🚀💎 Want to build wealth during correction phases? Read this! 💎🚀

Everyone says "buy the dip"...

But no one tells you HOW to get the most out of it.

Here's a complete guide to making the most of the drops 🧵👇

1/ ➫ The stock/crypto market has been falling due to many issues, from Jump liquidating positions to wars etc. As a result, we have seen a correction of around 30%. This is precisely the moment that will separate the winners from the losers. Explanation👇

2/ ➫ People have been divided by declaring the end of crypto and believing that the bull market is over. But in fact, we have been through much worse times. Those who accumulate now will come out on top. Here is my guide to making the most of the dips:

3/ ➫ No high-risk bets at the moment. During such corrections/crashes, the market is too volatile and we don’t see clear narratives. So you should buy tokens that have established themselves solidly.

4/ ➫ Stablecoins. If you currently have more than 70% in stablecoins, congratulations, this is your chance. But remember to keep 20-30% in stablecoins in case of a new drop and to reduce the volatility of your portfolio.

5/ ➫ No money to buy the dip? Find a Web3 job. If you don't have stablecoins, find a job in Web3. Such a correction can last a month or two, and you have time to earn stablecoins, especially with the many job opportunities available now.

6/ ➫ Buy the dip. In reality, it is much more complex than it seems. You cannot simply buy now because the price could fall further. Here is what you need to consider:

  • What to buy

  • How to buy

Let's dive into the topic👇

7/ ➫ What to buy. As I mentioned before, this is not the time to take risky bets. Invest only in well-established tokens with strong narratives, like $ETH , $SOL , obviously $BTC , and so on.

8/ ➫ How to buy. The buying process is a bit more complex; as I mentioned, you can’t buy everything with stablecoins. Therefore, we’re going to use a cost averaging strategy:

9/ ➫ Cost averaging strategy. The objective of the strategy is to buy in several times, averaging the price downwards (ideally). For example (portfolio of $1k):

1st purchase - $200
2nd purchase - $200
3rd purchase - $400
4th purchase - $200

Or use your own amounts, it's up to you.

10/ ➫ How to determine the right time for the next purchase? The easiest way is to use BTC as a reference. For example, if BTC drops by 4-6%, then it is time to buy.

11/ ➫ Our strategy will then look like this: Let's say we buy $ETH. $BTC⬇️5% = Buy ETH for $200 $BTC⬇️5% = Buy ETH for $400 $BTC⬇️5% = Buy ETH for $200 $BTC⬇️5% = Buy ETH for $200

This way you will get as close as possible to buying at the lowest price.

12/ ➫ Additional advice. In general, if you are buying a little more or holding your position, I think it is better to stay out of the market for now. Improve your skills while the market is calm, do research and actively learn new things. This will give you a significant advantage later.

#MarketDownturn #buythedip #DCA

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