BitcoinLong
BTC DCA strategy buying levels
Updated
Not too long ago we bought the dips at 30k and rode the train to 60k.
Took some profits and started re-evaluating strategies
I've always been focused on the long-term gains, that's why I didn't close all my longs at 60k. But I'm no fool either. Being in the crypto market for so long has taught me a lot of things.. especially being fearful when everyone is greedy and greedy when others are fearful.
I've been through the crashes and the pumps. The bears and the bulls.. I've seen a lot of my fellow traders and investors get chewed out by the market never to come back again.. and most of the time people get f)cked over by the market is by trying to predict every move it makes. This is exactly how you get rekt.
So as always my advice is to keep it simple...
If you want to invest in Crypto and Blockchain tech you'll have to be patient and understand that these markets are new, hence their volatility.
Regardless of how many stories of overnight crypto millionaires you see on the internet, realize that this is not a get-rich-quick scheme and that there's a crazy amount of lies, luck, risk, or hard work behind these types of stories.
Crypto and Blockchain are probably the best investments in the coming decades. For this reason, I like to encourage people to actually learn a little bit of what both of these are before dropping their hard-earned money into it, thinking it will somehow make them rich overnight... Now I'm not saying you can't become rich with crypto. Not at all! In fact, I know a lot of people who changed their lives for good with their smart crypto investments, that's why I don't like to see people buying the Hype then Selling at a loss because they got scared of market cycles.. This is how most people lose money and get discouraged. My advice for people who are seriously considering investing in crypto for the long term would be. 1. Read and understand the tech and why it has value. 2. If you think it has value and you'd like to invest in a project for example bitcoin, don't go all-in with your money especially when there's an insane amount of hype in the market.. Learn how to recognize what moves the market, and develop a strategy based on it. ( the best strategy for any beginner looking to invest is Dollar Cost average. For example: Let's say you want to invest $1.000 USD into Ethereum. Instead of dropping the whole capital into it at once, you divide your $1000 into 10. So depending on what you want, you could buy let's say $100 worth of ethereum each month, this puts you in a better position than most people who try to guess what the right entry is so they can go all-in. Other important advice would be, don't trade ( especially margin ) if you're a beginner, is better to concentrate on investing.. like I said, most of the people who try to predict the market get REKT. So focus on long-term gains and you might be able to make life-changing gains depending on how much and what projects you invest in. Another important piece of advice is: Stick to the main crypto projects, for example: (BTC, ETH, LTC, XRP, BNB, DOT, ADA, LINK), and please don't put your money into shitcoins. Don't give your crypto to internet gurus that claim they could 3x your money overnight. Don't invest what you can't afford to lose. So you don't have to sell when you are at a loss and then watch the price of that same coin you sold go up and make insane gains a couple of months later.
Enough talking let's get this done.
Be prepared to buy dips at the levels highlighted on the chart.
Expecting more downside ( this might be the start of a bear market, although I think a very short-lived one, we still gotta be careful )
Longs from 30k all the way down to 20k.
Long term target prices:
70k
80k
100k
Took some profits and started re-evaluating strategies
I've always been focused on the long-term gains, that's why I didn't close all my longs at 60k. But I'm no fool either. Being in the crypto market for so long has taught me a lot of things.. especially being fearful when everyone is greedy and greedy when others are fearful.
I've been through the crashes and the pumps. The bears and the bulls.. I've seen a lot of my fellow traders and investors get chewed out by the market never to come back again.. and most of the time people get f)cked over by the market is by trying to predict every move it makes. This is exactly how you get rekt.
So as always my advice is to keep it simple...
If you want to invest in Crypto and Blockchain tech you'll have to be patient and understand that these markets are new, hence their volatility.
Regardless of how many stories of overnight crypto millionaires you see on the internet, realize that this is not a get-rich-quick scheme and that there's a crazy amount of lies, luck, risk, or hard work behind these types of stories.
Crypto and Blockchain are probably the best investments in the coming decades. For this reason, I like to encourage people to actually learn a little bit of what both of these are before dropping their hard-earned money into it, thinking it will somehow make them rich overnight... Now I'm not saying you can't become rich with crypto. Not at all! In fact, I know a lot of people who changed their lives for good with their smart crypto investments, that's why I don't like to see people buying the Hype then Selling at a loss because they got scared of market cycles.. This is how most people lose money and get discouraged. My advice for people who are seriously considering investing in crypto for the long term would be. 1. Read and understand the tech and why it has value. 2. If you think it has value and you'd like to invest in a project for example bitcoin, don't go all-in with your money especially when there's an insane amount of hype in the market.. Learn how to recognize what moves the market, and develop a strategy based on it. ( the best strategy for any beginner looking to invest is Dollar Cost average. For example: Let's say you want to invest $1.000 USD into Ethereum. Instead of dropping the whole capital into it at once, you divide your $1000 into 10. So depending on what you want, you could buy let's say $100 worth of ethereum each month, this puts you in a better position than most people who try to guess what the right entry is so they can go all-in. Other important advice would be, don't trade ( especially margin ) if you're a beginner, is better to concentrate on investing.. like I said, most of the people who try to predict the market get REKT. So focus on long-term gains and you might be able to make life-changing gains depending on how much and what projects you invest in. Another important piece of advice is: Stick to the main crypto projects, for example: (BTC, ETH, LTC, XRP, BNB, DOT, ADA, LINK), and please don't put your money into shitcoins. Don't give your crypto to internet gurus that claim they could 3x your money overnight. Don't invest what you can't afford to lose. So you don't have to sell when you are at a loss and then watch the price of that same coin you sold go up and make insane gains a couple of months later.
Enough talking let's get this done.
Be prepared to buy dips at the levels highlighted on the chart.
Expecting more downside ( this might be the start of a bear market, although I think a very short-lived one, we still gotta be careful )
Longs from 30k all the way down to 20k.
Long term target prices:
70k
80k
100k
Note
Buys at 30k levels Triggered! Current price 33.7k
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