Dips and rallies is part of investing, it happens in every asset class except t-bills. If you got stressed out, you probably need to diversify your portfolio to appropriate allocations for your risk tolerance. A 100% cryptocurrency position is bad strategy, or no strategy at all.
Well, the idea of bonds is that they shoot up when stocks go down - if only for a little while, so you need to be monitoring constantly during stock market dips in order to take bond profit. Have a look at the March crash.
But yes, absolutely,
A 100% cryptocurrency position is bad strategy.Anybody with 100% in crypto needs to immediately start looking at other asset classes such as
shares, bonds, property, infrastructure and precious metals.
If you have a very high appetite for risk, also look at
venture capital.
Also, bear in mind that this year you will probably make as much money speculating on companies involved with bitcoin - I'm kicking myself for missing the 1200% spike in the Bitcoin miner
Argo Blockchain over the last 3 months.