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?
The downturn has only just begun. Purchase after it has reached its bottom. When will that happen? Nobody knows what will happen in the future. But, if things continue as they are and Trump does not suddenly become wise, the bottom may not be reached until a few months before the 2020 election, when it becomes clear that Trump will be voted out of office. But that's just a guess, and it's highly susceptible to events in the interim that could change my mind about the subject. Everything is subject to change...
Trump's history of bankruptcies clearly demonstrates one thing: he doesn't realize he's in hot water until he starts to burn, and he doesn't learn from his mistakes, so he continues down wrong paths until they dissolve under his feet. In other words, I don't see him backing down from his war with China, and starting the trade war was a huge mistake that I don't think he'll regret. In other words, he'll grind us into the ground to prove he's right, and it won't end well because he's so clearly wrong.
His attitude toward life appears to be "rather blind than stupid."