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RE: You can't afford to buy the dip unless you're selling.

in LeoFinance4 years ago (edited)

Learning with LeoFinance

Very in-depth scrutiny of what is going on with BITCOIN (BTC) and I enjoyed reading it. The post has added to my financial education and that is my big reason for being on @leofinance. I have always been in the habit of having a dictionary nearby when reading.

By reading posts like these, I add to my own mental financial glossary by looking up investment terms. I learned a number of new terms thanks to your article which peaked my interest:

🔄 RETRACEMENT:   180 degree turn in the direction of the price of a crypto coin

💲 DOLLAR COST AVERAGING (DCA):   Buy a little bit of coin when the price is high, and buy more when the price is low.

🎈 BUBBLE:   Price of coin going up fast

The definitions above are my understanding of the terms as used in your post. They are a bit juvenile and possibly oversimplified, but I am not the sharpest pencil in the box!

Thank you for encouraging me to learn more after reading your post!

Posted Using LeoFinance Beta