Is it a good idea to be buying Dogecoin on the dips? A big time misconception out there is that as an asset falls in price, it’s becomes more risky. This just simply isn’t the case. If a stock or crypto used to be $10, and now it’s only $5, assuming nothing fundamentally changed with the stock or crypto, then there is actually less risk involved, because your max loss has actually decreased, and potential gains have increased. With this being said, I do feel that Dogecoin is a great coin to buy on the dips, especially when it’s price spikes so often due to tweets from people like Elon Musk. Many people are able to cash in on this, and they do so by buying the dips.
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