I have bought few cents of bitcoin last year thinking that there will be bull run as it was being speculated by many of thr users here. Yet, the speculated bull run was never happeb and instead it goes down to bearish market. I was just thinking that if I could only just anticipate the bull run or the pump that never happen.
Now, that bitcoin has slowly I have never invested in bitcoin. The moment that its market price was 3k usd was the best time to invest with but still I am afraid that it could go down. Seeing it slowly recovering to 3.6K-4K means nothing also to me. Now that it made a huge pump up from 5K i have regreted that I never invested in bitcoin. I have never been anticipated.in bitcoin pump.
I am Newbie in cryptocurrency and would like to start a small trading scheme that would try my skills in the market movement.
What should I do? Invest now? or wait for.another market down?
First of all you need to learn the basics of trade. All the tips that you get now (even if they are really useful) will not be worth anything if you don't possess the necessary knowledge.
What you need to know is that the market has phases. Depending on these phases, it is necessary to build your trading strategy.
The mistake most people make is not buying when the price of an asset is very low and not selling when the price gets high.
I want to advise you to make a plan for buying and selling. So it will be easier for you to calculate the entry and exit points impartially.
In general, it is a relatively good time to buy cryptocurrency, but also consider the purpose of this purchase.