It's been one year since I first got into cryptos. At about this time last year, BTC and the others were seeing a severe correction. It went on until the middle of July and many were depressed. At that time, BTC was at $2,600 and sliding. Some people were fearful it go below $1,000 again. Which was definitely possible.

Coming in with fresh capital, I decided on this strategy: Averaging. That is, buying at different levels and not in one shot. The first buy was at $2,200. It went down. So I bought some more at the lower price... until it was $1,800. It's no fun seeing my portfolio value in the minus but I decided to just hold on to the averaging strategy. Well, I was vindicated when BTC not only rebounded but went on to create new highs over that exhilarating 6-7 month period.

With averaging, remember to also sell during an uptrend to lock in profits. Regardless of what some may say about it going to $50k or whatever, it's always good to have some of our capital in fiat. For times like this when things are cheap.