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Why Buying The Dip Is STUPID In This Cryptocurrency Market

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Conventional wisdom in the cryptocurrency space is to "Buy The Dip". That is well and good when times are good, but is the fastest way to go under under when bitcoin and the crypto markets are on the down trend. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Useful Links ► Cryptocurrency Market Caps: https://coinmarketcap.com/ ► ICOAlert: https://www.icoalert.com/ ► Crypto Charting: https://www.tradingview.com/ ► Philakone's Awesome Trading Tutorials: https://www.youtube.com/playlist?list=PL5brTFluwn1nV0uuSZQtEIKjdb1wuzr0s ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Social Links ► Twitter: https://twitter.com/YourAltcoins ► Instagram: https://www.instagram.com/youraltcoins/ ► Business Email: [email protected] ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Referral Links (If you want to show B some love) ► Start Buying Cryptocurrency (We both get $10 FREE): https://www.coinbase.com/join/5a39452edb858807a07cdc63 ► Create an account at Binance and start trading for free: https://www.binance.com/?ref=15825150 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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Text Comments (76)
Rabin Sujan (18 days ago)
Good updates , keep it up the quality work ! I am super interested in Scidex. I have been doing a lot of research on ico.
Yong Sim (21 days ago)
Buy the dip !!!
Jo L (22 days ago)
Perhaps a stupid question, but why is it more people then not, try to acquire more bitcoin then anything? And use alts to do it? As far as percentage of gains, it is by far the worst. I have kept track of this, and out of all the coins/tokens I hold, bitcoin has done the worst, BY FAR! So I always wondered why??? Am I missing something? Thanks.
Jaime Enrique Cruz (22 days ago)
Buy the dip stupid
A2k L (22 days ago)
Can you use the retracement tool on Zilliqa see if it dipped into the golden pocket
ogrim weu (22 days ago)
so lets not buy the dip lets buy the top
CRYPTONOMICON (23 days ago)
Hey B, keep up the good work ur one of my favz
darrell levy (23 days ago)
B. Your Crazy Rant on buying the dip is good common sense. Thank you very much. Love your videos
Aartjan Venema (23 days ago)
guess what, how do I know a dip isn't the end of a bullmarket?
Aaron Ming (23 days ago)
Has the new higher low been established, or is it simply a corrective move before going down further?
Andy Raman (23 days ago)
your soundproof room is a killer dedication
ETube37 (23 days ago)
Wen bull?
ETube37 (23 days ago)
So dont catch a falling knife...k got it
ETube37 (23 days ago)
So why again?
Fabio (23 days ago)
The most promising and disruptive project nowadays is Holo from Holochain, token HOT
Victor Ov (23 days ago)
I buy at $7,500 and sell at $9,800 I did it 4 time already just bought some and gonna wait until it gets to 9,800 and sell...
tyler cobb (23 days ago)
Woohrahaa!! Great video!!
Debra Duperroir (23 days ago)
Thanks B, this video made me think since I want to buy some more ETH.
Gary nilknarF (23 days ago)
TA is worthless in crypto st this time, not enough past history
Gary nilknarF (23 days ago)
Face for radio....j/k..... yeah for green.... I just started watching, but I read the caption... but I've been buying the dips, intrested to hear why I'm stupid
Bass Boost Mobile (23 days ago)
4.5k btc?
Michael Dela Cruz (23 days ago)
I agree with you but I also think that a bear market is a good time to accumulate. I'm not saying to spend your warchest on any three trades but what's the harm in trying to DCA into some cheap assets before they go up? I think trying to guess the dips in a bull market is super risky as well. As always thanks for your great work!
Greg Pifer (23 days ago)
Futures rekt the market and this looks like another pump to short
Onur Mutlu (23 days ago)
btc to go down again before we moon
Randle McMurphy (23 days ago)
You can even buy the tops in a bull market
Jeff Me (23 days ago)
I had a buy order for 3 days @112.42 for LTC it was finally filled and after going up a bit it dropped to 110. Only missed low by $2 and change one of my closer calls. :-) To me it was a good buy.
Kwan Howard (23 days ago)
Haven't heard you since January...welcome back.
pogo dark (23 days ago)
I wouldn’t buy right now I believe tonight the prices are going to crash. Market cap may wake up at 290 -300 B
Marx (23 days ago)
six months in, WERE IN A BEAR MARKET! Obviously! Any bottom perdictions?
Bass Boost Mobile (23 days ago)
4.5k
AZTRO REV (23 days ago)
I love this channel. Thanks B
Marx (23 days ago)
Your Altcoins > Crypto Jebb
Joe Taranto (23 days ago)
Bottom right is a bad place to explain your charts because there is a big bearded ginger head in the way.
MR T (23 days ago)
Nice work B
Rob Boulton (23 days ago)
Bought in last night ethereum at the low and made 10% in a day so im happy with that
Kyle Conaghan (23 days ago)
This spike means nothing!!! It’s just a whale spike to stimulate more price action so they can dump it all for a profit.
iTz GNik (15 days ago)
Ralph Quaglia good explanation 👍🏻
Kyle Conaghan (22 days ago)
Jo L no, I think you’re missing my point entirely.
Ralph Quaglia (22 days ago)
no they try to incite a pump, which they did. People fomo in and they dump when it reaches the objective. they bought the spike all the way up and probably make 2-300 per bitcoin when they dump it. If they pumped in 100 million like you say, tha'ts 14,000 bitcoins. times 200-300. do you really think that is a natural spike of $400 in 25 minutes? Out of nowhere.
Jo L (22 days ago)
I never understood the thinking behind this...So I got this straight, you think some whale dumped $100 million into bitcoin, to lower the price, and lose all of their money??? I see people saying this a lot, but the concept makes no sense. Who would invest a lifetime fortune into something, to lose it?
Ralph Quaglia (23 days ago)
yes
Robin G (23 days ago)
I'm not convinced this was the new low yet.
Timo (23 days ago)
B! What do you think about Theta Token (THETA)? I like the concept and it just launched on Binance :)
Timo (22 days ago)
Just sold a bunch, made 17% profit in the last 2 days on Theta!
Timo (23 days ago)
Yes it went very high last night! 20% on my portfolio haha
Oli Howlett (23 days ago)
I love it too! Glad I picked it up on Huobi before Binance listing! :D
The Woodsman (23 days ago)
Timo I think theta is on a tear. Testnet on June 2. Binance listing a few days before. It's going to rip. One of my favourite alts
Matt Nelson (23 days ago)
Thanks for the video B
Leon Beis (23 days ago)
Once more, 0x is SO much more than just a DEX. Its a PROTOCOL, and its the power behind DEXes(like bitfinex's ethfinex or Aragon or even Paradex that *hint* Coinbase *hint* acquired last week), oracles like Augur or even derivative markets (dy/dx). Please check it out, I swear i'm getting triggered everytime you call it a DEX.
Joe Taranto (23 days ago)
I liked it better when I thought you looked like a tiny Indian man.
Vladimil Santana (22 days ago)
😂😂😂😂😂😂
Nicholas Lubrano (23 days ago)
lmao
Dale Freese (23 days ago)
lol
Richard Blackmore (23 days ago)
buy red sell green. of course no "system" is perfect ...you don't know what will happen in the short term, but at least you'll get a cheaper price if you buy when prices are lower
Kevin (23 days ago)
Just a suggestion... try removing the background Grid lines. Go into Settings > Background and set the Vert and Horz colors to the same as the background color. it looks so much better.
Nicholas Lubrano (23 days ago)
A technique I use which you may not have accounted for is exponential cost averaging on bear market dips. Example, big red candle buy $500 fiat, a week later if more red, put $1000 fiat and so on while the market is down. With this technique you don’t have to worry about buying at the right time on the way up
Nicholas Lubrano (22 days ago)
Stephen thanks, will try to manually try some trades like this on binance or kucoin, don’t like any other exchanges atm unless you consider Abra an exchange
Stephen (22 days ago)
Nicholas Lubrano you can set scaled order on bitfinex, set and forget. i.e set buy $500 worth of 0x at $1.10, 90c, 70c...sell at $1.60, 1.80 etc.
Nicholas Lubrano (23 days ago)
bit riskier on the upswing on when to put more fiat, but i see what you're saying
Leon Beis (23 days ago)
Same way when taking profits on the upswing, well said.
Crypto Time (23 days ago)
B what's up, what's up, the bull is back!
Shane Potter (23 days ago)
Both strats work.. those chasing higher highs during bull runs and those dumpster diving. There are more than 1 way to get to your destination. Both strats have their masters.. there are groups out there running hedgefunds that almost always short for instance.. and make money. Horseman capital was net short pretty much 5 years of a bull market and outperformed it.
Hey B good to put a face to the name. Thanks for your video always enjoy them. 👍
Mike Jones (23 days ago)
It ain't stupid if you buy the dip and sell the tip
said sai (23 days ago)
btc to 6000$
said sai (23 days ago)
i hope so
BTC ain't crashing (23 days ago)
said sai Haha. Not happening! BTC to 10k+

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