@bala41288 11 June 2023 more from that month

Crypto Market - Catching the falling knife or an opportunity for DCA The crypto market is making me feel that I'm just catching a falling knife. During the previous bull run the price of Hive was over 1.5 $ for a very long time. That was when I really wanted to invest but the price of Hive was very high to invest. I did invest around 2000 $ back then on SPS and received only 2000 SPS but today I have close to 100k SPS and my SPS value is not even 1600 dollars. This article is not to bad mouth the crypto market and my investments but a caution note to the investors to make sure they are not catching the falling knife because I did that. Whenever the price of Hive goes down I used to feel that it is a great opportunity and buy a lot of Hive. But when the price goes up, I wouldn't book my profits thinking that Hive might go further up and miss the bus. The price of Hive would then come back to what it was before. About a year back I used to feel the price of Hive was very high and I couldn't make an investment. Today the price has improved so much making it the best buying opportunity but I'm still hesitant a little bit to purchase. For 40 cents Hive price, I already thought that it was a great opportunity and I already bought a lot of Hive. I liquidated all the HBD from savings and bought Hive for that. Now after looking at the price of Hive at 28 cents, it is so tempting but I don't have enough HBD to do it.

**Dollar Cost Averaging** This is a great concept that many investors talk about. We shouldn't see this investment as catching a falling knife. For some people, this might be the case. I'm a good example of that but in a way, it is also DCA where my overall bought value would be very less when I make use of all the low-price opportunities. For some people, the bought price would be around 1$ for Hive and they have to wait for a long time to book their profits. But in my case, as I'm continuously buying whenever I have the opportunity, I would consider it as DCA and I will already be in a great position to book my profits if the price of Hive hits 50 or 60 cents. I would say it would be beneficial only if I complete one cycle. I consider buying as the start of the cycle and continuous buying as part of the process and then waiting for the price to pump and then selling the holdings for a nice price and waiting for the price to go down again and then buying at the low price again. I consider this whole thing as a cycle and this is what will bring us success in any type of trading. Just watching the price move up and down is not going to give us any benefits. **Really a buying opportunity** Today I was recollecting my mindset a year back. We have been in a situation where the price of Hive was close to 17 and 19 cents. I personally bought Hive when the price was around 11 cents and it stayed there for a very long time. At the same time, I have also seen the price of Hive hitting 3 dollars and I was there watching it happen when it happened. Today I was comparing my mood during both occasions.

Source https://pixabay.com/illustrations/graph-diagram-growth-report-3068300/ When the price was very low, my mood was like if I'm doing the right thing or not. I was only in a position where I have to sell and book some profits. It was right opposite of what I should be doing in a bear market. I compared it with the mood I had during the bull market when the price was around 1.5 dollars where I thought I missed the opportunity to buy when I saw Hive saying near 24 cents for a very long time. Today I see that opportunity to buy and I don't want to regret not buying Hive when the market recovers and the price of Hive reaches over 1 dollar again. The most confusing part of the buying opportunity is if I should be purchasing Hive or if should I also focus on other coins as well. The reason is because the value of most of the coins is low and we know for a fact that it would recover for sure. I think investing everything in Hive is like putting all the eggs in the same basket but the Hive ecosystem is a place that I know very well and I know how it would behave for the market conditions, so I think this is the safe place for me comparatively. If you like what I'm doing on Hive, you can vote me as a witness with the links below. Vote@balazas aHive Witness Vote@kanibotas aHive Engine Witness https://ecency.com/@balaz https://vote.hive.uno/@balaz https://ecency.com/@kanibot https://votify.vercel.app/kanibot