Hello crypto enthusiasts today I'd like to share my investment strategy in 2022 but before diving into the topic it's just my opinion therefore it's not a financial advice and cryptocurrencies are still riskier investments. When market goes bearish, and specially now when it's not just crypto but the whole damn world economies going to bear mode with recession, I don't think we can get some sort of good idea where the bottom can be.
Since BTC and crypto overall has proven to be not exactly hedge to market and economy crash, just the opposite as these are treated as the speculative asset and the most risky asset which gets sold first thing if stocks (S&P, NASDAQ) get beaten down.
I was also thinking of doing DCAing in such markets as I did bought BTC in small chunks at prices of 30k and around. But I sold those BTC chunks I bought around 31100, and just kept the dollars.
Instead of doing DCA, I'm resorting to buying double each time my price target hits lower.
The idea is to buy as much going down, instead of for example putting $100 each week/month etc.
I might not hit my targets, or I might.
But the thing is if market goes that deep a, I will possibly have good enough crypto and dollar equivalent of some value which if needed for my daily/monthly/yearly expenses I can possibly cash out some too.
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