I think this recent downturn has really helped me better appreciate the crypto marketplace and has made me rethink my investing strategy. Since I really started out with no strategy but to put a bit of money in (mostly from steem earnings) and HODL.
I really want to get into the markets a bit heavier and I think it's a great time. (although I could be very wrong so please don't take any advice from me.) So far I've only been skinning of a bare minimum of Steem/SBD and diversify into other cryptos but of course it's price is currently low as well. I also think Steem has great potential and am on a quest to hit dolphin status ASAP and it's so damn close I can taste it. I'm only 800 Steem away from 5000 SP.
Luckily my wife is on board too and is really starting to see the potential of crypto currencies. So it will to let me invest a small portion of our savings with some clear rules. So instead of my normal just park it and HODL forever it's going to be a sell and remove the investment once we double. I think there's a good opportunity to buy in with fiat right now.
I'm kinda looking forward to investing with a clear exit plan and end game. This was the one thing I've often seen suggested when I've asked for advice (see I'm taking it finally). I think it helps having set goals and milestones and plans right up front, so your not burdened by ongoing decisions of what to do. This has been my biggest stumbling point to far and I think it's just from being so new and niave in this world. That's why I think this down turn was really valuable for me personally.
(I'm still down about 40% from my personal high but still up around 200% from when I bought in)
I'm also thinking of taking a bit of money off the table when some of my current holdings hit a certain point. I hope to park a bit in either tether, ETH or BTC. (could actually use some advice on this one) so when I want to jump into another coin or something that's dipped a bit it's not a matter of selling something I'm not ready to sell or just selling more steem. I think I'm going to have a renewed vision and plan now.
