Post
Topic
Board Speculation
Re: "Buy the dip" is only a strategy for losers
by
Nanda Dewi277
on 11/01/2019, 01:29:52 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
yes, I agree with you. it's better now to monitor price movements and buying when prices go down and sell when prices rise, thus earning a profit. I hope you buy according to your ability so that when the price drops you don't lose all your money.