Quote (MildSambal @ Jan 21 2022 07:58pm)
there wasn't regulation FUD in June coming from American and Russian govt
Sorry for the late comment, just wanted to say this. I have been in crypto for 7 or 8 years now so I have seen many cycles by now. I first bought ETH @ $16 and I am not retired yet because I was too panicked in the early days and buying and selling at every panic in the media.
There is ALWAYS "something." There is always a "China just banned crypto." There is always a "US government is regulating crypto." There is always a crash right around the corner. There will always be an end of the world event that is the justification for the market manipulation that is crypto / the stock market. The only thing you can do is either hold till you reach your goal and never sell or you can sell every time you make a good amount of money and patiently wait for a buy in.
Last year I bought ETHX.B (Canadian ETH fund in my tax free savings account.) right at the bottom of a huge dip. Bought a shit ton of shares at about $7 a piece. At the time it was the end of crypto, suicide hotline posted on reddit. Buy when there's blood in the streets. I sold that entire stack at $18, more than doubled my money. A substantial amount of money for me so I was happy. ETH kept rising to all time high and the ETF went to almost $30. (This is why you should just buy and hold as I have learned dozens of times lol.) But I waited and didn't panic buy in because there is always another crash around the corner. Just the other day it was back down to around $10. Timing the market like this doesn't always work out and it can take a long time for cycles to come around and you have to be OK with sometimes being down money for a year or two but if you believe in the future of crypto this dip, no matter how low it gets or how long it lasts is just a good buying opportunity. I've been doing pretty well buying and selling the long cycles for the last several years, never quite getting the top or the bottom right but making enough profit that I am happy and now getting greedy and losing money.
Good luck!
This post was edited by LivaTheBear on Jan 27 2022 09:28am