BNB is indeed 'fragrant', but buying the right dip is different from buying the dip; be careful not to catch a falling knife.
BNB just peaked around 72x, now it's back close to 600 – a price that makes you want to 'catch the bottom' right away. But are you sure you are catching the bottom and not catching... a falling knife?
The crypto market is currently experiencing large waves, and big waves are not meant for inexperienced paddlers. If this is a sign of a long-term downtrend, holding BNB right now is no different from tying an anchor to your feet.
Remember: Whether the market is up or down, BNB still makes huge profits, but that doesn't mean you should jump in and forget about reasonable entry points. 'Buy the dip' does not mean just jumping in whenever you see a drop; you have to choose the 'right dip'.
To sum up: It is indeed fragrant, but don't let the fragrance cloud your judgment. If you happen to be wrong, don't blame the market; blame yourself instead!
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