07-20-2021, 08:16 PM
Don’t blow all your money on this dip - it can get much worse.
<!-- SC_OFF --><div class="md"><p>I first invested in crypto during the 2017 bull run, and I wanted to pass on a lesson I learned the hard way. When the market crashed in early 2018, my immediate response was to buy the dip because I wanted to DCA and recoup my losses. Then the market dipped again and I bought the dip again…then again…then again…then again…you get the picture. By chasing every single dip, I broke the golden rule of crypto - never invest more than you can afford to lose. I financially struggled for a while because of the position I stupidly put myself in.</p> <p>Have a game plan, space out your money, and be patient. Every time I bought the dip, I thought “Wow, these prices are insane! It can’t get much lower than this.” Well yes, it can go much, much lower.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TurbulentMoon"> /u/TurbulentMoon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oo6rrz/dont_blow_all_your_money_on_this_dip_it_can_get/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oo6rrz/dont_blow_all_your_money_on_this_dip_it_can_get/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I first invested in crypto during the 2017 bull run, and I wanted to pass on a lesson I learned the hard way. When the market crashed in early 2018, my immediate response was to buy the dip because I wanted to DCA and recoup my losses. Then the market dipped again and I bought the dip again…then again…then again…then again…you get the picture. By chasing every single dip, I broke the golden rule of crypto - never invest more than you can afford to lose. I financially struggled for a while because of the position I stupidly put myself in.</p> <p>Have a game plan, space out your money, and be patient. Every time I bought the dip, I thought “Wow, these prices are insane! It can’t get much lower than this.” Well yes, it can go much, much lower.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TurbulentMoon"> /u/TurbulentMoon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oo6rrz/dont_blow_all_your_money_on_this_dip_it_can_get/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oo6rrz/dont_blow_all_your_money_on_this_dip_it_can_get/">[comments]</a></span>Kind Regards R