Crypto Crash: Is Now The Time To Buy The Dip?
Best to buy Cryptocurrency prices crashed again this weekend, with Bitcoin dropping to its lowest level since December 2020. The drops come after similar price moves just one month ago. see original story on https://www.finanacebuddy.com/2022/11/crypto-crash-is-now-time-to-buy-dip.html . Is “Buy the Dip” a Good Strategy? The principle of “buy the dip” is based on an assumption price drops are temporary aberrations that correct themselves over time. Dip buyers hope to exploit dips by buying at a relative discount and reaping the rewards when prices rise again. Crypto markets are volatile, so buying cryptocurrencies at any price – let alone a dip that might become a long-term trend – is risky. While prices could return to previous levels, they could also fall even further, leaving your investment underwater.