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1. Buy During Bear Markets: In the bear market of the cryptocurrency sphere, the price of Bitcoin typically drops to relatively low levels. This is an opportune time to enter and buy. By consistently buying during this phase, we can lower the average purchase cost, laying the foundation for future profits.
2. Buy on Dips in Bull Markets: In bull markets, Bitcoin prices often experience increased volatility. Whenever there is a price pullback, it presents an opportunity to buy. Employing a strategy of buying during minor dips and seizing significant buying opportunities during major downturns allows us to accumulate more Bitcoin during bull markets.
3. Timely Conversion to Bitcoin: In the frenzy of a bull market, the prices of many altcoins may skyrocket rapidly. However, the prices of these altcoins are often unstable and prone to sharp declines in the short term. Therefore, after making profits, it is advisable to promptly convert altcoins into Bitcoin to ensure the safety of earnings. |
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