BFD: Buy The Effing Dip 🤑💰💹

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The opportunity to buy cryptos is here after the big fallback or "correction" of the price of #Bitcoin in particular that sent a wave of sell-off or taking profits for some which gave us the current price of BTC today. It is not a reason for concern because it is just normal, it will give us an opportunity to make money because the prices went lower especially in the Altcoin sector.

It is a healthy correction and it happens but sometimes it is triggered by bad news coming from entities such as governments and thus the change in price in a matter of minutes to hours. But it is understandable for prices to get down even 70% from the last leg because some people would take profit and sell but others gets spooked and sell too until the price finds a support again and gets another momentum to the upside.

So a trader must know that for every peak there is a "pull-back" and that pullback is seen by many as an opportunity to buy because you do not buy at the peak, you sell at the peak and take profits or "hodl" and wait for your preferred price where you can sell. I myself is in the "HODL" mode because I have in mind already when to sell my holdings.

Not every dip is a good time to buy because it might go lower which will make you wait until you can sell for a profit. Sometimes we just have to wait until it had stopped lowering with its price(s) and find support, a level of price where nobody wants it to get lower and then it is the time to buy.

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Warning: Not A Financial Advice, Do Your Own Research.

Posted via Steemleo