Post
Topic
Board Speculation
Re: "Buy the dip" is only a strategy for losers
by
coinnumber
on 05/12/2018, 20:20:32 UTC
We see it every time Bitcoin goes to a new lower level.

Bitcoin "believers" will hurry to say "buy the dip" and "just wait it will come back"

Reality is that every dip is a new lower level - and after that comes another dip...and another.

In the beginning of 2017 very few people had Bitcoin - and therefore the price could quickly move up as a large number of people with zero financial understanding started buying Bitcoin.

Now a large number of people with zero understanding has Bitcoin and price moves down - there are no more new fools to get into Bitcoin to ever pump it again.

"Buy the dip" is something only fools believe - and as can be seen in here there are unfortunately many fools in here who do not understand that their money is already lost
I think you are wrong here, because I believed buying and hold at the dip is a thing that has proven as a big advantage to many investors So I don't see it as a strategy for losers besides investment is for high risk takes. Secondly I think you should go and check on Bitcoin price because the idea of saying that bitcoin is always going down and never get balanced again is totally unacceptable by me.