You are not the only one with this type of behavior. This is a typical portrait of the average cryptocurrency market participant. By waiting for more "convenient" extremes for buying and selling, you are essentially trying to predict market movements—a mistake. It is IMPOSSIBLE to predict peak price levels, and it’s unnecessary.
Change your approach. Don’t try to predict; instead, create a trading plan and allocate your risks wisely. Instead of making one purchase with your entire deposit, divide the allocated amount into 3-4-5 smaller portions. In this case:
- If you buy one portion and the price increases, you sell and make a profit.
- If the price drops, you make the next purchase, and so on.
But the target zones for purchasing should be predetermined (your trading plan). You must know in advance where you’re buying and where you’re selling.
You’re also making a huge mistake by changing your trading plan now. When you say it’s better to have more small trades than fewer large ones, that plan should have been applied during the accumulation phase of the entire crypto market, when assets were being accumulated by large holders. On HIVE, the accumulation zone is clearly visible from 2022 to 2024.
Now the participation phase is starting, where assets leave their accumulation zones—almost always sharply and by a large percentage. If you sell everything now, you might not be able to buy back at a lower price. Instead, you could end up buying back at a much higher price due to FOMO (and the psychological cycle repeats).
Don’t pay attention; this is just an opinion, not financial advice...
RE: The Waiting Place