Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?
I know its not an exact science but I've heard a few different preferences on this such as:
- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut
I know its not an exact science but I've heard a few different preferences on this such as:
- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut
When the price of BitCoin gets below 1 Cent, I will buy the dip
I would not invest any money in BitCoin that I was not totally prepared to lose. I could put my lunch money into BitCion, and not feel bad when its value went to zero
Hard Facts
Yeah, hard fact is don't ever put what you can not afford to lose on btc or any other investment you are not 100% sure (although I highly doubt if there is such investment) probably gold...... Anyways, whether you decide to put a cent or penny into it is because that's what you are willing to lose if anything should happen,
Every investment is a risk, and life is all about risk,
To me when there is a major correction is usually the good tie to buy the dip because then you have the opportunity to really buy btc at a very low price, and of course, buy with the amount that won't cause you pain when things go south.