Should You Buy the Crypto Dip? 3 Things to Know
Cryptocurrencies are crashing, with all the major tokens -- including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) -- taking a serious hit over the past few weeks.
While this might be unsettling news for crypto supporters, it can be a good buying opportunity. With this latest downturn, crypto prices have dropped substantially. Bitcoin, for example, costs around $39,000 per token as of this writing. That's down from its peak of around $65,000 back in April.
If you've had your eye on cryptocurrency for a while but have been waiting for it to become more affordable, it may be wise to buy the dip and invest when prices are lower. But there are three things you need to know before you buy.
Source Fool.com
