These days in the market majority of the people asking whether the connection is already over or is it still going on. If its still going on then can we see the prices going down even more? To be honest, it is difficult to answer because no one can predict the market exactly how we were looking at the history it seems like some sort of correction is still pending which might happen in the next couple of days. I am not sure whether the prices will be going high or low but I have followed a strategy to get the benefit of price drop-in the parts.
I follow a simple strategy whenever there is a dip of 20% then I do buy some and I have started buying when the price was $40,000 with bitcoin and ethereum was 3400 USD. I did multiple buys in between when the bitcoin price was gone down and hit the mark of $33,000 and ethereum was at 2000 USD. I know that trading is something that requires more skills but I am trying to do DCA that is known and dollar-cost averaging and this way my everything will be well over as compare to current market price. Many of my friends have lost lots of money on leverage trading and that is why I try to stay away from this because it is very risky and I never tried with margin or leverage trading until now. I believe that it's okay to earn less but it should not be riskier but there are some people who do it and give me good money for sure but that profit also comes with a probability of loss.
Instead of going for trading I prefer to bye in the day and try to apply dollar-cost average far it has worked fantastic for me. I will buy it area Main BitCoin every day with a fixed amount and whenever there is a dip then I buy the bigger amount I have that option provides me the opportunity to invest lamb some amount I am it is best used whenever there is a big correction in the market.
I have been using this option to invest additional funds for the last couple of days and it is helping me to get the coins at the lowest price along with whatever I invest every day is still going on. There is no limit because I can do it every day and even multiple numbers of times whenever I see there is a tube and if the price goes further down then I will continue to do this because I know that in long run it will give me a decent profit for sure.
Usually, traders try to book a quick profit but I try a different way and I am making a big portfolio so after few years when BitCoin will be crossing $100K or so then my portfolio you will be worth more.
I believe that trading is a risky game for me which I usually avoid especially when there is a lot of fluctuation because I am not that much experience or have the skills so I tried this way to make good money in the long run and I'm happy to share that so far I never had any loss.
Some people are saying that BitCoin can go down up to the $25,000 mark or $20K so I believe that will be a fantastic opportunity for me to buy more of a bitcoin if it drops further because I will continue to do this unless I get to see the bigger drop in price.
Thank you so much
