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RE: MY #1 TIP TO GET PAST THE DOWN TIMES IN CRYPTOCURRENCY
What's up Joe! In my opinion, this is probably the best time to buy. Why would you want to buy at all time high? It's easier said than done though of course because emotions are hard to control :)
A major correction was long overdue and what is happening now is not surprising...
Completely agree with you @generation but I'd like to share my opinion here. The correction is not over yet and bitcoin is still struggling to find the bottom. If it couldn't hold the $7k zone, we're heading to the $5500-$6000 area. There will be bull traps and FOMO buying during these days but bitcoin WILL try to find a decent bottom before making a trend reversal. But still, current prices are good to accumulate for long term bag hodlers so somehow we are on the same side of opinion and long term bullish on bitcoin. ;)
Always glad to see optimism in times like this! I share your opinion @generation on the time to buy and buy cheap we will
Yes I agree! This is an opportunity I believe! Always darkest before the dawn!
Dollar cost averaging every paycheck has worked better for me mentally. If you commit a course of action in advance and believe in crypto long term then temporary dips don't phase you as much.
you mean temporary crashes/meltdowns?
there were many "best times to buy" in the past couple months....and all those were losing decisions, you can't buy when you already bought higher
Well, I personally bought at 13k and then at 9k and then at 6k. You can never know the real bottom but if you believe in the long term and think Bitcoin will be for example 500,000 (just an example) then buying at 16k would be better than buying it at all time high but ultimately even if you bought at all time high you will still be good if you believe in it long term it's just that you won't maximize your position.
This is true, however I do think there is a point of no return. Meaning a crypto will never go below a certain point again
I hope so, I still can't believe I bought ETH at $1300 and BTC at $12,500...wish I had waited
you can not look back but forward.