Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
This is the right time to buy more cryptocurrencies especially Bitcoin because the more people come into the market and increases their demand for it, its value continues to grow rapidly.
I cannot ignore the dip, because there are a lot of the altcoins out there in the market that has a potentials, they might have a cheap price for now but its a good chance for me to buy them
then hold in the long term. While Bitcoin was really good to hold for a years because for it is a good investment.
I read some statements that when we want to get diamonds, be patient because by making long-term investments, we can get big profits differently if we make short trades, we will only get small returns with the same capital. long term because our mental and emotional will be spurred when doing daily trading so that big mistakes can occur, that's where patience is very important in us making any investment, especially in crypto with high price fluctuations.
Day trading is not everyone's cup of tea and you need to have experience for it and observe the market carefully and can loose funds with single wrong move so it's said that it you don't want to indulge in these skillful practice then simply hold or invest during dips but for long term say 3-4 years as the past chart says your returns will be good in long term but talking about btc only here.
Doing day trading activity at the present time now is not advisable in my own opinion, especially if you are not that knowledgeable in the crypto trading.