Crypto Crashing? Is this a good time to buy?
If you haven't already invested in crypto or maybe you have and pulled out before the dip then you are watching the market right now and wondering if this is going to be it for BTC and or Crypto as we know it! Now any opinion I give is just that but you have to remember that all markets will consolidate and if you pay attention to NYSE then you can see a pattern here as well. What they won't tell you that 10 months ago if you invested then you are still in the profit margin. Its an illusion to control your thoughts that this is not what you think it is and that it is a phase.
Just to name a few
- Amazon
- Ebay
- Myspace (before they went under)
When they warned the masses that these were companies that showed no value what did the fat cats in wall street do? you guessed it they jumped in on the dip and purchased large amounts because they knew. We see the same thing happening with the futures contracts via GEMINI platform created by the Winklevoss brothers. If some of the fortunate/greatest minds in the world are profiting off of this why aren't we? well I can tell you why- they don't want you to.
Feel free to follow and up vote if you like the criteria. I will be posting more as it becomes pertinenat and I will discuss what i did to get involved in crypto I just couldn't help not to post this and inform everyone here at the STEEM community what was going on!
We do not know whether the market will fall further. It will be reasonable to buy coins gradually. For example, you can divide the sum for investments by 4. Buy 25% now, 25% if the market falls even harder and so on.
based on the metrics that I have been studying it has and will further decrease if you look at market cap BTC has fallen below 6k since i posted this and now over 8k - like I said the info is there you have to look at the bigger picture not just with crypto - there are other factors that play a huge role in prices - you have a good investment strategy however I would suggest looking at other factors