Starting the week at $37,000 levels bitcoin While trying to maintain this level, we observe that the market is calm before the opening of the US stock markets.
Continuing its decline without any serious reaction from $69,000 bitcoin Will there be a new bottom for you? While the question keeps its warmth, those who prefer to buy at the point where everyone fears continue their purchases in parts.
Target What?
In the short term, no one knows the direction of the market or its reaction to macroeconomic indicators. At this point, although some indicators give signals on these issues, investors should always be prepared for the worst. Because the goal should be not to lose money before making money.
We see that this is more difficult to grasp for new investors who are used to the rises they saw in 2021 and have only seen this side of the market. However, 50% decreases from the point where you said you would not fall any more helped you to understand what kind of market you are in.
At this point, it is useful to remember some golden rules, although it is upside down in this market, but seeing that many of those who are patient make a profitable exit, increase our motivation.
“Get Your Feelings”
Even though you think you’re bottoming out right now,
- Don’t invest in crypto with a loan or loan.
- Don’t invest in crypto with money you can’t afford to lose all of.
- Do not invest in crypto with money that may be necessary for you in the medium term.
- Don’t invest in crypto in the hope that I’ll double your rent in a week.
- Don’t just build your portfolio out of cryptocurrencies. Gold, real estate, stocks, etc. diversify.
- Stay away from leveraged transactions.
- Do not take investment advice from anyone. Do your research yourself.
- Do not buy without improving yourself and learning all the dynamics.
- Do not panic when buying or selling.
- Remember that you earn not when you sell, but when you buy.
- Build your game plan so that you buy gradually as you go down and sell gradually as you go up. (Major supports should be considered)
- Don’t worry about missed opportunities.
- Adjust your weight in the portfolio according to the risk of the product you will invest.
- Remember that your biggest enemy at the grocery store is your emotions.
*Not Investment Advice.