After experiencing a sharp decline, people often hesitate to buy the dip due to the uncertainty in their hearts, feeling that the market outlook is bleak, and few are willing to take risks. Most people are busy selling off assets, fearing further losses, and have no time to look for good buying opportunities. However, looking back at several significant crash events in history, we can easily find enormous opportunities hidden within them. For example, in September 2017, March 2020, and May 2021, Bitcoin (BTC) and Ethereum (ETH) both experienced sharp declines, but those investors who dared to act during the panic ultimately reaped substantial rewards.
In 2017, Bitcoin plummeted to over $2,000 within a week, but just three months later, its price soared to $20,000; Ethereum also rose from over $200 to $1,400, and even some smaller cryptocurrencies benefited from this. By 2020, Bitcoin once again fell to over $3,000, but just a little over a month later, it broke the $10,000 mark, and by the end of the year, it was close to $30,000; Ethereum also rose from over $80 to nearly $1,000, with returns reaching several times. In 2021, Bitcoin fell from over $60,000 to $30,000, but those who dared to buy the dip witnessed Bitcoin's price rise to nearly $70,000 in less than six months, while Ethereum rose from over $1,700 to over $4,000.
Therefore, we need to look at crashes from another angle; they are both risks and opportunities. Of course, this does not mean we should blindly buy the dip, but rather we need to have a unique perspective, sufficient patience, and proper risk management. Do not be intimidated by the panic of a crash, as true opportunities are often hidden in moments of despair.
