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RE: When to Buy in New Era of Cryptocurrency Regulation

in #bitcoin7 years ago

I appreciate your definite views :) They are interesting to read :)

I would think that greater than 95% of people put money in crypto to make money. We all want to make money. But wanting it doesn't make it happen. Putting savings into the market in the blind hope that the market will rise is gambling. This works in a bull market and people think that they know what they are doing. Buying the dips and holding works when the market is going up. Buying the dips and holding is a terrible strategy when in a bear market. It will kill a portfolio. It will grind it down to nothing. People need to be extremely vigilant and careful in a bear market. They need to protect their capital.

I agree with you that long term bitcoin (or something else) may possibly be even bigger than now. That could be months away or that could be years away. Nobody knows.

Be careful my friend and good luck with whatever strategy you employ