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RE: Learning opportunities in the current crypto bear market

in #finance6 years ago

I would say now is a pretty great time to invest because the market shed about 90% of value in the last year.

I will make sure that during the next major dip I have plenty of cash on hand to buy back at lower prices. I bought a little in this last year but I'll be better prepared next go round.

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I agree that now is a good time to enter the market. But... there might or might not be another major dip. If you intend to invest a larger amount in crypto, I would suggest you break it down in four to five smaller chunks and invest it over a course of the next few months. This way you can reduce risk as you "average in" - if the market really goes lower, your average buying price will be lower and if it doesn't it will be a bit higher.