Even if we sell it for 1$, it is sufficient profit.
Once a wise man told us that we should be selling when others are buying and we should be buying when others are selling. This applies perfectly to the panic selling category. If we can judge and find out how buying and selling works, then it is more than sufficient.
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Posted Using LeoFinance Beta
I only invest in a project that I think will give a lot of profit in long run it's like I buy a little of cheep coin near 1 cent to 30$ sell when it's at peak in a season
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Great share #buythedip !1UP
The current chaos has a lot of impacts on the financial market. To some, it breeds fear whereas, for some, it is an opportunity. In turn, there is an accompanying action - buy the dip or panic-sell.
While it is also important to sell and cut losses for short-term traders, it is also necessary to maximize the discounted prices of crypto
Posted Using LeoFinance Beta
I believe now it the best time to buy more hive to invest before experiencing a positive pump in price.
Scary times for sure but long term it's always best to keep stacking. I'm working one mine so I have enough bandwidth on hive to start doing more. Loving the platform so far!
If it takes more than two weeks to get to $1.17 again, I'll consider powering a portion of it but I'm not selling.
I have an issue of panic buying during dips. My portfolio is down heavily and I am not liquid anymore to keep buying. Since last year stuff started going down and I started buying slowly but it all kept going down.
Now my capital is basically stuck 😅
The effect of the war news between Ukraine and Russia has created uncertainty in the financial market.
Let's all trade safely
Thanks for sharing
Cheers!
💎🙌🏻 My Hands are tight around Hive.😋
Have a good weekend!
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I like the fact that crypto is a hobby and not really my current main source of income. This helps quite a bit and I don't really have to worry about the prices. I try not to think about short term gains that much even if they make me feel nice.
Posted Using LeoFinance Beta
Thanks for this, it always seem like i have no liquidity to buy dips, and i'm always too greedy wanting a bigger profit when i'm up!
Many make mistake and sell what they have when prices start to go down. I did the same once and regret still to this date 😃
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