"Buy the Dip" they say, But it's a Nay For Me

(Alesia Kozik via pexels, edited via pc tools)


Perhaps most of us have encountered the phrase "buy the dip" which sometimes gets literally understood as it is. I have been there and done the same. Bought in one go only to see the price kept going down until it got to the point where I got really scared and sold at a loss.

Sounds familiar?

I guess most of us committed such a mistake at one point in our crypto lives. But it makes me cringe each time I see my buy and sell histories on the exchanges where I traded over the years, lol!

The wonky market certainly reminded me of those impulsive decisions I've had where I never really learned lessons even after a few years in the crypto and stocks radar. Coming to Hive however gave me the real poke in the head. I guess it's here where I've been given the nudge to evaluate what I was trying to achieve. And thanks further to LeoFinance for widening my learning scope.

Here, I started to learn and see the importance of the Dollar Cost Averaging (DCA) method especially when one wants to accumulate a crypto asset. It does make sense to invest a certain amount of money at a set time over a long period and in doing so, one is able to minimize the risks due to price volatility.

• For those who are yet to learn how DCA is done, an example would be setting aside $10 a week to buy $RUNE every Monday morning for the next 5 months or so. This means one must have a steady source of money to make it happen.
  
  
• I've read that one thing to consider when doing this is the market situation. You wouldn't really want to be buying when prices are spiking up, would you?
  
  

What I usually did before was what they call "Lump Sum Investing", an investing term I learned reading from anomadsoul some days ago. This method didn't really work well for me because I got stressed out and ended up with no crypto in my bag and a lot less dollars in my purse.

Am I buying the dip?

Not really. But I'm buying $HIVE daily no matter the price (and $LEO too from time to time) with whatever amount I could. This perhaps my own way of DCA-ing, thanks to HBD rewards for making this possible.

Do I even sell?

I'm not selling any of the two assets mentioned above. I'll just keep stacking them up. Just gonna keep building, hodling and staking them with the hope that years from now, I'd be able to see and perhaps enjoy the fruits of my grips.

That being said, I do trade other crypto in a few CEX. I guess the lure of trading for profit is still in me although I am more conservative and careful now (I was more of a gambler before, lol!)

So how about you, what investing strategies do you employ? how often do you buy and sell crypto? Please do share and let's learn together :)

Thank you and wonderful day!