Tokocrypto trader (trader) Afid Soegiono assesses that there is an opportunity for money or profit for investors behind the fall in crypto asset prices at the beginning of this year. According to Afid, currently investors tend to respond negatively and have a wait and see attitude regarding a number of global events that have made the value of Bitcoin and other crypto assets plummet, thus making the crypto market move slowly.
"Usually, veteran investors and traders of crypto assets will enter the market and take profits when the price is down. The term is buy the dip. Investors have an instinct that a decline in the price of an asset is a good time to accumulate their asset portfolio,"
Throughout early 2022, the crypto asset market experienced a significant decline, compared to November last year. Market participants were surprised by several major events that resulted in the decline in the value of a number of crypto assets, especially those with big caps, such as Bitcoin, Ethereum, Tether and others.
Afid added, every investor must have their own character. Most experienced investors will buy the dip in order to protect the value of wealth.
Hence, continued Afid, it is not surprising that they immediately buy up an asset when the price is dropping. Meanwhile, investors who buy crypto assets at low prices may then resell them when the market recovers and the price shows an increasing trend again.
However, he reminded again that investing in crypto assets is high risk and highly speculative, so you need to be careful in making decisions. Investors can also diversify assets or in other words, don't put eggs in one basket,"