When is the Best Time to Invest in Crypto!

The current day-to-day situation in the crypto market seems to be losing investor confidence. In the current scenario, many feel that the bear market is back. Although currently every coin is going from top to bottom but many investors are afraid to invest in this position because of the current situation. So we are scared while investing in the current situation as there is no faith, any time a strange pump or dump can be seen in the market. Although sometimes we see everything positive, suddenly we see the market dump. Just one simple statement can cause a 20% or more crash in the crypto market. And when this happens it is unfair for retail investors like us. Investing in such situations is very risky.

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Although many of us have considerable experience in the crypto industry. At least those who have been working in these markets for a long time will agree on one thing that we should buy when the market goes down. But in the current situation, our idea seems to be changing a lot. Because there are currently some coins that are constantly making all-time lows. So in this position if we say that we should invest here then it is not completely correct. But we can buy this position if there is a good company or good project about that coin. But of course we should scrutinize that coin well and also check whether it can survive in the market. Then if we want to invest in that coin then we should buy with a small part of our whole money so that we can buy again when the price of this coin goes down again.

Because if you do this, you will be confident in the market and hold your holdings tightly and at that time, no news will affect you or the market. But our problem is when we buy any coin we buy with full money. Another problem we have is when we go to dollar cost averaging between coins, we buy if the price drops slightly from where we first bought.

But what I think is that we should take a second entry if at least 20 to 30 percent decline from the first purchase. Similarly, if we can buy in three steps, we can recover our losses to some extent and get a good return in future. But that's why we should definitely buy at the lowest price especially when the price of Bitcoin starts to fall and the coins go to the bottom. An example of this is that in the previous cycle, the price of Bitcoin reached $17K and in this cycle, it is expected that this time the price of BTC will come closer to 30K-34K, and this will be its lowest price. This is a great opportunity to make your investment and hold onto it until the bull run ends, which will benefit us all right away.