11-11-2021, 05:00 PM
To this month's new investors: this is not a dip
<!-- SC_OFF --><div class="md"><p>If you've joined this sub in the past few weeks you may have seen a lot of advice to "buy the dip" when the market drops.</p> <p>You might have seen today's correction and thought about pulling the trigger when you saw a lot of the alt coins were -10%.</p> <p>The reality is, most of these coins were available at these prices last week, or a couple of weeks ago and in crypto, this is a slightly bad day and not a dip.</p> <p>When BTC and ETH are down 10% that's a dip, when they are down 15-20% it's a correction. If they get to $40000 and $2500 again respectively, that's a fire sale.</p> <p>TL;DR Dont blow your life savings thinking this is a dip. By all means keep averaging in, but know that this is far from a real dip in the crypto space.</p> <p>EDIT: thank you to the person that gave me my first ever award
</p> <p>EDIT 2: thank you to <a href="/u/dwin31">u/dwin31</a> for pointing out I got the order of dip and correction wrong. Dip is smaller, correction is bigger, have adjusted above. The sentiment of the post still stands, though .</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DomoreSS"> /u/DomoreSS </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr5q8m/to_this_months_new_investors_this_is_not_a_dip/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr5q8m/to_this_months_new_investors_this_is_not_a_dip/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>If you've joined this sub in the past few weeks you may have seen a lot of advice to "buy the dip" when the market drops.</p> <p>You might have seen today's correction and thought about pulling the trigger when you saw a lot of the alt coins were -10%.</p> <p>The reality is, most of these coins were available at these prices last week, or a couple of weeks ago and in crypto, this is a slightly bad day and not a dip.</p> <p>When BTC and ETH are down 10% that's a dip, when they are down 15-20% it's a correction. If they get to $40000 and $2500 again respectively, that's a fire sale.</p> <p>TL;DR Dont blow your life savings thinking this is a dip. By all means keep averaging in, but know that this is far from a real dip in the crypto space.</p> <p>EDIT: thank you to the person that gave me my first ever award
</p> <p>EDIT 2: thank you to <a href="/u/dwin31">u/dwin31</a> for pointing out I got the order of dip and correction wrong. Dip is smaller, correction is bigger, have adjusted above. The sentiment of the post still stands, though .</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DomoreSS"> /u/DomoreSS </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr5q8m/to_this_months_new_investors_this_is_not_a_dip/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr5q8m/to_this_months_new_investors_this_is_not_a_dip/">[comments]</a></span>Kind Regards R