Should I buy the dip?

[DailyMoneySaving ✔️]

Hello folks,

What do you think, should I buy the dip? I consider purchasing some Ethereum and Elrond.

[coin_12345]

Wait for the crash settle and the macroeconomic factors to settle. Then look to buy

[MrD]

I agree with @coin_12345. The market now doesn't have a clear direction either up or down.

[kriptopoulin]

Yes you can buy the dip but it can be gone further down.

[Patrick Montgomery]

It is good to buy the dip if you are prepared to hold it for a longer duration. Ethereum is a relatively stable coin but we never know if it has actually hit the lowest yet. There is a threat of stagnation as well. So it is better to wait for the consolidation to end.  But, if you are into trading then you can go for it. 

[Seismograph]

You must take advantage of this bear market in cryptocurrency because lots of great things are available at discount prices and the risk-reward ratio is also good.

[Sassitude]

I suggest you wait until the market setters, there’s a lot going on in the market right now. Timing your move is important. So be a little patient and check the news, move only when you think you will benefit.

[kriptopoulin]

it will go further down

[kriptopoulin]

keep droping

[Hitzoo]

Yes, you can. Once the markets begin to rise, you can easily ride them to a profit. To be successful with this strategy, however, patience is essential. Do not anticipate a sudden increase in costs within the next few days or weeks.

[Boogle]

The market is dropping and anything can happen. Timing your move accordingly is important so just be patient.

[Benjie1987]

Yes, you can, but you need to do your research and make a strategy. Ethereum is a good cryptocurrency, but you need to be patient.

[Ronald Ray]

Did you buy the dip? Can you please mention your reviews!

[riberet19]

Well this is something that you must decide yourself, after doing your research, we may be on the verge of a recession, and that the market could fall to lower levels, but in the long term, I think it can be profitable to buy mostly consolidated cryptos, such as Bitcoin and Ethereum.