BTC Dump, what to do?

Windnfire

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Hi,

I guess you see that the market is going lower day by day.

During all of these years, I realized that the best time for buying it's to buy when the market full of blood)

Just wait for a new cool feature, just like DeFi came to the market a year ago.

And find a way to earn on it. Buy low, earn a lot.

How do you think is it just the beginning of a bearish market or it's still bullish?
 

Pardesi

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Keep calm! Do Yoga!
 

smurfelina

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Depends. If you look at the chart it looks like a higher low is building which isn't very bullish. It all depends on your time frame. Buying a fixed amount regularly is a good option. If it goes down, you get a bigger amount and if it goes up you still buying. But this is for a long term investment strategy. You also have to keep calm and not panic when it drops.
 

thevideoguy

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Hi,

I guess you see that the market is going lower day by day.

During all of these years, I realized that the best time for buying it's to buy when the market full of blood)

Just wait for a new cool feature, just like DeFi came to the market a year ago.

And find a way to earn on it. Buy low, earn a lot.

How do you think is it just the beginning of a bearish market or it's still bullish?
After years of following the crypto markets I've become desensitised to the dumps and pumps, it doesn't matter anymore. I just pick a bunch of cryptocurrencies that I think will be worth significantly more several years down the line, then slowly buy small amounts every few weeks when I can afford to and that's it. I buy regardless of the price, it goes up fine, it drops whatever.

Making large investments now for the long term doesn't seem like a great idea due to systemic risks of the crypto markets and just the nature of those markets in general. Plus I can't fucking afford to anyways, lol.

Actively trading isn't fun and making short term predictions without being essentially a heavily involved fulltime trader is futile. I'd rather spend my time on other things so I basically just dollar cost average.

tl;dr: Buy always, but small amounts frequently over the long term.
 

Windnfire

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After years of following the crypto markets I've become desensitised to the dumps and pumps, it doesn't matter anymore. I just pick a bunch of cryptocurrencies that I think will be worth significantly more several years down the line, then slowly buy small amounts every few weeks when I can afford to and that's it. I buy regardless of the price, it goes up fine, it drops whatever.

Making large investments now for the long term doesn't seem like a great idea due to systemic risks of the crypto markets and just the nature of those markets in general. Plus I can't fucking afford to anyways, lol.

Actively trading isn't fun and making short term predictions without being essentially a heavily involved fulltime trader is futile. I'd rather spend my time on other things so I basically just dollar cost average.

tl;dr: Buy always, but small amounts frequently over the long term.
I heard about the person who buyed bitcoins everyday during a year and they made a good profit anyway.
 

Gogol

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If you are passionate - HODL
If you think with brain - Have a stop loss sell when these happen. Rebuy later when it seems that it won't drop anymore (e.g. stays around the same price for a good amount of time).

** Take my advice with a grain of salt, and don't blame me for anything please.
 

fb3003

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Hi,

I guess you see that the market is going lower day by day.

During all of these years, I realized that the best time for buying it's to buy when the market full of blood)

Just wait for a new cool feature, just like DeFi came to the market a year ago.

And find a way to earn on it. Buy low, earn a lot.

How do you think is it just the beginning of a bearish market or it's still bullish?
Wrong forum
 

macdonjo3

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In the next few years, all BTC will ever be is what it is now. It's so before its time. Great tech but so many people are buying the coin and not actually using it for any utility, and that's problematic from an investor standpoint.
 
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