For your typical "hodler", a dip is simply just a drop in price. I'm sure only a very small percentage of the "hodlers" are actually decent traders, so if someone says "buy the dip", then chances are, the person just said it just because the price dropped a certain percentage. Always remember that bitcoin and the cryptocurrency markets are hugely unregulated, so expect a lot of amateur "investors" in this space. Not to mention that "buy the dip" is also being used as a meme nowadays since the bear market started, when people thought price $x was the floor, but it continued to drop lower. Buy the dip!
So refreshing actually having a good well-thought question here in Bitcointalk.
So refreshing actually having a good well-thought question here in Bitcointalk.
Yeah I definitely agree. Back in January is when I started investing and thats when the dip started. As the prices dropped I seen oppertunies to buy at a discount when it was infact going to plummet far more. I hadnt spent any time learning about technical analysis or anythingas to why this was happening. I just thought it was a Sale for Crypto. Now come the end of the year and I have been studying charts etc.
It is very useful to learn these things, aswell as looking into the projects and teams behind all these coins and not just investing in them because they are popular or because they are down 50% in the last 30 days. Look at the whitepaper and the team, see if there are any legitimate, solid members in the team.
I can now say that after doing these things it has made me invest a lot more cautiously and I just wish I done that sooner rather than later
