Posts

Ask Leo : Does accumulation HODL and buying the Dip work towards the same goal in cryptocurrency ?

avatar of @tobywalter
25
@tobywalter
ยท
ยท
0 views
ยท
3 min read

imageSource Cryptocurrency is a vary large field that entails several key areas, among the important areas are this three that i mentioned and they all play a vital role in achieving common goal which is profits maximization

What is accumulation?

Accumulation is the increase amount of a certain asset in financial markets, accumulation typically refers to a position size in an asset that increases over multiple transactions this is the best time to buy in the market since prices are low and its heading towards a downtrend. The accumulation area represents a period of buying typically by institutional buyers while the price remains fairly stable. It may signal that large institutional traders are buying and accumulating large quantities of an asset over time, identifying the accumulation area helps traders spot good entry points before the price begins to rise So it is important to accumulate cryptocurrency when their is a low in price of a particular crypto or coin it is very good for investors to buy and accumulate for the best time to sell

When is the right time to accumulate?

Like I said earlier now that the crypto market is in a bearish condition now is the right time to keep buying and wait for the future to sell and make more money

2 HODL : a lot of people will be saying what does this mean,in cryptocurrency HODL is an acronym used by crypto ecosystem (hold on for dear life ) it is an important situation in cryptocurrency where by an investor holding unto his or her cryptocurrency despite the price fluctuations and volatility regardless increase or decrease he will not sell and strategically Wait for the best time to maximize profits

What is Dip?

3 Dip is a situation in cryptocurrency investment that is not palatable but sometimes some investors see it as an opportunity to invest even more into cryptocurrency and keep buying till they have no money left on them
In real sense dip means to quickly drop something for a short while
Dip means to put or let something down quickly or briefly into liquid in the traditional sense, However in the world of cryptocurrency a dip is the process of buying an asset after it has declined in value
Buying a dip implies that you have an opportunity to invest in a coin or token that has experienced a short or potentially long-term decline in its value and by doing so one can buy to keep and resell when the market improve in other to maximize profits in the future

why should I buy the Dip?

Buying the dips simply means investing into a coin or asset when its price has dropped in other to sell it later when the market bounce back to it's feet and prices rise again Buying the dip is not a bad thing to do but investors must have it at the back of their minds that is it going to be for a long term investment because who knows if it's going to dip further
But as a good and futuristic investors one must learn to take risk in other to maximize profits in the future

Conclusion

The three elements all work hand in hand to achieve same purpose which is to maximize profits and to create wealth through cryptocurrency investment

Thanks for visiting my blog @tobywalter cares ๐Ÿ’ž๐Ÿ’•๐Ÿ’•๐Ÿ’ž๐Ÿ’ž๐Ÿ’•๐Ÿ’•๐Ÿ’ž๐Ÿ’ž๐Ÿ’•๐Ÿ’•๐Ÿ’•๐Ÿ’ž๐Ÿ’•๐Ÿ’ž๐Ÿ’ž๐Ÿ’•๐Ÿ’•๐Ÿ’ž๐Ÿ’•๐Ÿ’ž๐Ÿ’ž๐Ÿ’•๐Ÿ’•๐Ÿ’ž๐Ÿ’ž๐Ÿ’•๐Ÿ’ž

Posted Using LeoFinance Beta