Buying on the dip is a great way for you to have a chance to make a profit in the future. And in this situation, timing is needed, or you should know how to feel or when to buy and sell.
There are many who do this technique and are still doing it today. Especially for beginners who know how to time a purchase, they will surely make a profit in the future. As long as you buy it, just hold it for a long time while studying it, and you're just getting to know it.
Who wouldn't want to buy when prices are falling and even more so when they reach their lowest price, but the problem is that we don't know exactly when that lowest price will be reached. What should be done is to continue to consistently make purchases, and if we look at the last ATH that bitcoin reached this is the right time to buy. Yes, even though the current price has shown an increase from the price that once stepped on tens of thousands some time ago.
But this is not a problem, because we have not yet reached the day when the bull run arrives.
Yes this is one of the biggest problem for us that we always wait for the price to hit the top but we don't understand when the market can go down at any time. Those who always have this kind of thought in their mind that if the value of the coin goes down after they invest then they will lose I think they are not suitable for investment. Where our main objective is to invest for the long term, I don't think a small fall or rise in the value of the coin will have much of a negative impact on our investment. Now the price of Bitcoin is between 35 thousand dollars. Now if we want the price of Bitcoin to drop to 20 thousand dollars, then we will invest. Is it possible at all or there is no guarantee that the price of Bitcoin will come to 20 thousand dollars. Since there is no guarantee or confirmation that the market will go down or up, I think it is better to invest with the risk of money.
Are many investors now investing in long-term investment plans so they are making a mistake? Not doing wrong at all.
I never thought much about investing that if I invest now the market will go down after some time and if it goes down I will lose my money instead I took courage and invested and tried to stick to the long term plan. I have already held my investment for a long time and I am not in favor of selling my investment now rather I will hold my investment for a longer period of time and if I can I will increase my investment amount. Because I understand that the longer I hold my investment, the more likely it is to make a profit from that investment.