So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.
Here's the problem...
So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.
Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?
How would you approach this?
The waiting is killing me and I want to play in the markets more!
If you have money invested in an altcoin that has gained value, you could liquidate that. Or even if you stock market investments that have made money in the bulk market, you could cash those in.
Otherwise, you're probably going to have to wait for Bitcoin to increase again to a new high and then start your trading cycle with a sell. I try to leave myself some leverage by never using all of my cash for a buy or all of my Bitcoins for a sell but it doesn't always work out if the price keeps moving in one direction for a long time.