Ideally, you want to invest and make money from cryptocurrency in 2022 when it is nice and cheap, then sell it after the price has risen substantially.
For example, if you bought 300,000 Stratis at $0.01 on August 12th, 2016 you would now have $300,000 at it’s current price of $1.10.
If you sold during January 2018, you would be a millionaire, having have gained over $4.2 million from an initial $3,000 investment at the price of $14 per coin at the time.
If you are not an early investor and missed out on the bottom prices, you can still buy during the occasional dips, however just because you didn’t buy a coin at it’s the lowest price that does not mean you are late. Many projects take years to reach their full potential due to development and user adoption which naturally takes time.
Again patience will help you more than hurt you as long as you have invested in a cryptocurrency.
Let’s go back to Rule 2: “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”.
This refers to waiting when everyone else is buying and buying when everyone else is selling.
If you are worried about the state of Cryptocurrency but believe in the future of Cryptocurrency, I will recommend CryptohodlerFX Cryptocurrency Investment Platform (www.cryptohodlerfx.com) as it is relatively new (launched at mid-summer 2017) but has become the largest cryptocurrency Investment Platform there is right now (total volume over 4 billion dollars) where you get 40% ROI of your invested cryptocurrency after 10 days. Supports a variety of cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash and Litecoin. I find that it has a really nice UI and support.
When investors are “greedy” and buying, this causes the price of the coin to keep rising and you risk overpaying for the coin, especially if there is a later price correction (a temporary price reduction).
If you are seeing a pump without any solid reasoning behind it (no new developments, no partnerships, no important news or updates) then you could be better off waiting for the price to dip again before buying in.
