Quote from: Russlenat on Today at 09:28:17 PM

Quote from: Mark301 on June 14, 2022, 06:54:21 AM

Cryptocurrency is currently collapsing. And the total crypto market cap is now less than $1 trillion.

The market is red, and every cryptocurrency is crashing. Is it better to wait for a further drop in Bitcoin and Ethereum, or would DCA be better?

What will happen next?

How long do you think the market will take to recover?

The recovery of the market is far fetched for now. Bitcoin price still dwelling around $20k-$21k and if it stays that way, the bearish market will eventually continue. However, this is not a time to stay remained at your position and do nothing. While the crypto prices continue to crash, then it’s better to start doing DCA right now. The fact that we can’t predict the bottom of this season, then it’s best to always take advantage on the current low prices and buy more bitcoin and ethereum that will be our biggest assets in our portfolio.

If we look at the price movement of Bitcoin which has not been able to rise above the price of $22k, it seems that the bearish trend will
still continue. But we don't need to panic if the market to recover still takes longer, because as long as we don't sell the coins we have,
so we haven't lost. So my advice is never to sell the coins we have at low prices, as long as we are holding potential coins, everything
will be fine. Because the crypto market will definitely recover someday, so we can make a profit if the target we want is achieved.

Therefore I agree with you, if we know the market will recover, then we should not just sit around doing nothing. We must dare to take risks
by buying coins that we consider potential every time the price drops, so when the market recovers we can make big profits. But be careful
not all potential coins are worth buying, we have to make sure by doing research and analysis first, to make sure the coins we buy are really
worth buying. Or for newbies or people who don't have good analytical skills, they should just focus on buying Bitcoin and Ethereum which are
proven to be safe to buy in bear market situations.