The power of buying the dip

Many of us are probably still down on some of our favorite altcoins, and I wanted to share something with you that helped me to better understand the power of buying the dip.

If you spent $100 on a coin worth $1, you would get 100 coins.

$100 / $1 = 100 coins

If it drops to 25 cents, you would need the coin to rise 4X to make back your money. If you decide to invest $100 more:

$100 / $0.25 = 400 coins

Your new average cost is now only 40 cents ($200 / 500 coins), meaning it only needs to rise 1.6X to break even. That's a significant difference!

So if you're still wondering if you should buy more of your favorite altcoin that is down, it's probably not too late to buy the dip!