Hi, i am wondering if i should buy a little bit of top 20 coins at current prices, 8th dec 2018, or wait until the market gets lower. What do you guys do?
I have bought the current dip, or at least... when market cap was still around 120 billion usd. Following my policy to buy after huge drops only, i planned to buy the next dip if market cap is around 60 billion usd. But should i not buy the current dip twice? Because what if the bakkt launching next month is succesful? What if it gets followed up by the ETF getting approval in the february sec-decision? What if it all comes paired with new developments that occur? Is this a realistic scenario for short-term?
What would you do, if you were following my plan/policy? I don't buy with large amounts so i can take some losses, what do you think is best?
IMHO, buying and selling should go side by side. Buying and holding may led you in a big loss, as you can not predict the future of cryptocurrencies as there is fluctuation every now and then. Good thing also that I'm currently monitoring my live
trading session so I could share some tips with you. While other important things to include is to realize that you need to do your own research and come up with your own strategy for cryptocurrency trading. If you are short on time and want to play it safe; the easiest cause of action is to simply diversify into several different coins and then wait a year or more. However, if you want to maximize profits you should learn how to swing trade cryptocurrency. The market is so volatile that big movements up and down are pretty common and you can capitalise on this through swing trading. Got to go now. Best of luck!