That is it and you have really give a good advice. I think we are going to have another trading cycles soonest and buy when bitcoin or others coins goes down again is the right things to do. I wish we understand all the investment opportunity in cryptocurrencies market and takes the advantage of it and makes money.
Exactly but alot of people are still scared of buying knowing fully well how profitable they can be when it finally favours the market,and if so buying when the price is down abit is a perfect decision to make regardless studying the market is another thing to consider cause crypto is broaden and at such a you need to broaden your knowledge as well inorder to be profitable in the long run.
There is no smartness in emphasising buying when the price is down and not even to talk about it as a perfect decision, it is mostly the traders mindset to think in that direction because an investor will prioritize buying whether the price is down or not
with the dca strategy because they are looking at the future by buying to hold
, while the traders emphasis about buying low to sell high
. There is need for you to be specific when using the word crypto in this thread if it is Bitcoin you are talking about is better you just say Bitcoin. Bitcoin is volatile such that when you set your mind on buying when the price will become down a bit you will keep struggling to wether or not to be satisfied with the dip in your present and while waiting for it to drop more it can go up again and even more higher leaving to miss buying opportunities and you can end up waiting for too long before or become discouraged of buying Bitcoin again.