Bitcoin Investments: Strategies during Downfall in Cryptocurrency

Hi Friends,

Today I am not showing you graphs nor predictions, But I want to discuss some strategies that needs to be worked out during downfall in Crypto currency. If you want to see my price prediction please go through this post. This post was published when bitcoin was at high. https://steemit.com/bitcoin/@kcherukuri/btc-history-suggests-downward-trend-in-2018 .

I know there has been a panic situation in the market. You might have been wondering whether to invest some more money or in fear of losing your money. Anybody will be thinking of all these points at the current situations. All of the currencies are available at cheap prices. Most people who wants to enter now will be in dilemaa. The confusion is that is it the right time to invest?
My answer is there is no right time nor wrong time in any market. Be it stocks or cryptos or gold or any other asset class. The thing is how we play during upward movement and downward movement.

Bitcoin was corrected (50-55)% from its all time high as on 2nd Feb 2018. Was the bubble completely Busted?
I don't think so. Still there is some more correction due. But at this point we need to pile up our resources to catch the cheap prices. Those who want to start crypto currency Journey or already invested people I can say that the right time is about to arrive. After this down fall from the top of the hill, the markets are set to consolidate. My assumption is it will be consolidated in the next two months. By April they will start a fresh journey. But at this point there wont be any huge ups and downs. But they will trade mostly sideways. But stay invested and holding with the two - three year view will definitely help you at this point of time.

Another point is when the markets are in the huge rally like this they are set to correct at any point of time. I assume investing in good ICO's when the markets are at highs is a good strategy. By the time those tokens or coins comes to exchanges almost all consolidation will be completed. We can accrue some profits during the downfall also.

So friends don't afraid when the markets are correcting. It is a normal process. Identify other options but be in the markets all the time. Mean while when you got huge profits collect those profits and spend the quality time. So you will be relaxed and fresh ideas come to mind when we are in relaxed mood.

I can see lot of people yelling out HODL HODL when the markets are at peak. Always Hodling will not help the cause. Eating profits is also a good strategy.

Present your views in the reply section of this article. All positive and negative comments are welcome.

Thanking you.

Disclaimer:
ALL the views posted in this article are purely my personal views. I am not a financial advisor. Do your own research when investing in any markets