Post
Topic
Board Economics
Re: If Something is cheap you Buy it Buy the dips
by
nicecrypto
on 08/05/2021, 10:35:00 UTC
You don't buy coins blindly because it is cheap so you don't get trap. Many projects are dead on arrival and so when you invest, you go down with it . You need proper research before investing on any project.

Rookie mistakes some investors still make. They believe that because the price of a coin is low then there is the opportunity to hide it to the MOON when there is a Bull market, they forget that some projects will not make it to the next Bull market and even the ones that do, some will never get beyond a certain price.
I remember a project I invested in back in 2019 and the price now is 10x less in the Bull market than what it was when I invested though I have since cut my loss.