How to Buy the Dip Like a Normal Person || Some of My Thoughts

source

---

In my previous post on sub $1 HIVE I talked about being bold and grabbing the opportunity to buy as soon as possible. Here's the post for reference:
Sub $1 HIVE is Here || Be Bold and Accumulate

"But when exactly do you buy the dip?" some might ask. How? Why? Well, the how and why are another story. But the when is an interesting one, which we will take a look at now. When do you exactly "buy the dip"? How do you know what the dip is? Is $0.80 HIVE the dip or is it going to 70 cents.
The answer is simple. I don't know. You don't know. And at the end of the day nobody knows for sure. We can make predictions though.

In my opinion there are two ways to go about it. One is to pick a price which you consider to be "the dip" and buy. And then you don't look at it for a while until the price goes up again. This means not panic selling when it drops even further. This way has worked for many who have the patience required.

If you want to be a bit more active and spread the risk, another way to go about it is DCA the dip, dollar cost averaging. This is when you buy at certain points or intervals by a certain amount. You decide the interval and the amount. For example $50 every 5 days. Or maybe $100 every the price drops by 10 cents. After you're done buying, you calculate your average buying price and wait for the actual price to pass that. And then, profit of course.

There are many ways to buy the dip, and each person has at least one method that works for him/her. All you need is some strategy, along with research, nerves of steel, and lots and lots of patience.

[ Uniquely Clever Sign Out Message Goes Here ]

Posted Using LeoFinance ^Beta