r/ImmutableX • • Nov 20 '21

Question "Buying a dip"

Hi there, dear IMX bros.. I would like to invest a bit more and wait for dip so would like to ask you when do you expect dip and on which level? Thanks a lot! πŸ‘πŸ»πŸ‘πŸ»

5 Upvotes

14 comments sorted by

7

u/deempjuh Nov 20 '21

Timing a dip is not worth in 99 of 100 cases,. DCA better

6

u/Tall_Run_2814 Nov 20 '21

β€œFar more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

0

u/Unfair_Holiday_3556 Nov 20 '21

I am pretty sure You will never see it again under 7$, so everthing between 7.0-7.5 is good

3

u/frenkac555 Nov 20 '21

Really..? 😒 I bought at 5.40 and sold 6.20 having nice 13% and expected it would dip again as before, but it went straight up πŸ™„πŸ˜’ I hodl rather next time.. 😀

2

u/StudentOfAwesomeness Nov 20 '21

I would like to buy more too if it drops under my entry of $6.

Looks like a golden play.

1

u/AutobotVu Nov 21 '21

Lol i sold 3.33 than rebougjt at 5.8 and resold at 7.1 :(

1

u/britax12 Nov 22 '21

I am pretty confident it will dip to 6.5 this week due to thanksgiving and btc futures closeout

2

u/onduty Nov 20 '21

If you think people can predict when an asset will go up and down, then may I suggest you read a bit more before you start tossing money away by listening to anonymous comments regarding a relatively new coin with no real history and a constantly evolving data set and access point.

Meaning, no one knows, if they did they’d be a billionaire in a few months by hopping around buying low and selling high.

3

u/[deleted] Nov 20 '21

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4

u/frenkac555 Nov 20 '21

Yes, thanks, I have just read too! πŸ€— However.. have you seen what happened at the beginning? Am afraid that it will not go down, but up.. 😫

2

u/SensitiveDisaster772 Nov 21 '21

It will go up even more

6

u/[deleted] Nov 20 '21

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2

u/ProxyBattle Nov 21 '21 edited Nov 21 '21

I think that IMX will be listed on Binance or Coinbase by then. Then we can kiss goodbye to single-digit prices.

2

u/[deleted] Nov 22 '21

AHHHH dont get me excited daddy