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Barringston's avatar

'Buying the Dip' in altcoins, in other words, Dip hunting.

I don't think it's much of a risk. We can make a risk assessment according to our budget.

If we made a profit, altcoin Dip can be taken with those coins, but it does not seem like a wise decision to buy altcoins with our capital and wait for it to rise.

I am a supporter of buying dip coins with extra earnings.

It would be unnecessary to risk our principal, as it is not clear when the return will occur.

There is no consensus in the asset managers community about the future of the leading cryptocurrency.

Both uptrends and downtrends look strong.

This also carries a risk factor in buying bottom coins.

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badumtisss's avatar

Another important question is: which dip you should buy? There are hundreds of coins but projects in the crypto world. If you want to be a decent investor, first you should examine the purpose of the coin you want to invest. There are several factors to be analyzed, such as its whitepaper, roadmap and social media activity.

For example if you buy a shitcoin at dip by trusting a twitter celebrity, it might have a dead end. But if you buy promising projects like EOS, SOL and AVAX probably you will be fine in long run.

Thanks for the article!

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