Hi all,
Fairly new to crypto so I am by no means an expert but I want to use this current market to increase my portfolio while prices are low.
This time last week I was reading articles and watching youtube videos saying how certain coins were a great price and could 5x 10x or even 20x this year, so surely now is a good time buy?
I am investing in crypto to hold long term so I am not panicking at all about the money I have invested so far and will not sell anything. I just want to buy when prices are low and hold when then start rising again.
I am just wondering what everyone else is doing at the moment? Are you buying now or do you feel the market is only going to keep falling over the next few weeks/months and we should wait a while longer?
Before starting trading, you must remember 1 golden rule in trading. That is "Buy when it's cheap and sell when it's expensive" or which means buy low and sell high! Not buy high and sell low. Remember! Buy when it's low or low and sell when it's high or high!
The most appropriate time to buy crypto assets is when the price of crypto is experiencing a very deep decline and it is starting to look like an upward movement.
The best time to sell crypto assets is when the price of crypto has gone up too high in the short term, for example, it goes up 100%-200% and the price starts to move flat again before declining.