01-22-2022, 05:25 AM
Before taking advice on this sub; remember the average user only has ~$480 on the li
<!-- SC_OFF --><div class="md"><p>I've seen several posts calling for "Buy the dip" and DCA since the bear market started</p> <p>These posts only increase when the chart is green not red. Usually with no TA or FA backed advice just "I timed the bottom; up X%." It works trust me</p> <p>I know it is easy right now if you have a sub $500 account to jump in. But when it grows to $10,000 you need to realise the risks involved</p> <p>Taking profits isn't a sin. "No one ever went broke taking profits". I'm not saying you sshould take profits now, but rather consider doing so when we see a bounce. Because if we are in a bear market things will get rough.</p> <p>But a lot got REKT HODL to the bottom, specially those that held altcoins during bear markets, most solid projects from 2017 crashed and never recovered</p> <p>When you see a post with no chart analysis, fundamental news or even a market shift. But is calling for you to HODL and buy the dip. That guy just got lucky or wants you to pump thier bags</p> <p>Waiting a couple days to do some research or hell laddering in 25% a time is good. But remember that each case is different and 1.000 dollars might be very different for someone in the 3rd world like me or someone making 100k+ a year.</p> <p>So know your situation and review your holdings</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/joacomendi"> /u/joacomendi </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s9h4y0/before_taking_advice_on_this_sub_remember_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s9h4y0/before_taking_advice_on_this_sub_remember_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I've seen several posts calling for "Buy the dip" and DCA since the bear market started</p> <p>These posts only increase when the chart is green not red. Usually with no TA or FA backed advice just "I timed the bottom; up X%." It works trust me</p> <p>I know it is easy right now if you have a sub $500 account to jump in. But when it grows to $10,000 you need to realise the risks involved</p> <p>Taking profits isn't a sin. "No one ever went broke taking profits". I'm not saying you sshould take profits now, but rather consider doing so when we see a bounce. Because if we are in a bear market things will get rough.</p> <p>But a lot got REKT HODL to the bottom, specially those that held altcoins during bear markets, most solid projects from 2017 crashed and never recovered</p> <p>When you see a post with no chart analysis, fundamental news or even a market shift. But is calling for you to HODL and buy the dip. That guy just got lucky or wants you to pump thier bags</p> <p>Waiting a couple days to do some research or hell laddering in 25% a time is good. But remember that each case is different and 1.000 dollars might be very different for someone in the 3rd world like me or someone making 100k+ a year.</p> <p>So know your situation and review your holdings</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/joacomendi"> /u/joacomendi </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s9h4y0/before_taking_advice_on_this_sub_remember_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s9h4y0/before_taking_advice_on_this_sub_remember_the/">[comments]</a></span>Kind Regards R