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[AudraMiller]

The one thing that everyone would have noticed when it comes to cryptocurrency is that there is no such thing as a coin continuing to rise in its price indefinitely and at some point or the other there is going to be a drop in the price of the coin. While there re some people that panic when this happens, this is completely natural in the cryptocurrency world and it is referred to as a correction factor. With the XTZ coin increasing in price by 250% since July this year it seems that it is more than set for a correction factor. Do you expect the price of this coin to drop in the coming weeks?

 

[ElPaule]

yes I think there will be a correction but it will not go lower than July value. At the same time I see still a significant growth potential on XTZ so I keep invested, if it dips, it will be a great time to invest more.

 

[AudraMiller]

yes I think there will be a correction but it will not go lower than July value. At the same time I see still a significant growth potential on XTZ so I keep invested, if it dips, it will be a great time to invest more.

I do agree with you. People tend to panic when they see the price falling, however i think that this is the best time to actually increase the diversity and extent of your cryptocurrency portfolio.

 

[ElPaule]

I do agree with you. People tend to panic when they see the price falling, however i think that this is the best time to actually increase the diversity and extent of your cryptocurrency portfolio.

well if I seek diversification I should invest somewhere else otherwise it would be a concentration to this one asset but yeah if one haven't been invested there is no better time to start if there is a dip. But also it is wrong to wait for a dip. Go in

 

[Wisdom01]

I still believe that the coin would have more growth in future time ,even if there is little corrections ,it doesn't mean that it won't stop growing

 

[Mariappa45]

After every bullish run comes bearish run. When the coin is moving up, we should be watchful of it, cos it can drop down any time.

 

[Wisdom01]

After every bullish run comes bearish run. When the coin is moving up, we should be watchful of it, cos it can drop down any time.

Exactly we should be watchful of corrections and even prepare ahead , just incase there is any correction that might happen and have enough fund to buy the dip so we would make gains

 

[Mariappa45]

Exactly we should be watchful of corrections and even prepare ahead , just incase there is any correction that might happen and have enough fund to buy the dip so we would make gains

That's it. I'll only buy plenty during the dip, and buy little when the coin is already high. Like now is still a good time to buy any coin cos they aren't doing all that well.

 

[Wisdom01]

That's it. I'll only buy plenty during the dip, and buy little when the coin is already high. Like now is still a good time to buy any coin cos they aren't doing all that well.

What I would do is I would divide my investment and wait for the coin to dip and if it any case it dips further I would continue to buy the coin with the other investment

 

[Mariappa45]

What I would do is I would divide my investment and wait for the coin to dip and if it any case it dips further I would continue to buy the coin with the other investment

Yes, that's a nice idea, divide your investment and watch it, if it keeps going down, then buy the dip again to see how it goes.