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?
Don't wait just slowly take positions. I guard against ever going on all in or all put of a position. You can limit your risk by cost averaging up and down securing profits on the rise and never holding to the death. But in times like these I'm always a buyer. Keep it simple, buy when everyone is selling and sell when everyone is buying. As Warren buffet put it, be greedy when people are fearful and be fearful when people are greedy.