Topic: How to buy in bear market? (Read 169 times)
now you need to enter the market very carefully! bitcoin is not very predictable! if you still enter the market, then with a small budget and very carefully, the main thing is not to be greedy! Personally, I'm waiting for when the crypto market will end the correction and only then can be logged in!
Im thinking about buying more crypto during this bear market.
should i do it?
if yes, how should i do it?
The current market is totally down so most of the peoples are looking to buying more cryptocurrency. But I am not do that because already I have some Bitcoin and altcoins so I decide to monitor the crypto market. If you want to buying cryptocurrency you should buy top 15 cryptocurrencies because others are unpredictable in future environment. should i do it?
if yes, how should i do it?
I think the good strategy right now is to buy, piece by piece. Not to all-in at once.
keep HODL.
keep HODL.
Im thinking about buying more crypto during this bear market.
should i do it?
if yes, how should i do it?
should i do it?
if yes, how should i do it?
Im thinking about buying more crypto during this bear market.
should i do it?
if yes, how should i do it?
should i do it?
if yes, how should i do it?
Yes, you can buy during the bear market there is no objection but there is way to buy during the bear market and I think you should follow that because you should be trading not for survival but for living. In bear market the best place to buy the bitcoin is when there is strong accumulation is going on and you see a strong breakout of the resistance and your entry should be either right at the breakout time or just a candle before it. This entry may give you good return if you really follow it.
when do i know that weve reached the bottomline and i can buy the dip?
Trying to time the market is the surest way to lose money. Just invest small amounts at every dip, and do not put in more money than you can afford to lose. No matter what people say, Bitcoin and other cryptocurrencies are still risky investments. You shouldn't get disillusioned if Bitcoin retreats further after you have made your investment.
Unless you feel with 100% confidence that you can time the exact low of the market then the best way to ensure you get a fair price is to buy in stages that way if it drops you can get a lower price for some of your buys and if it rises you have already purchased some at a lower price. What you will get is an average cost that you will be comfortable with.
Right now I personally believe is a great time to buy altcoins. We will not see these types of prices for too long.
Cryptocurrency is the future and banks know it.
Cryptocurrency is the future and banks know it.
I buying regularly regardless of price when I have some spare money. This way I reduce luck when buying regularly over very long period.
I think in bear market, it's prosperous to hold on the coins because the price in maket keeps on fluctuating. I would suggest to hold and wait for the price to rise up and sell. If you want to buy dips then go for it. But, before that make sure that you'll succeed
when do i know that weve reached the bottomline and i can buy the dip?
Wel we cant really say if the market will go up or down in near future ao it is always best to hold until you are in profit and sell only when you are at a profit. If you have hought at a low price and selling at a higher price then you are doing good. You might think it is lowest the price could go and the next moment you see the prices slashing down. It is good to huy the dips but buy only when you are confident enough and won't regret the decision in future. I personally just hold BTC for a long term as it is always better to hold for a long term.
The thing is, we don't know where the bottom of the bear market lies.
If you feel confident enough that this is it, based on some analysis (technical or fundamental) than go ahead. Bear in mind that it can go lower and than it shoots up.
Also, take into account that the BTC markets are being heavily manipulated since only 10% (in better days) is trading.
Who knows. The bottom line: it's speculation either way.
If you feel confident enough that this is it, based on some analysis (technical or fundamental) than go ahead. Bear in mind that it can go lower and than it shoots up.
Also, take into account that the BTC markets are being heavily manipulated since only 10% (in better days) is trading.
Who knows. The bottom line: it's speculation either way.
Im thinking about buying more crypto during this bear market.
should i do it?
if yes, how should i do it?
should i do it?
if yes, how should i do it?
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