should one always buy the dip?
i see many people saying at every downturn "don't panic, just buy the dip!" but in my opinion this is a mistake!
obviously you want to catch the dip and avoid buying at peak, but in some instances this is a mistake. one should first do research and analyze the situation, to catch the actual lasts dips, or you'll be buying the dip and beyond, forever!
take for example $ICP . now trading at around 10 usd, it was once priced at more than 400 usd. after a huge crash it has never recovered. just imagine the people buying dips at 390, 350, 250... they will never see that money again, most likely. or Luna, which crashed -99.99% (in binance charts is not showed, but it was priced at around 110 usd)
examples like this are common, even in the stock market with GameStop and BBBY.
of course there are incredible examples like $XRP rising after every crash, or even $BTC with crashes of 90% and insane recoveries. but this are extreme unlikely cases, xrp recovered thanks to ripple's work, and bitcoin went up again for its solid fundamentals and wide use.
or well, you can always wait for a 5000x moonshot đž
i see many people saying at every downturn "don't panic, just buy the dip!" but in my opinion this is a mistake!
obviously you want to catch the dip and avoid buying at peak, but in some instances this is a mistake. one should first do research and analyze the situation, to catch the actual lasts dips, or you'll be buying the dip and beyond, forever!
take for example $ICP . now trading at around 10 usd, it was once priced at more than 400 usd. after a huge crash it has never recovered. just imagine the people buying dips at 390, 350, 250... they will never see that money again, most likely. or Luna, which crashed -99.99% (in binance charts is not showed, but it was priced at around 110 usd)
examples like this are common, even in the stock market with GameStop and BBBY.
of course there are incredible examples like $XRP rising after every crash, or even $BTC with crashes of 90% and insane recoveries. but this are extreme unlikely cases, xrp recovered thanks to ripple's work, and bitcoin went up again for its solid fundamentals and wide use.
or well, you can always wait for a 5000x moonshot đž