Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy every dip!
by
BITCOIN4X
on 22/10/2021, 18:22:30 UTC
⭐ Merited by JayJuanGee (1)
~Snip
I am not against buying on dip as a way to supplement DCA as a strategy, even though I do believe that DCA tends to be a superior and more basic strategy, and buying on dip is a more advance strategy and still some folks can establish various systems to figure out how to buy on dips, but I will argue and deny that buying on dip comes natural to anyone.  Buying on dips is a skill that needs to be learned and honed, even though some people might have better senses of how to employ such buying on dip systems than others...
JayJuanGee, I agree with the points you made above, especially in what I bolded. A person with insufficient mentality and knowledge may never want to buy bitcoin when the price is down because the downside risk will continue. I'm in several trading groups on Facebook and also on Telegram and I see so many people hesitate to buy when the price is down just because they consider the risk. They tend to buy when there is something positive like good news than when bitcoin is undergoing a correction and exposed to FUD news. So I think it would be correct to say that buy on dips won't suit everyone.