HELP ME UNDERSTAND! — @BitcoinBaby on read.cash

@BitcoinBaby 3 August 2021 more from that month

HELP ME UNDERSTAND! I just read this: Market is red, time to convert your crypto in stablecoin. Now I always learned to buy the dip, not sell the dip? This means converting your stable coin into ALTs and BTC in my baby book. But maybe this (selling during the dip) is a much better approach, any feedback is welcome! #CryptoTrading

+KT
+BCH

4 comments

@sp3ktraline 3 August 2021

The philosophy of paper-hands at work. The (not so great) idea is probably to cut losses. These are the guys that allow us to make money in the end, lol.
- @BitcoinBaby 3 August 2021
  
  My thoughts exactly, but I never seen anybody being so honest about it
t@thedOnNoiseApp 3 August 2021

this is the layperson understanding of trading: if everybody buys its a good idea to buy, but when they sell i have to sell too. no wonder they lose money.
@rah 3 August 2021

surely dips are the time to utliise stablecoin - its what I do even if i move too soon