The traditional 4-year Bitcoin price cycle has been literally disrupted by this 2024, but according to Coinbase there is more: it is possible that any dips will be “bought more”.
This is what they wrote in the Weekly Market Commentary published last Friday.
The price dips of Bitcoin according to Coinbase
The term dip in English means immersion.
In the financial field, it refers to a strong and substantial drop in prices, like a real plunge downwards.
The term is mainly known thanks to the expression “buy the dip”, which means “buying during the dips”, that is, purchasing an asset after its price has dropped significantly.
The idea behind the buy the dip is to take advantage of the decline to buy at lower prices, in the hope that they will subsequently rise allowing to sell at a significantly higher price.
The problem, of course, is that there are practically never certainties that a certain price will rise after falling, so the practice of buying the di
We współpracy z: https://en.cryptonomist.ch/2024/04/09/coinbase-more-purchases-on-bitcoin-price-dips/
