Why You Need To Have A Proper Planning Before Investing Into Cryptocurrency Market !!
Hello All Dear Steemit Friends,
So guys the cryptocurrency market is currently at it's all time low of this year and whenever you bought any cryptocurrency with the assumption that this is it's bottom then after some days that cryptocurrency shows you an another big bottom of it's and this thing is really frustrating if you are a investors who love to invest all your money in a single price,
Well it's really hard to resist the felling to buy any cryptocurrency at it's all time low but in a bear market like this one, we simply can't predict the lowest bottom of any Cryptocurrencies, so it's better if you follow a systematic plan and buy a fix amount of cryptocurrency from your total Investment in each dip, because the more lower you got a good cryptocurrency the more chances of huge gains for you,
For example i started buying Steem and Ethos when they both are around $1.5 last month and now steem is around $1.05 and Ethos dropped a whopping $0.52 in last few days but iam still relaxed and claim because I didn't invest all my money at those prices because i knew that their might be a bigger crash coming if the ETF is not approved and i was right because the news of Delaying in ETF make this market crash more badly as compared to last month and iam accumulation more Cryptocurrencies at their all time low because i always invest into Parts.
So guys make sure that you follow a proper plan before start investing in this market because the more you can get in this market condition, the more you are going to earn once everything go backup again.
What do you think about this strategy let me know in the comments below.
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Just buy the dip! :)
My simple strategy is to buy/sell coins in part by part.. means I always bid for every purchase/sell in 10/20/30 profit margin.. not in a single bid..
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