I have known about crypto since last 8 years but never invested in it. I have observed that the price increases to some extent every year. Some times it takes a rocket ship like it did in December 2017.Since i have seen increase every year i am not worried right now. In-fact i am more excited about this thing. I now can actually invest some money in steem which i was planning for long time. Right now the Steem costs 30% less. This means that i can have 30% more steem if i buy now. The only thing that i don't understand now is whether i should buy now or wait for it to fall further.
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Don't catch a falling knife... At least wait for it to trend sideways for a bit. Now there is the possibility of further cascading falls, but if you see it go sideways and then start to trend up, or solidly tick up for a while or significant percentage then you can at least kid yourself you were buying in on an upswing.
If you're worried about buying back in too soon then do multiple buys - 50% now and if it goes down further buy more later and average down. If it starts shooting up buy more on the way up - at least you can get some of the low price.
I am thinking of doing something similar. I will wait 12 hours more from now. I will see if it is going up or down and then i will invest in it.