In the world of crypto, "buy the dip" is such a popular investment strategy that it has become an internet meme. As a result, many people may not even think twice about buying a beaten-down crypto like Bitcoin (CRYPTO: BTC). As soon as the price of Bitcoin declines, they are ready to buy the dip.

However, if you are thinking about buying Bitcoin now, there are a few things you should keep in mind from the world's smartest investors.

In any investment prospectus, you will find a warning along the lines of "Past returns are no guarantee of future results." And that's in there for good reason. Just because a stock has gone up in the past is no guarantee that it will go up again in the future.

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Source Fool.com