Post
Topic
Board Nigeria (Naija)
Re: Why buying Bitcoin in the dip is not always the best
by
Gozie51
on 15/07/2025, 21:05:47 UTC
I was expecting you would suggest better time to buy because what I have always known is buying btc when the price has dropped and this is same with other physical business, you buy cheap and sell above your cost price for you to have profit.

[quote author=TEBTC link=topic=5549752.msg65580540#msg65580540 date=175244834

Dips May Not Always Recover

Bitcoin price can remain low for  as much time as possible  or even experience a longer time period It's important to be aware that not all dips are followed by a recovery and that there is no guarantee of future performance examples was when the price of Bitcoin fell from $20,000 in 2017 to $3,000 in 2018 a dip that lasted over a year which affected alot of investors which where only concerned about catching in on the short price fall to make some gain if you buy the dip too early you might be stuck for a months or even a years as the case may be depending on how long the dip may last.

[/quote]

This is the point you made here, "if you buy the dip too early". So that is the factor to consider when buying the dip. If you have away to know when price has exhausted it fall then you can buy because it is going to start raising gradually. That's if you know how to identify reversal trend.