02-25-2022, 02:52 AM
How do you determine the difference between catching a falling knife and buying the
<!-- SC_OFF --><div class="md"><p>I guess this boils down to: do you hate losing more than you love winning, or do you love winning more than you hate losing?</p> <p>Since yesterday when Bitcoin was at $37k, I've been seeing a lot of posters talk about not catching a falling knife. Bitcoin is down 50% from its ATH just a few months ago. Many altcoins are well over 50% too.</p> <p>Like anybody, I hate the idea of catching a falling knife and watching the value of my investment drop immediately after buying. However, missing the opportunity to buy more and increase my position in an asset I want to hold is even more agonizing.</p> <p>Too many times I've waited and ended up missing out. Back in August of 2021, when BTC dropped to $29k and ETH to 1,800, for example. Sure, I bought on the way down, but not nearly half as much as I wanted to as I didn't want to catch the falling knife. Both coins rocketed back too fast for me to realize what was happening.</p> <p>So many posters saying this is a falling knife sound like they're talking out their asses.</p> <p>So how do you decide when a knife is falling or to buy the dip?</p> <p>​</p> <p>Edit***</p> <p>Damn, kinda surprised by all the thoughtful, well-reasoned responses. Was expecting a barrage of shitposts. Russian drama got you bringing out the sensitive side. ;-)</p> <p>​</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Vaginosis-Psychosis"> /u/Vaginosis-Psychosis </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t0bieb/how_do_you_determine_the_difference_between/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t0bieb/how_do_you_determine_the_difference_between/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I guess this boils down to: do you hate losing more than you love winning, or do you love winning more than you hate losing?</p> <p>Since yesterday when Bitcoin was at $37k, I've been seeing a lot of posters talk about not catching a falling knife. Bitcoin is down 50% from its ATH just a few months ago. Many altcoins are well over 50% too.</p> <p>Like anybody, I hate the idea of catching a falling knife and watching the value of my investment drop immediately after buying. However, missing the opportunity to buy more and increase my position in an asset I want to hold is even more agonizing.</p> <p>Too many times I've waited and ended up missing out. Back in August of 2021, when BTC dropped to $29k and ETH to 1,800, for example. Sure, I bought on the way down, but not nearly half as much as I wanted to as I didn't want to catch the falling knife. Both coins rocketed back too fast for me to realize what was happening.</p> <p>So many posters saying this is a falling knife sound like they're talking out their asses.</p> <p>So how do you decide when a knife is falling or to buy the dip?</p> <p>​</p> <p>Edit***</p> <p>Damn, kinda surprised by all the thoughtful, well-reasoned responses. Was expecting a barrage of shitposts. Russian drama got you bringing out the sensitive side. ;-)</p> <p>​</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Vaginosis-Psychosis"> /u/Vaginosis-Psychosis </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t0bieb/how_do_you_determine_the_difference_between/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t0bieb/how_do_you_determine_the_difference_between/">[comments]</a></span>Kind Regards R