A couple of weeks ago I said I could not help myself and bought a bit of VET because it seemed so cheap.
I am not really trying to catch the bottom. It would be nice but it is nearly impossible. Rather I am looking for favorable entries.
Today we had a small "crash" ( not really a crash though but we went down again ).
Some alts got hit harder than others and again I am looking at the prices and ask myself the million dollar question
Is this a good time to buy?
I discovered a podcast I really enjoy called "Ready Set Crypto" where smart people talk about smart things in a way I can understand it.
And dame...I bought the dip...and again...again...and once more till there was nothing left I could buy anything with, only to see my coins deep even more.
The thing is, according to the podcast, buying the dip is something you do in a bull market....
This makes me a bit more cautios to buy atm. While it sucks to see a coin you really want to run away and double in price, it sucks more to have this coin and see it falling 50%.
The most important part before we thinking about gains should be protecting our investment/ not loosing.
Sounds logical but I forgot this often enough when my eyes were full of Dollar signs.