Normally, it is consider a good time for buying when the market is down but unfortunately the formula doesn't work all the time. Some time the market observed a further dip which deprived people for heard earned money.
Personally I am not against buying coins during dip but one have to do sensible buying during dip. There is no need to invest all your equity during dip, as there is a tendency that market may further dip which may give you a big loss. In order to make your investment safe, invest in small installments with new dip in market. It will reduce your buying cost and help you to accumulate more coins with same funds.
Other thing you must be aware of buying coins during dip is the news, ucoming events and tokenomics of coins. There are couple of coins which locked their asset for certain period of time in order to give strength coins. Every locked coins unlock after certain time.
In the month of September below mentioned coins events are unlocking. In simple words more coin will be available in market.
Now the question comes in mind what happen when huge amount of coins unlocked. Early investors love to earn profit by dumping coins. Too much selling pressure decrease the coins worth. So, it is not a good move to buy coins just before unlocking event. Avoiding buying before unlocking period may help to save you from loss. My friends, did you suffer any such loss in the past. I would love to read your views in comment section. We all learn from ourselve and other mistakes. It is always better to share your bitter experience to educate other fellow user. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.