Quote from: nicecrypto on Today at 10:35:00 AM

Quote from: Gozie51 on May 06, 2021, 04:50:14 PM

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.

This is why people got trap they didn't even think that there are possible major collapsed happening and buying at what you think dip is riskier than you though, I think the best position to buy them is near in their supports since if we are into that position well we can sit tight since we now that we can possibly cannot see more dumps since we are actually buying at the dip although it will give no guarantee but its can possibly give us higher chance to gain when it pumps.