users who says buy the dip are the ones who accumulate coins every time the price dips. rule of thumb is to sell your coins for a higher price. higher from the price where you bought it for you to profit which is why most are just waiting for price pumps before selling. you can also do the same, it keeps you waiting but usually it won't take weeks for prices to spike or dip for more than 2%.
Ok thank you. Does this same principal apply to the price of Bitcoin as well?
its the basics. if you bought an altcoin for 0.00001BTC it has to be more than 0.00001BTC when you sell this altcoin otherwise youre not accumulating BTC. same applies for USD price. buying the coin for $1 and selling it for more than $1.
you will only have to learn when to buy because it doesn't look that easy as it may sound. some of us will teaches you the bottom or at every dip. but how to learn which is the bottom and the dip. RSI is actually a good indicator to use for this.
NEO is a good project to invest. profitable for long term because it gives GAS if you stake NEO.
there is a chance for the coin to drop to $7 if it retrace back to retracement line 75 and its RSI says the price is over bought which is could go down to $7.
Now don't think of it as a real analysis from a pro, this is base to my analysis alone. but once the RSI reaches to its lowest like the green line i draw, that would be the bottom of it and that means a good time to buy more NEO.
damn! what did i eat to day.