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?
Why is this is an either/or situation? Because it really isn't.
You can start accumulating now without jumping in with all of your fiat capital all at once.
It's called dollar cost averaging and it is so powerful because it acknowledges that you cannot time the bottom with any degree of certainty. Instead, when you know that sentiment is bearish, start accumulating on a regular basis so your average buy price is relatively low compared to when the bull run happens.
Accumulate good quality blue chip coins like ETH, SOL, ADA though. Don't buy into low-cap alts for the moment.