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RE: Bitcoin (BTC) The Bears Are Here Until the Big Money Arrives?

in #bitcoin7 years ago (edited)

From being through a few of these crashes I've learnt that it's so much more painful being out of the market watching the coins you love go up 10x, 20x or more, than it is being in the market and watching your portfolio drop 70%, 80% or more, when you know it will eventually recover.

Personally I have a rule of only buying at the absolute bottom, at the tail end of a long correction. I never chase a coin, no matter what it is. Once it's gone up, I don't buy any more. That protects you from ever losing real money. Whatever gains you have are pure profit, even if a coin goes down a lot from the all time high.

It's the emotional aspect of investing that burns people, panic buying on the way up, and panic selling on the way down. Buy at the bottom and hold is the best strategy.

What coins are you planning on buying during this correction?

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