Hello ,
So now writing this post BTC trading @6150$ after hitting a low on 5750$ .So what's next ....?
Here's the answer...now at this lower level we should be very careful in holding our emotions a wrong step will wipe out your hardened earned money .
Now if you have a good idea and bad timing then again you will lose the money in market.
Most of the smart investor follows a trading strategy called " Bad Idea and good timing" .
Because if you ask anyone to buy crypto in this falling market they will surely tell you it's a Bad Idea .But on the contrary it's a Good Time to enter the markets because all cryptos are on sale and there is not much down side left.
Maximum to bottom is 19400$ All time high and Bottom is 5750$ total a correction of 70.40%.
If we look into the past maximum correction was of 85% from ATH . So if you enter the markets now there is maximum down side of 10-15%.
But in this kinda market choose only gem coins which have promising future and check the returns from the past and also there all time high.
Strategy which we need to use as follows.
1.Dont invest in 1 coin chose mutiple coins for your portfolio.
In bear markets Never invest in one go always buy in parts . Suppose market keep on going down so you should always have FIAT handy to average out your investments.
Suppose if you have 1000$ to invest then first part buying should be (350$) 35% then ( 325$)32.5% and again (325$) 32.5% .
Above strategy will always help you to play on safer side and will always let you trade for longer time in markets . Off course good profit also .
Last but not the least....
Markets are forever but traders keep on changing...So invest wisely market is not going anywhere but if you loose you might be sitting on fans watching the markets going Up..Up...!!