Feb 25, 2022
The warning bells of a crypto market crash started ringing from the beginning of the year. Unfortunately, the warning bells turned to sirens today after Russia sent troops into eastern Ukraine and opened fire.
Markets around the world came crashing like a pack of cards wiping away the majority of the gains made last year. For many, the current price seems to be lucrative as most of the coins are down -60% from their all-time highs.
The ‘buy the dip’ brigade sprung up like mushrooms on social media urging investors to make use of the opportunity. While it’s true that the majority of the tokens are now up for sale, one shouldn’t blindly buy the dip.
Every single individual has his/her risk appetite and fears to invest anything beyond they can afford to lose. The rule is a natural built-in defense mechanism that saves us from damage that can’t be undone.
However, at times, people tend to push their risk appetite a bit forward to reap larger rewards. Sometimes it works and sometimes it ends up with regret.