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?
I guess this question has been raised on this forum a hundred times. Well, what is even a dip? When we dropped from 65k to 55k? Was that a dip? Or now that we dropped from 55k to 45k and even down to 40k? It is really more about the strategy I guess. Some people take 100% of their available funds and fire into the market. I did that mistake years and years ago. That is why you will frequently read from experienced members that buying all the way down in increments is the safest among the options. It might lower your upside potential, but at the same time reduces your downside potential. The question is: what do you want?