This may not be a happy time for those in the cryptocurrency market. Except for Bitcoin and a handful of top coins, most altcoins are now at their best down in history. There is only news of losses and disappointments all around. Many are panicking and selling their assets. But I think, as a true investor, this is a golden opportunity for us!
My future plan in this extremely volatile and bearish market is very simple. There is no question of selling any assets at this time, because selling at a loss is not a wise thing to do. Rather, I want to use this opportunity to increase my holdings even more. You may have heard of Dollar Cost Averaging or DCA. Simply put, in this bear market, I will significantly lower my Average Buying Price by buying coins in small increments each month or at regular intervals.
When the market turns around again, my average buying price is so low that even the smallest pump will easily recover all my losses. And if the market hits its previous all-time high, the profit will be incredible!
The history of crypto teaches us that markets always move in cycles—there are dips, but there are also bigger rises. So my goal is to be patient and use the right strategies to grow my holdings in this 'bear market'. Instead of panicking, this time should be seen as an investment opportunity. I'm ready! Are you?
