When will the cryptomarket dump again?

in #crypto2 years ago

Are you hoping that the crypto market will dump again? I don't! But, even though I hope it will keep on boosting and pumping and increasing in value, I still know somewhere that it will not grow and increase in price forever. But, when will the growth stop?

It is important to know that even though the prices should go down, it doesn't mean that the production and the developments will stop. It will only mean that investors suddenly start to sell more than they buy. That is a natural part of the trading cycle, but it feels very painful as it arrives, especially if it lasts for several months and maybe even years. We have seen it before, and that is also why many traders are so extremely quick at taking profit now, because they have been in the pain of not taking profit earlier.

But, when will the dumps come?

When will people sell more crypto than we buy?

This is a question I wish I could answer. But I can't. So, what do I do about my lack of knowledge and my lack of the ability to read the future? I prepare for all scenarios. I do my uttermost to be prepared in case all crypto should dump tomorrow. But, if they should pump, I will be prepared for that as well. What do I mean by that? If they should pump, I have tokens ready that I would like to sell. If the markets go red, I have already sold quite a bit, meaning that I will still be in profit, and I even have some funds ready to be used in case I want to buy more.

But, knowing that red markets often last for months, I am also trying to be patient and not spend all my "saved up" money at once, but do what is called laddering... that is, spend a little on several levels, and thus, hoping to catch a good average price as I buy more crypto.

Do you have any plan? Are you setting aside funds and selling cryptos as the prices are pumping? Or are you always waiting for the prices to go even higher before you sell?

For more interesting cryptocurrency articles, visit: https://www.ipaddressguide.org/category/cryptocurrencies/

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