If you want to buy the dip, do it correctly!
Real wealth is built by buying during corrections.
But all u hear is just "buy the dip," and nothing practical.
Hereās the first detailed playbook on how to buy the dip.
(+ tips on how to hold through 1000x) š§µš
Before I start this mega-thread...
Most people would charge $1,000+ for this info, but Iām sharing it FREE cause Iāve been through it and want to help others who are still in the trenches. So you can appreciate this following me & like this post!
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1/ā® Buying the dip means buying at the lowest possible price
The question immediately arises: how and who can predict this?
The answer is no one can
But we can get as close as possible to it by having the right strategyš
2/ā® "Buying the dip" consists of 3 factors that need to be followed for max success:
- when to buy
- what to buy
- how to buy
If we have the answers to these questions, weāll successfully buy the dip
Let's dive into each one:
3/ā® When to buy
To understand when to buy, let's look at the typical bull run pattern
It looks like this: Halving -> 18 months -> ATH
This entire period can be divided into two phases: growth and peak
Now, let's break down the stages in more detailš
4/ā® Bull Run Stages
Growth: The stage where you need to accumulate your positions and build your portfolio, lasts for ~14 months
Peak: The stage where you need to actively take profits from your positions and move them into stables lasts for ~4 months
5/ā® Bull Run Cycle Psychology
An additional method that will help you navigate is the Wall Street Cheat Sheet
It clearly shows the bull run chart and its psychology
Evaluate the situation in the crypto community and estimate which stage you're in
6/ā® What to Buy
Everyone wants to make maximum profit, 100x and more, but the main thing is not to lose it all
You can make 50%-100% profit on $BTC or $ETH
But the real profits rn come from memecoins
For more about memecoins follow me & real my latest posts! I share everyday valuable content
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7/ā® Build a portfolio with both long-term plays like $BTC, $ETH, $SOL
As well as short-term on-chain plays like low-caps/memes
This way, you balance the risk % of your portfolio through diversification
Also, remember to keep a % in stables
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8/ā® Now we've discussed when to buy and what can be bought in general
But the main aspect of "buy the dip" is the correct execution of the purchase.
For this, we will use the cost-averaging strategy
Let me explain moreš
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9/ā® Cost-averaging strategy in simple terms, is buying in parts, lowering the avg buy price
For example, with a $1k portfolio, it will look like this:
- 1st buy $100
- 2nd buy $200
- 3rd buy $300
- 4th buy $400
But we need also to know when exactly to buy by such parts:
10/ā® Usually, it's best to use $BTC as the baseline price
So, as soon as $BTC drops by 5-7%, we buy more
Also, remember that altcoins/memes drop by 10%-20% during this time
It's important to understand that some altcoins donāt react to $BTC's price movements
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11/ā® Let's summarize our cost-averaging strategy, and it will look like this:
$BTC drops by 5% -> 1st buy $100 -> $BTC drops another 5% -> 2nd buy $200, etc
This way, we will minimize the average buy price and get closer to buying the dip
12/ā® Knowing when to buy, what to buy, and how will definitely lead you to buy the dip.
But for successfully taking profits and building a portfolio, u also need good risk management strategy
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