Bitcoin had a massive dip this morning. And when it happened, panic really started to set in for a lot of people, and they started selling off coins in mass But there’s a group of people out there who understand the absolute smartest way to manage these price drops is to buy the dip To go altcoin shopping, if you will All the time, people say “buy the dip” though Today, I’m going to actually show you what it means, how to buy it and what to buy Let’s get it! BitSwap is the hottest new way to trade tokens Crawling all the top decentralized exchanges, BitSwap will get you the very best price and value for your trades BitSwap is changing the game Try it now at bitswapdex com Welcome to Crypto! The largest crypto channel in all the Interwebs My name is Everyday on this channel, I show you how to make money in cryptocurrency If you like money and crypto, then make sure to hit that subscribe button and smash the likes for your chance to win one full Bitcoin Also, if you want to try your hand at leverage trading, you can do that with Bybit In the awful scenario that we might be at the top of the market, learning how to trade gives you options to make money no matter which way the market goes.
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So, let me explain to you my experience in 2017 Now, as many of you guys know, I first got into Bitcoin in 2012, buy my first Bitcoin for $12 This is actually an email for my first ever Bitcoin purchase for $475 I got almost 40 Bitcoin for that amount Pretty hard to believe at today’s prices But if you know my story, you know I sold them all a year later mainly because I didn’t understand exactly what I was buying So no way I could have understood the future prospects The education just wasn’t available to us at that point The point is though, and I try to tell you guys this all the time, getting educated on what you’re investing in is the single greatest thing you can do in order to make money in crypto And up until 2017, I wasn’t educated I watched the price here and there, but in 2017, I decided I was going to research nonstop to understand exactly what Bitcoin was and altcoins were as well As I joined Twitter and many other platforms, one phrase came up all the time “Buy the dip ” Or as some people say, “BTFD” In 2017, I was already overexposed to cryptocurrency Every spare dollar I had, I piled into some random ticker symbol Whatever the buzz altcoin was, I bought it And at some point, I had zero spare dollars So I’d see these Twitter influencers talking about buying dips, and I was always left wondering, “Where are they getting the money from. “
Buying the dip is something that’s a rallying cry on red days in the crypto markets It pulls people together But is it smart Well, it actually depends. Sometimes, when people say buy the dip, it sounds like a bunch of parrots trying to fill an echo chamber Like, the more they say it to one another, the more confident they’ll grow together and the price will actually bounce back Here’s what it all boils down to Buying the dip is a great idea in a bull market, which I believe we’re still in, but if the tides were to reverse, and they will one day, then buying the dip in a bear market doesn’t make a lot of sense I tell you all the time altcoins drop an average of 97% in a bear market And, yes, it is as brutal as it sounds I’ve lived through it. So a 10% dip in the beginning of a bear market isn’t actually the best time to buy. After about a 90% dip, now, you’re talking So before you go buying the dip, you need to be evaluating where we’re at in the market cycle We have some indicators such as the Pi Cycle Top Indicator that seems to indicate we are at the top of the market. But out of the five top/bottom indicators on Glassnode, literally zero of them are showing a market top Far from it actually According to the Reserve Risk Indicator, we’re very far from the red zone as you see here So, in my opinion, there’s really nothing to worry about at this point But you need to know, at some point, it will shift, and then buying the dip won’t be your best option For now though, I do think adding altcoin positions is smart So let’s look at the top coins I’m looking to buy right now For about two months, I’ve actually been stacking Bitcoin only, so I’m looking now for some altcoin hotties to buy literally today So going over to coinmarketcap com, we’re going to be looking for coins that we like and are having rough days Because even though it sounds counterintuitive to your feelings, we want to sell in the green and buy in the red To see the coins that are the deepest in the red, all you have to do is go to the 24-hour percentage tab and click it to sort it One click will show you all the coins that are up the most Another click will show you all the coins that are down the most for the day And this is where we find the blood So to me, it isn’t as simple as just going down the list and buying every coin It’s about finding the coins that we like, are down, and we’re buying those So looking at this list here, the first coin I’m buying is Stacks This is the new rebrand from Blockstack, a project we’ve worked with in the past and we really love We actually broke the news on this channel last year that Blockstack was rebranding And we were the first to tell you about the STX token It had a pump of over 100% this week And we joked on the livestream this week about TJ’s mom asking if it was a good time to buy it the day that it was up 100%.
That’s how FOMO works It makes you believe that the upside potential is never ending, and you want to get in before it goes up 700% But that’s not really the way that it works At least usually Stacks has now, just a few days later, corrected And now looks to be a good time to add it to our portfolio Next, I’m buying CRO The Crypto com team has had huge announcements over the last month, and we’ve seen the price go on quite a tear But now, it’s had a major correction It could possibly head into consolidation for a while, but if you’ve watched the movements with the CRO token recently, you know it’s been moving extremely quickly So I believe it could have a major bounceback pending And we love Crypto com And it actually, at one point, peeked into the top 10 of altcoins We named it as one of our most promising coins of 2021 back in December And it’s proven to show that potential CRO is the coin of the Crypto com ecosystem, which helps drive cryptocurrency adoption through the Crypto com app You can actually get $25 for free when you sign up for the Crypto com card using my code “” where you can lock in profits by spending your crypto I have a Crypto com card I use regularly I have to say I love representing crypto everywhere I go If you want the $25 for free, just visit the Crypto com link on crypto com/deals Use the code. Next, I’m looking to add Filecoin It’s a top 20 project that also peeked its head at the top 10 Falling down and having a correction seems like the perfect time to add to my Filecoin holdings I’m bullish on anything involving the Winklevoss twins, such as Filecoin and our favorite NFT pick Ethernity, which also has been on a huge correction lately, recently heading all the way back down to $32 from a $70 high It could be a good time to get new positions in that one as well as its down double digits today The last coin I’m looking to add on today’s dip is Harmony I told you guys a few weeks ago when I did a video on top coins under 15¢ that Harmony had the potential to get up to $1 in this bull run It then went over 20¢ and has now corrected down to 13¢ Down almost 30% this week This is how you buy dips Down today, down for the week, but clearly in an overall uptrend It seems like the perfect time to go ahead and add
Harmony to my portfolio But overall, I’m feeling good about crypto for the month of April, feeling better about today’s altcoin bargain bin But let me know which coins you’re looking to pick up during this dip Drop those down below in the comment section. That’s all I got
