Major cryptocurrencies have been on a downfall this past week, as investors lost confidence on Terra (LUNA). Bitcoin, as well as, Ethereum, Cardano, and several other "blue chip" coins are being traded at a discount these days. This could be a huge buying opportunity before prices bounce back to their original levels. If Bitcoin is predicted to reach $100k, then imagine how altcoins will rise in price. Buying the dip might be the best thing you could do right now. If you're into crypto for the long haul, you'll know what I'm talking about.
That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks.
That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks.
I believe that buying at the dip will surely get more profits someday. I will definitely buy and invest at the very low price because the price of altcoins will surely rise. We just need to be patient and trade while we are waiting for the price to rise.
I can't say in the next 2 months or the next 6 months the bear market will end but one thing I do know is that bear markets don't last forever. It will have to come to an end and give way to the bulls so the current drop is very suitable for us to buy dip. But invest wisely, do not buy all at this point because the price will most likely continue to fall.