Recently, $BTC experienced a major drop, causing many to get liquidated. Can you buy the dip during a decline? Everyone has their own answer. Buying the dip during a downturn can definitely be done, but don’t be obsessed, or you might fall into an abyss. In 2018, I once believed that Bitcoin could not fall below $6,000, so I bought and sold around $6,000 multiple times until the last time Bitcoin directly pierced through $6,000, never to return, plunging straight to $3,000. During that period, I exhausted all my funds and mental energy, almost selling at a loss. Fortunately, Bitcoin rebounded shortly after, or I would have definitely sold at a loss. Buying the dip in Bitcoin is like this, and buying the dip in altcoins is definitely even harder. So, every time you buy the dip, you need to be prepared for the long term. Only then can you possibly hold on until a full rebound.
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Recently, $BTC experienced a major drop, causing many to get liquidated. Can you buy the dip during a decline? Everyone has their own answer. Buying the dip during a downturn can definitely be done, but don’t be obsessed, or you might fall into an abyss. In 2018, I once believed that Bitcoin could not fall below $6,000, so I bought and sold around $6,000 multiple times until the last time Bitcoin directly pierced through $6,000, never to return, plunging straight to $3,000. During that period, I exhausted all my funds and mental energy, almost selling at a loss. Fortunately, Bitcoin rebounded shortly after, or I would have definitely sold at a loss. Buying the dip in Bitcoin is like this, and buying the dip in altcoins is definitely even harder. So, every time you buy the dip, you need to be prepared for the long term. Only then can you possibly hold on until a full rebound.