This is the best buying strategy, if you are bullish.
If you believe this is a real bull market and not a fake out, then use this buying strategy. Do not wait for very low prices like 7k, 10k etc (like @Abdalla has mentioned). This won't happen in a bull market. This will:
If you are strongly bullish: buy at 100 day ema. YOLO.
If you are mildly bullish: buy at 200 day ema (risk of never going there)
Use this charting platform to find EMAs: https://www.tradingview.com/ (it is easy), google how, lots of tutorials.
But be warned, this can also happen, fake out scenario (back to $4,000).
- Do not invest in privacy focused altcoins. They are a bad store of value due to regulatory risk.
I don't think it will ever become the global currency, but I doubt it will die out just like that. China's central bank banned it when it was worth around 1,000 and it is way higher now.Interesting philosophy lol. Bitcoin has been threatened by these institutions in the past. Do you think this will be the nail in the coffin ?
I sold for the first time since the early December break out. This looks like a fake second attempt to break all time high. I don't mind if it makes a new high as I am in profit, might buy back if it looks strong again. Now it is too risky.