Opinion: Buying big here could be a gigantic mistake, to anyone considering loans, liquidating savings elsewhere etc - I beg you, please don't, or at least truly consider both sides

So not calling it an unpopular opinion because I don't have a clue if it is. But this is to anyone who is reasonably new to crypto, this may seem like a huge bargain, but the truth is it really may not be. Before throwing your life savings at 'the dip' - consider the fact if this is a true bear market, those buys are going to be obliterated.

Patience is important in investing, and that also refers to buying during downtrends. If the market is over for another cycle, your favourite coin probably still has a huge amount to drop.

A phrase to consider when evaluating how cheap alts are now: 'What do you call a coin that is 90% down, one that was 80% down and dropped another 90%'

The truth is we have broken out of a bullish trend, the market has changed and your mindset needs to as well. In a bull market every dip is a buy, in a bear every bounce is a sell (for traders).

If you want to go big, wait for the bull market to be confirmed - there is no prize for being the hero who gambled here on a hope it goes back up.

Now DCA can be another matter, sure go ahead if that fits your timeline, and I am not saying don't sprinkle some cash in now (or trade if that is your thing). This post is for people still with the bull bias who may consider throwing in a lot more money than they can afford at the moment to make it back in a few months. The truth is you could just see that money go down 90% again.

The best buying opportunities in a bull run are dips, we aren't currently in bullish conditions (especially if the wider economy is considered, spoiler; it looks like hot garbage is coming our way). Whereas the best buying opportunities in bear markets happen in a few months / a year. Don't be the person who has no money to buy eth under $400 (as an example, not saying it goes there, you get the idea).

Please zoom out and realise assets which have still gone up 10-100x in a year, do not represent the deal of a lifetime just because they fell 50-75% now.

To reiterate going big now is a gamble, it isn't investing, if you really want to, set stop losses. Let the market decide, don't try to decide for it, it is a great way to compound your losses. To make money in the future, the most important thing to do, is to survive and that means protecting your capital.

To counter my title, 'buying big now could also be a gigantic win' - sure it could, but you have no idea, and the downside potential looms just as large as the upside, and personally; I would much rather miss out on 20% of upside with another 3-4x to come, than lose 90% of my value in big buys right now.