I did it all month of April. although do not know where the lowest point. I bought AXS, I bought Sol, ftm, luna, bitcoin, avax, all coins that I think have great potential and prices are falling. but today i started to doubt, what i did was right?
after I observed my assets were down quite a lot and it was enough for me to have trouble. I want to ask what did I do wrong? Or is this the right decision?
What you did is what all newbies suggest (provoked by influencers) and all pros are dissuade. You wanna know why? Because newbies leave in perma bull word. SP500 is going parabolic for last 13 years. None of young traders have seen real bear market. Even bitcoin did not saw a real bear markt yet.
Red circle is what people call - buy the dip!! They seams not to realize that its possible for SP500 to dump another 70%. And thats what pros knows because they studied more than 5 years of chart. That whole economy can be trapped in no growth zone for 15 years (like in 1965 -1980). Thats more than whole crypo existance. Where will be your alts after 15 years of bear market and another 50-80% dump? How much will AXS technology be worth after 15 years if 1 years is enough to toss top 100 CMC in a way that no one is able to predict it.
Buying the dip is a risky game. The dip that we will bounce off may be here now, may be at -90% after 10 years of bear market, may never be for some coins...
I'm catching the dip too but I know that we may dump much lower so I'm not using more than 10-20% of money I want to invest in single product and I'm ready for long term accumulation. For example I was accumulatin BNB for more than 2 years before it pumped from 15$ average buy to 600$.