Coinmonks
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Coinmonks

Is “buy the dip” a good strategy?

Source photo Unsplash.com

The idea behind “buying the dip” is based on the premise that price declines are only transitory and will be reversed over time. By purchasing at a bargain during a downturn, dip buyers seek to profit when prices recover again.

As a result of the high volatility of the crypto market, it is perilous to purchase cryptocurrencies at any price, much alone a drop that might become a long-term trend. Prices may…

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Vremaroiu Alin

Vremaroiu Alin

“If you don't find a way to make money while you sleep, you will work until you die.” ― Warren Buffett https://vremaroiualin.medium.com/membership