What to do at this moment?
Friends, no one knows how far this decline will go, whether we will reverse quickly or not. If someone had certainty, they would dominate the financial world!
There are plenty of speculations; it was common to hear that BTC would reach 200K this year, and now some say it's over and will hit 50K.
But what to do in this scenario? If I don't buy, I might miss a big wave if it reverses; if I buy and it continues to fall, the losses keep piling up.
No one has the magic formula for success, but I want to mention two strategies, and you can evaluate and apply them if you think they will help you:
1- I identified catalysts that could sustainably reverse the price. Today at 10:30 AM, we have the release of economic data from the USA. Positive data could lift us up, neutral data may not influence and keep the market trend, and bad data could drop us significantly. So focus on such things before deciding to position yourself again;
2- When deciding to buy, never invest all your capital at once; buy gradually because if the market continues to fall, you will have more capital to do DCA, and in the end, the declines, if they continue, will be mitigated;
3- Observe where to enter; look for good, solid projects that may be falling but are falling less than others, and never speculate; bet on projects that have utility;
Let us pray for a grand recovery that may begin today with a big leap!!! Amen?
