Here is the last year in BitCoin’s price:
Before we go on to the advice of the largest US “exchange” for crypto, let’s take a look at the last year for the premier cryptocurrency, BitCoin, above.
Now, take this in:
“If you started buying crypto during the fizzier months of 2021, recent volatility might have left you with whiplash. Wasn’t Bitcoin just at an all-time high in November? It can be hard to stay calm when markets start to shift, but it’s a lot easier to make smart moves if you have a plan.
Keep emotions out of it. It’s okay to feel anxious, but don’t let anxiety dictate financial choices. Emotional trading can lead to badly-timed trades, like selling when prices are lowest or buying at a peak due to FOMO.
Think ahead. Buying and holding isn’t right for every asset, but during a market downturn, consider your long-term goals. Did you buy with the intention of selling many years in the future? If so, it’s probably ok to stop refreshing that tab and take a deep breath.
Consider dollar-cost averaging. Dollar-cost averaging is a popular strategy for reducing the sting of volatility and taking emotions out of trading — it involves buying a smaller amount of crypto every week or month no matter what the market is doing.
Trade within your limits. Are you planning to “buy the dip?” Remember: No matter how confident you are about a particular asset, you should never put in more than you can afford to lose. (And when in doubt, speak to a trusted and certified financial advisor.)”
In other words, ignore the entire CryptoSphere and what we’ve been NOT saying… JUST BELIEVE AND ALL WILL BE BETTER IF YOU HODL, HODL, HODL. Hmmm.
In other words, as long as you never need your money, it’s good in crypto.