Buy The Dip

buy the dip meme

Last updated on March 9, 2022. Are you following Socratoshi Nakaplato on Twitter?

This post is a part of our The Elephant in the Blockchain series. While our “Influential People” & “Blockchain Quotes” series are easy to understand, our “The Elephant in the Blockchain” series might need an explanation. It is for “hard” questions. We are excited about the future of blockchain, and we think that answering brutally honest questions will help the industry and the users.

Did you buy the dip?

You think that you caught the dip. You bought your favorite cryptocurrency at a great price. But what is that? There comes another dip, then another, then another.

This can happen in any market. However, since the crypto market has wild fluctuations, you will experience this a lot.

For veterans, it is ok but it can scare newbies. So don’t try to go all-in at a specific price point, use dollar-cost averaging (DCA), and spread your buys through time. It is almost impossible to pinpoint bottoms and tops accurately for a long period.

What do you think? Feel free to share your thoughts in the comment section below.

Do you have no idea how DCA works? Check the video below to learn or understand it better:

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Not financial advice: The content above is for educational purposes only. Think of it as an input for you, a starting point for your research. The information contained on this website is not intended as, and shall not be understood or construed as, financial advice. Always do your own research (DYOR) and seek financial advice from a professional who is aware of the facts and circumstances of your individual situation.