What did you purchase during this dip?

in LeoFinance3 years ago

Today morning when I woke up, I noticed that most of the coins on my watch list were all red. Not just my watch list but the top 10 cryptocurrencies by market cap were all red except for DOGE. I was expecting this to happen but not too soon. This is definitely a good opportunity to purchase some coins cheap and sell them later for a better price when there is a bull market again.

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I'm confident about the price because many traders and research analysts have told us that the bubble break or the bear market is not in the near future. This dip is going to be just temporary and the market will definitely heal back. From what I see, this is not the first time we are seeing this dip. The frequent traders will know that this has been the case ever since BTC started pumping hard.

This time again, I'm expecting the price of BTC to heal back taking all the altcoins along with it. I don't see this as a start for the bear market. We still have lots of time for the bear market to start. This is just my opinion and that is the reason why I used this opportunity to purchase some of my favorite coins utilizing this opportunity.

ADA

I was targetting to purchase ADA for a better price. I already bought a little when the price was 1.3 USD and now that the market is down, I wanted to purchase a little more and bought it at 1.2 USD. I'm bullish on ADA and I see good potential for the distant future. I'm able to see some positive vibrations on ADA and many investors have already started investing a lot. Though some people think that the bull run is already over on ADA, I'm not going to listen to them and I see this as important crypto to be available in my portfolio.

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Now, this bear market has given me a good opportunity to purchase and hold them. I wanted to have at least a minimum of 500 to 1000 ADA in my bag holding it for the long term. When there was a bear market last time, the price was ADA went to as low as 1.02 and that is when one of my friends bought a huge quantity. I was also fortunate to buy a little at 1.1 USD. I actually don't mind buying it for 1.2 USD and 1.3 USD again because people feel that it is still very low in price.

DOT

This bear market helped me get some DOT tokens cheap. I bought DOT initially when the price was 10$ and even less than that. From that time onwards I had been watching the price of DOT and how it is moving. I thought 30$ is the new base and even if there is a bear market the price of DOT wouldn't go below 30$. But the recent bear market has proved that 35 USD is now the new base price for DOT. I was confident on DOT and have purchased them today for 35 USD.

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Last week the price of DOT touched 48$ which was great. That is why I was confident to even purchase it at 35 USD. I'm going to hold it at least till it reaches 45$ and book my profit. I already have enough DOT tokens in my bag for the future. So, I'm not planning to hold it anymore for the long term. But even if the bear market continues for a long time and the price of DOT is not moving any further, I would be happy to hold DOT for the long term because I'm confident about the future of DOT.

My work for this bear market is done already and I have to just wait for the next bull market and book some profits. I really wish we have such bear and bull markets frequently in the crypto world so that it is a lot easier for the crypto traders and people like me who are slowly learning to trade.



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thx for your thoughts on ada and dot! love to collect all kind of information on those two

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I have not used ADA or DOT a lot, but I have heard plenty of good about. They seem great cryptocurrencies, and I have great expectations upon them!

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Personally, I was shocked with the market crash, this being the first one I experienced hands-on. Both of the cryptocurrencies I were mainly in crashed along with all the other cryptocurrencies, and I decided to hodl. Unfortunately, I did not have much available to spend within this market crash, but it would definitely have been a good option to buy!

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how to give some tip here I want to try also to receive some from yours thank you so much

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To receive tips you need to stake LEO on your wallet, which you can receive from other people tipping you from the posts you make on your blog or comments on other people's posts. Since it appears that you are a new user, I recommend either creating some new articles or interacting heavily across various posts, particularly the popular ones where tips are more likely. Also, as a side note, it takes a week from the time of your post to receive your rewards, and after that, you can no longer receive rewards from that post.

Hope this helps and best of luck with your journey into the LEO community!

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thank you so much to give an idea, how about posting I make almost 100 words, but I can't publish it, what is a posting key

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Being a beginner in blogging, my advice is focus on setting up a routine and making legitimate content (e.g. no plagiarism and copyright). After that, then you can look at making longer article, which you will realise that you begin to do as you become better at blogging. For making a post, the best thing to do is think about what you have done or heard today, especially with crypto. Did you find a new cryptocurrency or crypto service? How do you feel about the market? Any new ideas or guesses on what will happen in the future? If you find you cannot make a post based on that, have a look on the front page of LEO and see if you can get any inspiration.

With the inability to post an article, I have made a reply to a different branch, which you can look at.

Hope this helps and best of luck with your LEO journey (also apologies for the delay)!

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I didn't buy anything as I am happy with my current position. Personally I see nothing wrong with the cryptos taking some time to consolidate and I also think it would be healthy.

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I agree! You can never go wrong with hodling! Hodl onwards to infinity and beyond!


Source

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Well I did buy some more Hive, and I'll probably buy BTC until it goes back up over $58K

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I'm a newbie here and I start learning about crypto and investments

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Welcome here. All the best for your journey here. Cheers!

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Always buying HIVE

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That's solid. !BEER

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Hey @nathanmars, here is a little bit of BEER from @bala41288 for you. Enjoy it!

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Well I always buy the hive dips, 👍

But this time I bought more bnb and cub and put it in that.

Plus like you said time to buy and just place 10% or so higher and you will profit easy on these dips

That's nice. Buying hive is also good. But right now I wanted to diversify my investment on other things and that's why bought a few other coins. BNB and CUB are also a great investments. Cheers! !BEER

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Hey @skylinebuds, here is a little bit of BEER from @bala41288 for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

I converted my BNB to BuSD but then to Bnb. This dip cost me a 30 dollars while converting. Price went up and down.

I honestly haven't purchased anything after I bought 1600 TLM a few days ago and the value of them has been sliced in value. Just holding and waiting for some parabolic rallies to start dumping.

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Nice one Bala, I got some DOT as well, even I feel it's going to go a long way. Not sure why my ADA order did not get executed on WazirX.

Apart from that, I got some LEO, WRX & BAT. Will sell all of them once I make 20% gains each.

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$HIVE and $DOGE of course

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I bought HE tokens lol. Still undervalued in my opinion.

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Recently bought HOT and is planning to hold long term. Still have some doge bags from 2019 but I sold earlier when it was 0.50

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