This is the most fundamental strategy of staying safe in the world of crypto currencies. You are simply supposed to buy expensive coins like bitcoin when the market is down like it was this year. Why it is important to buy bitcoin specifically in dips? Because in pumps this is the most expensive coin and that is the ideal situation for cashing out profit. Right now market is great for buyers.
wrong. this is only important in "world of
bitcoin" and basically any other asset that has a potential for rising or is on the rise. otherwise in "cryptocurrencies" this not true at all. most of them are in long term dumping mode forever with some short term pumps which means when you see a drop you can not call it a "dip" and it won't be worth buying it since after that drop there will be more drops unlike bitcoin where after the drop there is more rise instead.
actually if you are a typical trader who loves taking big risk , to buy every dip is your perfect way to gain big percentage of profit.
the risk could be worth , but if you are prefer to play it safe then i think to buy in the bearish run is a big mistake , you will feel that the drop is like never ending and guess what you will do? buy high sell low and buy high sell low again!
buy it on the bullish run if you want lower risk and sell it right after you have the profit in your pocket even it is only a little bit. that is how it works.
finding the real dip never easy , you have to monitor the movement every single minutes even seconds to get the very dip!