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RE: Strategic Advantage: The right time to Buy Steem and Bitcoin
Ye very tempting to sell other coins and move it all here...I don't understand why Steem is impacted heavily when Bitcoin goes down. Do we ever have an independent standing when it comes to price fluctuation. I hate the fact that we are impacted like all the other alt coins.
I agree with you...almost all top coins are impacted by bitcoin upds and downs...bad indeed
Crypto market is full of amateur speculators who want to get rich fast without any experience in FA/TA, so as a result the whole market is moved by emotions which are heavily connected to what color BTC chart is.
I'm totally agree with an importance of diversification and HODL over trading, but I would be very careful telling people to buy now, because:
Slowly increasing a crypto portfolio with DCA (Dollar-Cost Averaging) would be a much safer choice for most amateur investors.
Disclaimer: this is not a financial advice, do your own research.
Here is another point - those articles are posted for hamsters that are easily manipulated by news that create FOMO and FUD and if they invest right now, it is possible to take out more sellers and get the price even lower.
Sure, average Joe is always a source of liquidity for experienced whales on any market, this is why DCA + HODL is the safest approach for most crypto investors.
Buying the dip is very lucrative during a huge uptrend, but since we have a bear market, it might be also a good choice to wait for a solid consolidation.
Good view point indeed, thanks for your comment