For New People “Buying The Dip”

Cryptocurrency News and Public Mining Pools

For New People “Buying The Dip”

I've said this countless times but I'll say it again as its pertinent. If you're gonna buy the dip, take what you're planning to put in and half it and put half in now and leave the other half on standby, that way if it shoots up again you've padded your bag, if it goes down you have another opportunity to pad your bag even more. If you want to go hard with this, then do 25%, 12.5% for a bit. It breaks up your spending and in terms of mental health you'll feel better off knowing "I got more for my money doing it this way.

"Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase." – but that's just nerd for "break up your investment when buying the dip."

Obey the golden rule and only put in what you can afford to lose, but remember, you only lose/gain money when you sell, you own your tokens, and that number only goes up the more you buy, hold your bags and enjoy the ride. 🚀

submitted by /u/TonberryHS
[link] [comments]