What have you learnt from this huge dip?

[RottenApple]

I learned that one must keep some USDTs laying around to take advantage of these types of dips. (Maybe 20% of the budget)

As I currently have all my crypto budget invested in coins that need to go back an average of 90% up to just get even.

No chance to invest in the dip as my hands were tied. But not selling for a loss. Hold guys be strong!

Let's share what you guys learned, that could be helpful for most of us.

 

[Ashway]

1) Only invest that you can afford to lose
2) Use stop loss
3) keep some usdt aside for dip buying opportunities.
4) ignore shitcoin shilling threads on BHW

 

[macdonjo3]

I've learned diamond hands and paper hands are just a meme. Doing a lot better than my friends who are riding it out and trying to prove they have diamond hands. I sold and bought in like at a much cheaper position so I'm doing well. Buying in incrementally more as it dips more.

Tldr - Stick to your gut and not the weird kids from high school who preach they are now crypto investment pros with diamond hands.

 

[CoderFromHell]

I learned that next time they hit all time highs again I should sell so I can prepare for the dip

 

[TheGreyMatter]

In the long run, it all averages out so stop worrying at every dip if you're an investor.

Play smarter if you're a trader and set your daily limits/goals.

 

[SocialManager]

I've learned diamond hands and paper hands are just a meme. Doing a lot better than my friends who are riding it out and trying to prove they have diamond hands. I sold and bought in like at a much cheaper position so I'm doing well. Buying in incrementally more as it dips more.

They are not a meme at all. You are working off the assumption that they mean timing the market is impossible. That is not what they mean. Of course you can get lucky and time the market to sell high and rebuy at a lower price. You might even find some signals to analyze that make this a much more calculated risk. However, doing it a single time doesn't mean much. What happens is that most people miss the opportunity to buy back in for a lower price, either because it already reached the bottom, or quickly rebounded when it dipped lower. This forces them to buy back in at a higher price, which many are unwilling to do, and they end up missing out on future gains entirely.

There are people with PhD's who design complicated algorithms to do what you are acting like is common sense.

People who do this professionally for decades still end up making bad decisions trying this.

However, the crypto market has proven over its entire existence that the gains are so strong and so fast, holding is the best thing you can do.

Its existence is relatively short, but that is what we are working with.

 

[RottenApple]

I've learned diamond hands and paper hands are just a meme. Doing a lot better than my friends who are riding it out and trying to prove they have diamond hands. I sold and bought in like at a much cheaper position so I'm doing well. Buying in incrementally more as it dips more.

Tldr - Stick to your gut and not the weird kids from high school who preach they are now crypto investment pros with diamond hands.

True, that came to my mind. But wasn't sure where the dip bottom was to take that move. All translate to experience. lol

 

[693840]

During the dip I learned that falafel is delicious

 

[jake lionar]

falafel is delicious

it that what i think ti is?

 

[macdonjo3]

There are people with PhD's who design complicated algorithms to do what you are acting like is common sense.

It's not an algorithm. Simply selling when others get greedy is the same kind of advice you'll find in basic investment books.

There's no way to programmatically measure greed and that's why no algorithm exists. The egg heads doing that are the same classmates I hired when I was studying CS at the University of Toronto.

@RottenApple - Very true. Honestly, with my approach, it just depends on when people switch from greed to skepticism. I read that on general social media, not crypto places like here or Reddit. I try to follow the thinking of the average man and then outperform it. Once they turn skeptic, then you buy but right now everyone is still shilling buy the dip. My parents and grandparents both own different cryptocurrencies and that kind of quick adoption has me skeptical. My guess anyways and each will have their own techniques. I could have been wrong just as much as I could have been right but either way I'm doing well now as I've already repositioned much of my portfolio. Only a bit more USDC to allocate.

 

[kaurr]

1) Only invest that you can afford to lose
2) Use stop loss
3) keep some usdt aside for dip buying opportunities.
4) ignore shitcoin shilling threads on BHW

all the people who used stop loss are the actual loosers in the game...

biggest winners = guys who sold before the fall started transfered money to eur and bought back double amounts of crypto for same money while it reached bottom
semi winners = guys who didnt sell anything and just kept holdin the ropes as they will be back in profits in some of days or weeks
biggest loosers = guys who sold everything in loss and dindt buy the dip and just run away with lost money.

l2p

 

[Salamouna]

We are here since 2015
We learned from the 2018 dip

 

[OlafRustle]

Buy low; never sell

 

[Willyfish]

Well I learned that double dipping is a nasty habit...

 

[693840]

it that what i think ti is?

No idea, it's a vegan food.

 

[alus1onZ]

 

[Jopeyes]

I've learned diamond hands and paper hands are just a meme. Doing a lot better than my friends who are riding it out and trying to prove they have diamond hands. I sold and bought in like at a much cheaper position so I'm doing well. Buying in incrementally more as it dips more.

Tldr - Stick to your gut and not the weird kids from high school who preach they are now crypto investment pros with diamond hands.

You were lucky this time. There is evidence to prove that simply holding instead of trying to buy/sell predicting the market is better long term. Whatever experience you might have. Unless you do this for a living perhaps some can be better but very unlikely.

 

[duckduckgoo]

I learn to hold and ignore people who tell sell as they are jealous to your asset

 

[insom]

1. Its just as gamble, so ONLY INVEST as much as you are willing to loose.
2. ETH and bitcoin are long term and keep 60% and forget about them.
3. Buy shitcoin before the hype (thanks @IG Professor for SHIB ) they can give returns which you can play with.

 

[ragnarson]

not having enough to buy the dip & using limit orders to optimize entries