Bear Market? Go Shopping!
If you are new to cryptocurrency trading, seeing your portfolio drowning in blood might be very depressing and you might be tempted to sell all of them to prevent more loses. But always remember the golden rule of any trading; sell high and buy low. The rule is very simple but most people tend to forget it as they panic and get overpowered by emotions, and that's the worst thing that could happen to any trader. Don't panic! Bear market doesn't last forever. Instead of overthinking about your losses, consider this as the best opportunity to go shopping. It's sale day!
The markets will stabilize in the coming months after BTC problem is solved.
@cryptopie got you a $0.01 @minnowbooster upgoat, nice! (Image: pixabay.com)
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100% agree with analysis. Should buy & average at low levels. If one can have $ 100. Split into five or six and start invest. 20% 20% 20% 20% $ 20%.
So every time it falls down try to average with your second part, third & so on.
Ex: I bought BTC @ 2500 with my first 20%. If it went high no problem. I never average it bit it went down to 2400 I will buy again so my average is 2450. The rule is applicable same to all crypto. But one thing is sure pick the right Crypto
Yes. Investing all in 100% is too risky and gives you the anxiety of having to be always right. I totally agree with you.
"buy when there's blood in the streets"
Yes! More bloods, the better!
Holding ETH these days....
Hold tightly!
imo do not buy.
we are going much lower.
and it will last a long time.
when crypto is no longer trendy THAT'S WHEN YOU BUY.
not at the top.
careful with your cash guys.
I respect your opinion but no one can exactly predict when will the downtrend reverse. It could easily get bullish in a blink of an eye. So it's safer to buy parabolically along the downtrend.
Came from fb. I had to ask, wouldn't everyone selling all at once contibute to the falling prices? Hooooold.
Yes. Panic selling is the main reason for price drop. As I am not a day trader, I don't care much about fluctuations, I'm up for the long term gain (3-5 years). Just see how much these coins are worth 3 years ago and what they are right now, and imagine how much it would cost 5 years later. Following you.
I'm trying to cash in at a peak so I can reinvest it all into my channel, but I'm terrified at the thought of converting my earnings into something I will end up losing. Smh. However, yes, only 7 years ago a btc went for $20. It just makes sense.
Resteemed!
Thank you. Hope you have a great day!
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