Post
Topic
Board Altcoin Discussion
Re: Learn to appreciate the DIP.
by
Jackl87
on 19/04/2021, 10:58:24 UTC
Several people especially newbies are often displeased whenever there is a dip in price of crypto currency assets. But the truth is that it is only during the dip market that you can go round exchanges and confirm that you buy orders (orders placed at low price) has been filled. If you love the pump, please learn how to appreciate the dip too; as a matter of fact, train your mind to use every dip to your advantages.


The problem with a dip is that you only know if it really is only a dip or a massive dump after the it is over. Just take the Dip two days ago as an example. BTC rushed down from 60k$ to 53,5k$ within 30 minutes or so. That is like a 12% drop in half an hour. I mean it is no wonder that some people became nervous there and sold their BTC or ETH or whatever at the bottom at 53,5k$. Now two days later we can see that the market has stabilised again and that this was a mistake of them but during the dip no one could know that already. So it is not that easy.