Hello fams,

Happy second day of the month. I also want to use this opportunity to greet all my Muslim friends a happy Eid-Mubarak. I was not at home to celebrate with my Muslim friends today because I had somewhere very important to be. Nevertheless, some still came to my house to greet my mum. It's really nice to see them celebrate their sighting of the moon (pardon me if I make any mistake, as I am not a Muslim 🤭).

Dips in the Cryptoverse

One of the advantage and also a disadvantage of cryptocurrency is the uncertainty and fluctuations of the prices of this coins. On one hand, the fluctuations can be profitable in that a upward movement of the candle stick means gain for the holder while a downward movement also called dips means a loss for the holder of such crypto. Where a novice and someone that doesn't understand how crypto currency works may start panicking and may even FOMO causing them to either sell off their asset or swap it for a stable coin to keep the value, an expert and a person that can exercise patient would take advantage of the DIP and buy more of the crypto as intervals or he may decide to hold till the value increases back to the original value or even supercedes it.

What should you do when BCH price falls?

Let me answer this question by narrating a scenerio I witness. One of my Crypto friends bought Ethereum late two years ago. Early last year when Ethereum price rose, he sold 50% his asset and kept the rest. Then Ethereum price fell below $3000, bought some, he also bought when the price fell further. He kept on buy whenever the price falls by $200. At the end of the day, he had bought about 4 to 5 times excluding the one he had there before. When Ethereum price gained momentum and rose above $4k, the had a massive gain between $1100-2400! He took advantage of the fall in price and kept amassing Eth for himself and when the crypto rise back, he had a huge cash out.

That's what we should all do at this present time. This isn't the time to panick and sell of our BCH asset rather, we should take advantage of this period to get more BCH for ourselves. Buy at each level of dips, just keep bagging it. When it regains it value back even if it doesn't exceed $320, you would have made enough gains for yourself, now imagine if it reached $1000 🤑 That would be massive CASH OUT.

Footnote

It is widely said and almost generally believe (almost because of the unbelieve of some people) that there is money to be made in the cryptocurrency, but only few who ready to HODL and invest in the right direction are making it. It is not enough to have a crypto in your wallet, trading, chat reading, investing in the right crypto and data analysis will go a lot in making your crypto journey a successful one. So keep bagging, keep earning✌️

Thanks for thanking your time to read this article. Please don't forget to hit the 👍 button. Cheers to BCH bagging😁🥂

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