At moment i have a large list of coins. most i had bought at prices low, while some i am taking a loss at moment.
with recent dips going on. some are below, as its now a buyers market
should i still eventually invest in more BTC? ETH and LTC
should i sell off some alt coins and re buy at a lower price, since everything is still falling?
thoughts?
thanks
The buying signal I perfectly use is I wait for the reversal of downtrend. I also use the support and resistance it's good indicator if you are ready to invest again. I usually hold only 2-3 altcoins on my portfolio, this is to make sure that I monitor each coins on my port. If you already have profit on your coins maybe you can consider it to employ the cost averaging strategy this is to maximize the opportunity of dip.
If you are mediocre and want to invest into bitcoin then this time is perfect for bitcoin investment because prices are stay at the lower level and people are buying it like it is in sale but soon this time will be over and bitcoin will start giving people neutrally and I think this time and price will never come again because people who are buying at this time will hold coin for the long terms and they will not sell in coming weeks.