Edited by Parikshit Mishra.
Set buy orders at lower. At its simplest then, this more so end up dollar-cost buy at a lower price durinb by buying when others.
There is no shortage of advice on what you should you in the instance of a crypto dip: some advocate for HODL � a slang term that means essentially to hold � while others try to recoup their losses by buying the dip, an extremely risky strategy that has been likened to attempting to catch falling knives. While some investors swear by this approach, others have lost thousands because the dip they thought they were buying was a false bottom. Editorial note: Forbes Advisor Australia may earn revenue from this story in the manner disclosed here. With that said, to buy the dips one might do one or more of the following: Buy incrementally as the price goes down , creating an average position and aiming to buy more as the price decreases further.
