Don't try to catch the absolute bottom

in cryptocurrencies •  7 years ago 

Don't try to catch the absolute bottom. This will leave you with a lot of gains or none at all. So instead of going for that absolute bottom try to average in on the dips. Start placing larger orders on deeper lows. This way you might make less profit than you would if you would go for the absolute lows. But chances are that your buy orders will never get filled and you won't make any profit at all. What's your strategy during the dips?

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The tip is reasonable, it is too risky to try to catch the absolute bottom.