@BitcoinBaby
more from that month
What an expected surprise....well not totally but I was afraid this was gonna happen and then, of course, I am talking about ALTS bleeding like hell. And as I do not have a Crystal Ball these things are so hard to predict. It could have gone both ways, but I should have known this was the more likely road. I guess it was the optimist in me that stopped me from doing the wise thing. What was the wise thing....well I still doubt but right now this seems to look a lot like what happened in May. Crash to 50K hanging around there for a bit....crash to 40K hanging around there for a bit and well you know how that ended. Some ALTS already lost 50% over the weekend, and that looks like a bargain...but they might just do another 50% if the doom scenario plays out. SO NO financial advice, but what I am trying to do is sell some coins I ve been holding a while that can be sold without a loss. And increase my stables. I bought a lot of dip on Saturday, but if this plays out wrong we can buy a lot more when BTC hits 40K. If not I did not lose anything and I will benefit from the dip I bought already....so please be careful out there these are crazy times. #Crypto #dip #ALTcoins #cryptocurrency #cryptotrading
6 comments
Markets go up and markets go down, and sometimes in abrupt, crazy ways. I can't think of any market crazier than crypto, so if you are still trying to make short term plays, be careful. The market is acting like a snake, and you might get bit!
Well I am spreading the risk to be in a better position so which ever way it goes I will make the most of it
That is a great strategy, if you can pull it off. I’m still waiting for the US stock market to have a big correction, (crash), but the silly thing just started going up again. 🤪
So did the Crypto market I guess they figured out that the omicron variant truly seems to have mild symptoms... Well I still got a lot to learn about buying the dip, but I think I am still improving lets see in a month or 2 if I come out on top. But at least I now have some buy the dip funds ready again without selling with a loss
Sorry to be a broken record, but you know I have to say this: DOLLAR COST AVERAGE your purchases!
Well as I am trying to make my money trading or at least buying and selling ....I don´t even think that´s possible. Or I should use the profit made of the sales and buy every first Monday of the month. I think the difference is that DCA will work for long time hodlers, but I use 65% of my funds to make my hold stash grow. And every now and then I add a bit of BTC to that stash...whenever I bought a good dip and things are looking chipper