Hail Mary! The Falling Knife a/k/a How I buy Cryptos

Disclaimer: This is not financial advice. I am simply sharing my philosophy. Never invest with money, you can't afford to lose. Trade at your own risk and do your own research.

If you're new to crypto, it's probably safe to say your stomach has dropped multiple times over the last couple of months as mine has since the price of Bitcoin has plummeted from it's all time high, back in December. If you bought back then... Sorry for your loss.
But remember if you continue to buy when the price is down, your average cost per Bitcoin or other cryptos stablizes.

For example, if you bought .025 BTC at $19,000 and the same amount again at $8,900, then your average cost is $13,950.

Because of the way, I place my buy orders, my portfolio recovers faster now after every crash.

Whenever, I put cash into my Coinbase account, I transfer a chunk of it to Gdax and spread out my buys in increments of around $100 USD so as the "knife" falls, I pick up crypto with the price reductions. For example, I had bids placed at
$9,700, $9,250 and $8,900 for Bitcoin, this last time.

The $8,900 at the time was my "Hail Mary" bid, as I thought it couldn't possibly go down that far, but it did. The cause
for the plunge this time? I'm not sure but it seems like it may have something to do with the steel and aluminum tariff
talk in Washington D.C. and a Binance hack problem, the next day.

So, there have been high volumes of trading which is good and bad. Good because, it does bring the prices down... And bad for the exact same reason. Profit taking is painful to watch, but if an asset is worth having, it should go up in value.

And remember, unless you sell, you haven't lost any money yet. It is an unrealized loss.
If you HODL, there's always hope to regain your positions. If you don't, then there is no way to recover by selling
unless you sell and rebuy a similar crypto that may have an equal or better chance to recover.

I was able to recover some positions by selling some bad crypto investments and buying into STEEM and participating on
STEEMIT.com. Even though there's a huge learning curve on Steemit, in my opinion, it holds great potential.

And yes, after this last "dip", I've lowered my "Hail Mary" bid substantially.