Right now, seeing BTC’s price dropping, people are thinking this might be a good opportunity to buy the dip — but it's important to proceed with caution. Here are a few things that might help:
Pros of Buying the Dip:
1. Lower entry point – If the market recovers, there could be good profit.
2. Long-term view – If you're planning to HODL (hold for 6 months or more), dip buying can be quite beneficial.
Risks:
1. The market could drop further – There’s no guarantee this is the bottom.
2. News or macroeconomic factors – Things like interest rate hikes, regulations, or major investors selling off can have a big impact.
What You Should Consider:
Buy gradually (DCA - Dollar Cost Averaging) so your average price remains stable.
Keep a stop-loss or exit strategy in mind.
Stay updated on news and market sentiment.
