This is NOT investment advice. However, it is investment talk. You might LEARN something. :)
IF YOU LOOK AT THE IMAGE - BUY TIME IS WHEN THE MARKETS LOOK SICK
...However, you might not understand that, unless you read this post.
Lets get the important stuff out of the way.
- I am not an expert
- Nothing I say should be received as investment advice
- I could be wrong
- Your money and your investment strategy is totally your own decision.
Here's the obvious... and sometimes it isn't obvious until someone points it out:
- When an investment, like Bitcoin is on an uptrend. It is increasing in value every single day, and every single week, people become experts saying "wow! look at the value of Bitcoin grow! I'm investing my money for sure!"
...that is how anyone with a working brain can make money. When something is mooning and constantly increasing in value.. any idiot off the street knows it is a good deal and a good investment.
HERE is where that changes...
When you've doubled your investment, people take profits, sell off a bit... and what do they do? They enjoy the profits. They party - they buy something - they go out to dinner....
What smart people do, is take profits, put it aside, and wait for the market to go through a major correction and re-invest those profits.
Right about now.. while the markets and prices look sick, and you'd have to be insane to invest while it is still dropping.. there are people right now re-investing those profits knowing it will eventually go back up.
BUY LOW, SELL HIGH RIGHT?
- Often people think, "you have to buy at the utmost bottom" and sell again at the "very top"
Nah...
Just buy lower than you plan to sell... and that means profit.
How low will Bitcoin and the rest of the alt-coins go? Who knows.
Now knowing what I've just said... While coinmarketcap shows everything in the red, let me ask you:
- Is it sell time?
- Or buy time?
You decide.
All I know, from my own personal experience is that when the market is green, and everything is increasing, everyone loves to buy, wait, and sell higher.
When the market is red, and dropping, people panic and complain.
It's a keen investor that sees those red market opportunities and is ready and waiting for that opportunity.
The reason markets drop so drastically (again, my opinion) is that it is only the keen and cunning investors who take advantage of those times... and that's what people call trader "whales".
So the next time you pull up coinmarketcap.com and look at how Bitcoin, Steem, or BTS is doing... and it looks awful... you might be missing a buy opportunity.
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To clarify -- what is a buy opportunity?
Feed some of your fiat cash into the system, whether it be $50, or $500 and buy low, and wait to sell high
Trading is always a gamble. Never borrow, or invest more than you can afford to lose -- remember that...
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Again, to make what I wrote clear - I am not an expert. But if you see value in anything I said... and read all of this in its entirety, you might (or might not) agree with me.
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To the trader "whales" reading this post -- you can't do what you do, unless support comes from speculators in the market. I am not giving away your secrets. Maybe 30 or 40 people might read this post... It helps bring more liquidity and support to the market if they have an idea of what you already know. :)