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Peter Schiff criticize Buy The Dip concept
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[QUOTE="Shaf, post: 250401, member: 25467"] I never thought I would say this, but I admire Peter Schiff this way. His persistent and tenacious criticism of Bitcoin and all other cryptocurrencies is a good example of sticking to ones principles. This doesn't mean he is right and one shouldn't have a chance of mind or be open to others opinions. He has a strong critic of Bitcoin for years, since it was below 5 figures, going through both bull and bear cycles. This should have proven to him that Bitcoin would definitely survive more than he expected. On the aspect of not buying any dip, Luna's case was a failure of fundamentals and anyone who's been in the system for long, or done his homework would have recognized such dip as a catastrophic one. Even a mild event like a founding member leaving the team of a coin, like in Fantom can cause a significant dip. Buying such a dip would only leave you poorer because price hardly recovers. [/QUOTE]
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