WHY WAIT FOT THE DIP TO DIP FURTHER BEFORE BUYING

in #hive2 years ago

At some point everyone exhibit fear in the crypto market most especially at this period that things are very uncertain about the direction of the market.it is quite understand that the the bear market is always an opportunity to get yourself some precious cryptos of our choice.the bear market has been on for several months which is argueably the right time to buy.of course we all know the essence of buying during the dip is to sell when the coin you bought start rising.

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But one mistake most people do make in the course of buying the dip is that most people tend wait for the market to keep getting deeper and deeper and deeper untill may be it gets to the point of no return and at the end crypto all of a sudden will start rising which by then they most have missed out buying the dip.

I mean this is crypto where alot of factors come to play in the direction of the market,sometimes you night be thinking that a particular market direction is going to go on for a long time and before you know what's happening it's going the other direction.so in this case there is no time to waste time.every slight opportunity has to be utilized.so if you keep waiting for the lowest dip,you might never get to buy the dip.

Like what is happening in the market presently,no one knows when things will change,so at this particular time it's a good time to buy despite the fact that there speculations that Bitcoin might dip to dip to $10,000 or even more than that.one factbis that if you buy the dip now you can still be in profit when the crypto start rising all that is needed is patience.so waiting further for the dip to get dipper is dangerous because it might eventually not get dipper.