Then you wait to buy a coin. The market falls, showing that your wait was correct, the coin has a 90% drop and the whole market rehearses a reaction, including graphically.
Ready, now is the time. You buy and at first, the market even takes a breath, but a year later, the same coin drops another 90%. Then the same situation presents itself. You who had invested 10k, only ended up with 1k and decide to put in another 10k to improve the average price.
Note that this isn't even an investment based on conviction in the coin but rather because in your mind it has already dropped too much. But a few months pass and again the coin loses 90% of its value...
I can imagine the "hold" crowd that bought
$USUAL a at 1.00, bought at 0.10, and now buys at 0.020. Or even buyers of
$DODO who live a similar drama, or even worse.
It would be great to limit the minimum price of any coin to 0.01 cent. Those with several zeros after the comma would have their mandatory burns to adapt to the new standard. If you had 10 coins worth 0.001, you would now have only one and its value, the minimum which is 0.01, would remain fixed until the market decides whether to pull the token or bury it for good.
No more putting zeros and more zeros after the comma forming a trap for investors, a bottomless pit.
As this regulation does not exist, I made my own rules to operate here:
-5% of the capital to invest in high risk I place in some coins that I will hold no matter what.
-95% to enter with a studied market, an already established token, an entry strategy planned, and stop loss points based on the graphs of the token and also of $BITCOIN.
Only then do I buy or refrain from buying something.
-Average price only if it is within those initial 5%, never for main investment.
Currently, I have 100% of the money that I will reinvest in cryptos in USDT. Thinking about going back today, I am between the tokens
#io e and
#icp . Both very close to the point I think about entering. Who knows, I might buy today, tomorrow, next month..