Post
Topic
Board Speculation
Re: How do we spot the crypto bottom?
by
Mpamaegbu
on 04/07/2022, 19:02:18 UTC
~snipped~
Even though I know what you said is true, most investors with small capital can't afford that. Their fund is too low so they want to squeeze out every possible juice they can get to increase their profit margin.
Now, that's a recipe for missing out on the ride when it begins. We only get to find a bottom on hindsight, not while price is currently at that point. Come to think about it, no one has to buy one Bitcoin to become an investor. Just buy the fraction your cash can allow you. The idea of trying to maximize your entry price so as to get in at a ridiculous price level may not always work out. That's my point. If you like a project/token/coin, once price drops appreciably; get in. Don't care much if it will drop further. Just be consoled with the fact that there were others who bought at a much higher price than you're getting it.