Why we miss the dip

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Everywhere is red, the crypto market is bleeding. Everybody like buying the dip but do you know that 50% of people that want to buy the dip ends up not buying. Even many people sell off most of their assets during this period.

Most people that sell off during this period are people that buy a coin because of short time gains or invest the money they can't afford to lose. Dip suppose to be when we see more buying pressure in the market but reverse is the case but why is it that people don't take advantage of this time.

Fully dependent on crypto.

One of the reason why people don't take dip opportunity is because of money inflow from crypto and no other source income to generate money. True believer of a project goes all in without backup plans and during dip market they can't buy because is doesn't make sense selling their holdings. That's why is good to have other income apart from crypto to maximize your chances of success.

Fear of more dip

Fear of more dip is always a major reason for many especially for those that experience the 2018 dip. More dip happen most times and there's nothing more terrifying than buying expecting to go up but going down instead.

Choice

Too many people have the opportunity to buy the dip but they choose not to buy, choice is very important in Crypto game and it goes a long way. Sometimes we choose right and sometimes we regret our choices, irrespective of anything you choose is better to stick with what you believe in. if you believe buying the dip is right you can buy it but if you have a gut feeling that you should hold your money don't buy then, sometimes our feeling is better than T.A.

Thanks for your time.

Posted Using LeoFinance Beta



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4 comments
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That is a common mistake made by those that get excited about new opportunities. Any opportunity like Crypto or a business venture, you do not want to need the income generated.
Having other sources of income is a necessity, unfortunately, many people rely on only 1 or 2 at the most.

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