Blrd

[James]

Just wondering if anyone here trading in crypto as it is quite popular right now among investment ideas and I also did some but now market is crashed and going down and down.

What do you think? Is it good time to buy in dip? As we not sure what's future of Crypto. Most of major coins drop at least 30% and their is no positive trends ahead in 2022.

 

[Devin]

I have been making use of my Binance for all my cryptocurrency dealing and trade for at least 3 years now and I have grown my portfolio to some reasonable extent.

Trading 💹 can be nasty if you don't have the knowledge on how to analyze coins.

 

[RCNAL]

Always been a HODLer from day one. I think its a great time to buy if you have the extra cash. Or just DCA (dollar cost average). I said in another thread, if you hold bitcoin for 5 years at some point it will go parabolic. So far in its young history, it hasn't been in a bear market longer than 3 years.

 

[Heatice]

As much as it's always good to buy cryptocurrency now that it's in dip form, I find it better to just trade because of the uncertainty that surrounds Bitcoin BTC which affects every other coin. Ethereum dropped to $1.4k today but it's making its way up now. I can only buy in on BTC if its falls to $18k again.

 

[Sapphire]

Supposedly, Bitcoin is going to drop again so if you plan on investing in that, I would wait a bit longer. I am guessing it will bottom out around 10k and then begin a slow recovery.

 

[RCNAL]

When friends ask me about when to buy, I say keep it simple. DCA (dollar cost average it). Also, if you don't see it as a semi long term investment (5 years minimum), then don't bother. Why 5 years? Bitcoin doesn't stay in a bear market longer than 3 years in its short history. I see it as a retirement vehicle. If its held 10, 15 years you gonna cake up nice. Better than the top stocks probably (Google, Tesla, Amazon, etc.).

Also, I used to get into other alt coins but now I just stick with Bitcoin and some ETH.

 

[Danny]

If I have more money, I will stake out and look for when BTC would fall again to $18k and buy more. I missed out on it last 2 months when it came back to $18k because I was out of cash. I'm sure it's going to get there again before the year runs out and I'd be buying in.