Jun 13, 2022
2 min read
Is “buy the dip” a good strategy?
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…
