In today's video I discuss one of my thought processes when buying during a bear market.

Crypto & Cardio #16

Footnote

One thing I forget to mention in the video is that I like this approach because it helps eliminate some of the fear of the market tanking further. For example, getting some skin in the game at $4k is easier when you know that should doomsday arrive and BTC hits $1k, your price average could still be around $1.7k.

It's also worth bearing in mind that there are nuances to this approach however I've kept it simple so you can get an idea of the thought process.

Pulling the trigger and buying is difficult, especially if you haven't played the scenarios out in your head. I find having some sort of game plan that you can execute on is a great starting point. Not to say that you cannot deviate or react to new information, however I find role playing worse case scenarios before they arrive and knowing what I'd do as a consequence gives me confidence to take action today.

Let me know what you think? And strategies/ tactics you employ during a crypto bear market?